Convergence Technologies, Inc. announced yesterday after the closing bell that it has acquired Emerging Issuer. The site www.EmergingIssuer.com provides a destination where money managers, analysits and individual investors can go to watch and discover new investment opportunities. The companies featured by the website typically don’t receive widespread analyst coverage on Wall Street.
The acquisition is part of the company’s strategic plan to build a solid Corporate Advisory Merchant Banking Firm. With Emerging Issuer’s revenues totaling more than $1 million, management believes their services fit in nicely with Convergence’s overall Advisory Model that will be marketed to microcap/smallcap public companies.
The president of Emerging Issuer, Mr. Santana, stated, "We have always focused our energy on finding small and microcap stocks that are in position to build shareholder equity. The companies chosen to be profiled by Emerging Issuer are premier, under-investigated names with solid potential. Emerging Issuer grows simply by helping companies get visibility. When discovered by our technical writers, these companies are investigated in the fullest, with analysis of past performance as well as an eye on the future. After a comprehensive discovery, any pertinent information is sent out to a select but expansive global audience. Our Vmails (Video Emails) are updated daily to give our members a reliable source of information regarding what’s next on Wall Street.”
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