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To: Mr. Stress who wrote (90412)3/28/2000 8:42:00 AM
From: Gabriel  Respond to 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.



To: Mr. Stress who wrote (90412)3/28/2000 8:57:00 AM
From: Sosmartinov  Read Replies (1) | Respond to of 120523
 
Abbey J.: she has always been forthright in her comments but let's face it, she works for GS...if they don't get some stable improvement in the financials (she's some rep for the good ole boy network, eh?)."they" are all gonna be eating their lunch figuratively and literally....