Convergence Technologies Group Incorporated Network Services Division Hit $100k Recurring Revenue Mark.STAFFORD, England -- Convergence Technologies Group Inc UK (Pink Sheets:CNVG CNVG Converge ) subsidiary Voice 2 Voice Limited reports recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. revenues in their Network Services Division have hit the $100k mark. Voice 2 Voice have invested heavily into a next-generation network which is based on the latest MPLS- enabled IP-VPN technology enabling them to connect together any locations, whatever their size or geographical spread, into a secure private network. This IP-VPN does not use the public internet even for access links to home workers. Plans to expand this side of the business has already been actioned and will incorporate PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. Line Rental and Call Spend. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Warren Stroud stroud n. A coarse woolen cloth or blanket. [After Stroud, an urban district of southwest-central England.] comments on the continued success of the Group "I am proud to be part of a business that continues growing in today's economic climate. Our aim is to increase these revenues 3 fold by this time next year.". This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. For a more complete description of these and other risk factors that may affect the future performance of Convergence Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. |
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