BOCA RATON, Fla., July 1, 2002 (PRIMEZONE) -- Converge Global Inc. (OTCBB:CVRG) and its wholly owned subsidiary TeleWrx Inc. announces that its management disagrees with projections for sales and growth predicted by Monthly Makers Monthly.
Mr. Brown, President of Converge Global, Inc. and its subsidiary TeleWrx, Inc., stated: "It is not our policy to comment on projections made by analysts or the media. However, in this case we felt it would be misleading to not clarify and give our opinion of the recent press regarding our "National Launch" and projections for growth. The projections made in a June 25, 2002 press release by Money Makers Monthly were based on information obtained from people outside the company and are grossly overstated, incorrect and misleading. We feel that the information contained in the Money Makers Monthly press release is way out of line with our expectations and recommend that the media and investors wait for us to have enough operating results to start to identify our short and longer term business trends."
Mr. Brown went on to add: "We have revised our first impressions of our opening days business activities and will only provide information about the Company's results after being verified by our internal sources."
For more information, please visit the TeleWrx Web site at www.telewrx.com or contact Richard Kaiser at Yes International for Investor Relations at 800/631-8127 or by e-mail at yes@yesinternational.com.