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CONVERGENT SOLUTIONS ANNOUNCES CHARGE AGAINST EARNINGS

 LAURENCE HARBOR, N.J., Nov. 30 ~PRNewswire~ -- Convergent Solutions, Inc. (NASDAQ: CSOL), today announced that year-end financial results for its fiscal year ended Sept. 30, 1992, will reflect a charge against earnings for approximately $4.9 million.
 The charge reflects management's assessment of the future net realizable value of previously capitalized software costs, and an investment in lease residuals of certain computer equipment with a leasing company currently in Chapter 11 proceedings.
 The company believes that although it may realize the full value of these investments in the future, current sales and short-term projections do not substantiate the current carrying value of the assets.
 Convergent Solutions Inc. is a company that is primarily engaged in developing and marketing software products and services. The company is comprised of three divisions. The CSI division's main line of business is the licensing of a fourth generation computer language (Application Development System), and Report Writer. The DataFocus subsidiary, located in Fairfax, Va.,
is engaged primarily in custom software development. The MHT Services division provides consulting services and products to convert COBOL applications to run on different IBM mainframe computers.
 Convergent Solutions Inc. anticipates year-end earnings to be released in the third week in December.
 -0- 11~30~92
 ~CONTACT: Vincent Galano, chairman of Convergent Solutions, 908-290-0090~
 (CSOL)


CO: Convergent Solutions, Inc. ST: New Jersey IN: SU: ERN

GK-CK -- NY026 -- 4087 11~30~92 10:45 EST
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Publication:PR Newswire
Date:Nov 30, 1992
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