Earlier this month, Convergence Technology announced that it has completed the acquisition of Bookkeeper International Equities Corp. Bookkeeper is an innovative Merchant Banking Firm primarily focused on providing structured financing and comprehensive banking solutions to underexposed and undervalued companies.

Founded in 2006 as a closed-ended Private Fund & Management Merchant Consortium Bank, Bookkeeper Int’l Equities’ objective is to assist Small and Micro-cap Companies with a comprehensive slate of services, including; Investment Banking, Debt & Equity, Bridge Financing, Equity Debt Lines, Business Consulting and Investor Relations. While other hedge funds & merchant banks have recently exited the world of Corporate Finance, this Merchant Banking Firm continues to see great opportunity in raising capital in the smaller public markets.

From initial private and public capital transactions to follow-on offerings, strategic consulting engagements and mergers and acquisitions, the company facilitates the execution of business plans that yield superior

Today shortly before the opening bell, Convergence Technologies announced its acquisition of Bookkeeper International Equities Corp in an all stock transaction. Bookkeeper International Equities Corp, a private Merchant Banking Group, provides merger & acquisition advisory services, investor relations, and corporate finance consulting services to microcap issuers.

As stated in the terms of the acquisition, Warren Stroud will be stepping down from his duties as Chief Executive to concentrate his efforts on the voice to voice division. The new CEO, Domino Mocharski, is dedicated to increasing shareholder equity and meeting the minimum listing requirements of a Nationally Recognized Exchange.

Mr. Mocharski commented, “In an effort to continue to build shareholder equity, Convergence Technologies, Inc. will be expanding its reach to provide business consulting and corporate finance advisory services to other microcap issuers. These microcap opportunities are typically either in operational or financial difficulty and may

Today after the closing bell, Warren Stroud, President and CEO of Convergence Technologies Inc., issued the following letter to shareholders:

Dear Shareholders:

After taking a close look at our strengths and weaknesses, we came to the conclusion that we were not fully utilizing our major assets - our management team and our public company. Realizing this, we have modified our business plan.

Convergence Technologies Inc. will be changing its focus from being a vertically-integrated voice to voice company to becoming a conglomerate with a voice to voice division. We are now actively involved in a number of non-telephony related ventures, which will be announced in future releases.

Our primary reason for making the modification was to ensure that we build shareholder equity for our stockholders. It is our objective this year to take steps to list on a Nationally Recognized Exchange.

Our interest is to apply for the NYSE Alternext, formerly known as the American