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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Mr. Stress who wrote (90412)3/28/2000 8:42:00 AM
From: Gabriel   of 120523
 
Tuesday March 28, 8:03 am Eastern Time

Company Press Release

SOURCE: Convergent Communications, Inc.

Convergent Communications Reports Fourth Quarter and 1999 Annual Results

- Fiscal 1999 revenue increases 160 percent over 1998 revenue - Fourth Quarter revenue up 93 percent over year-ago period

ENGLEWOOD, Colo., March 28 /PRNewswire/ -- Convergent Communications(TM) (Nasdaq: CONV - news), a provider of complete e-sourcing services and broadband IP-based business communications solutions, today reported consolidated revenue of $159.9 million for the year ended December 31, 1999, a 160 percent increase over 1998 revenue of $61.6 million.
Fourth-quarter revenues increased to $47.7 million, a 93 percent increase over 1998 fourth quarter revenues of $24.8 million.

``Our growth in 1999 was remarkable,' said Chairman and CEO John R. Evans. ``We are uniquely positioned to accelerate this growth rate as we continue to add value for small- and medium-sized enterprises (SMEs). We are particularly excited about the opportunities in the e-sourcing arena, a business that will not only grow very quickly, but one that greatly
complements our broad array of business-to-business enterprise solutions.'

E-Sourcing is the management of communications solutions that allow enterprises (businesses) to leverage technology, systems
and networking resources -- including broadband Internet Protocol (IP) based applications -- without having to ``own' or
internally build and manage those resources.
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