SOURCE: Converge Global Inc.

July 21, 2014 17:18 ET

Converge Global Buy Out Offer Withdrawn Due to Political Unrest

OKLAHOMA CITY, OK--(Marketwired - July 21, 2014) - Converge Global, Inc. (OTC PINK: CVRG) (PINKSHEETS: CVRG) ("the Company") announced today that the Offer to Purchase all the issued and outstanding shares of common stock of the Company received on June 27, 2014 from Erik Brizgalis, CEO of DDW Investment GmbH, has been revoked due to the political unrest in The Russian Federation.

The Company received notification that due to the political instability involving The Russian Federation at this time, DDW Investment GmbH has withdrawn their interest in acquiring its shares of common stock.

Alexander Shirokov, President, stated, "It is unfortunate and unforeseen that the current political unrest between The Russian Federation and Ukraine could have such a negative impact on our Buy Out Offer." He further stated, "We are maintaining a positive outlook that further negotiations and opportunities for the Company will be made available and we are determined to see continued corporate growth."

About Converge Global, Inc.
Converge Global, Inc. is a publicly traded junior gold producer with operations in The Russian Federation. Converge Global, Inc. seeks to acquire gold producing mining operations in The Russian Federation as well as other markets.

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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.

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