March 13, 2019 – TORONTO, ONTARIO – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS) (FSE: 0ZB) is pleased to announce that it has obtained an official listing on the Frankfurt Stock Exchange, with the ticker 0ZB.
Converge also announces that it has retained Integral Wealth Securities Limited (“Integral”) to provide market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Integral will trade shares of Converge on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of Converge’s common shares. Under the terms of the agreement, Integral will receive $5,500 per month. There are no performance factors contained in the agreement and Integral will not receive shares or options as compensation.
The Company also discloses that further to its previously announced acquisition of Software Information Systems, LLC, a finder’s fee of 2.00% of the total enterprise value of the transaction is payable to Commonwealth Capital, LLC. The finder’s fee consists of a cash payment of US $260,000 and 160,000 common shares of the Company.
Converge also announces that it has retained Olsson Business Acceleration (“Olsson”) to provide investor relations services in Germany on behalf of the Company. Under the terms of the agreement, the Company will pay Olsson an annual retainer fee of EUR 24,000 for professional services.
Additionally, Converge has retained Virtus Advisory Group Inc. (“Virtus”) to provide investor relations services on behalf of the Company. Under the terms of the agreement, the Company will pay Virtus a monthly retainer fee of $12,000 for professional services.
About Converge Technology Solutions
Converge Technology Solutions building a platform of regionally focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com
For further information contact:
Mary Anne Palangio Virtus Advisory Group
Chief Financial Officer Shareholder Inquiries
Converge Technology Solutions Corp. Email: [email protected]
Email: [email protected] Phone: 416-644-5081