|By Marketwired .||
|June 20, 2014 09:15 AM EDT||
OKLAHOMA CITY, OK -- (Marketwired) -- 06/20/14 -- Converge Global, Inc. (OTC Pink: CVRG) (PINKSHEETS: CVRG) (the Company) announced today its gold production results for the first quarter of the year.
According to the Company, its subsidiary, CJSC Sintek, Inc. reported production in excess of 300 ounces of Gold for the first quarter of the year, providing revenues of $350,000 USD. This initial placer gold production is favorable for expansion and the Company intends to immediately seek additional equipment and personnel to be rolled out.
"These initial results with some of our resources are very remarkable and a great step towards creating a sustainable business for our shareholders," said Oleg Kiselev, Chief Operating Officer of Converge Global, Inc. and General Manager of Operations of CJSC Sintek, Inc. "Our strategic focus and operational plans are clear, and our shareholders should now come to expect the potential of an ever growing production from our assets," added Mr. Kiselev.
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.
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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