|By Marketwired .||
|July 8, 2014 09:19 AM EDT||
OKLAHOMA CITY, OK -- (Marketwired) -- 07/08/14 -- Converge Global, Inc. ("The Company") (OTC Pink: CVRG) (PINKSHEETS: CVRG) announced today that it has received a reasonable offer for the control of Converge Global Inc. by a European investment fund. The CVRG Board of Directors has been given until August 5th, 2014 to respond.
CVRG also announced its board of directors is positively reviewing the possibility of performing a reverse split on their stock in order to counter the effects of short sellers and thus allowing the share price to reflect the true value of the company. "We have noticed a sharp decline in the value of our stock which does not reflect the true value and future potential of our company, We must consider all preventative measures in order to guarantee the future success of Converge Global Inc. and a fair return on investment for our loyal shareholders," stated Alexander Shirokov, President of Converge Global, Inc.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Converge Global, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.