TORONTO, CANADA--(Marketwire - July 2, 2010) - Converge Global, Inc. (the "Company") (PINK SHEETS:CVRG), today issued the following statement regarding the U.S. Securities and Exchange Commission's allegations that PennyStockChaser.com engaged in fraudulent stock promotional activities. Converge Global was named by the SEC as being one of several subjects of the PennyStockChaser's promotions.
"Converge Global did not hire, retain or authorize PennyStockChaser to conduct any promotional activities of any kind on its behalf.
"Converge Global does not condone PennyStockChaser's alleged practices as described in the SEC complaint and supports the SEC in its efforts to protect the interests of investors."
About Converge Global, Inc. www.convergeglobalinc.com
Converge Global, Inc. is a junior mining company engaged in the acquisition, exploration and development of mining properties in North America containing principally gold as well as other precious metals.
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.