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To: Blitz who wrote (6777)4/9/1999 10:29:00 AM
From: TGO  Respond to of 13776
 
TNRG...being new at "spin-offs", would someone please tell me how the shares are treated now? I'd like to continue to add to my position for next week's pr and would appreciate some info on how they treat the TIPS shares that are to be distributed, and the TNRG shares purchased today and before today? Please excuse my ignorance...

Mrs. TGO



To: Blitz who wrote (6777)4/9/1999 10:30:00 AM
From: Tom Allinder  Read Replies (1) | Respond to of 13776
 
I was just gathering info on ABFG the other day, got sidetracked and forgot all about it.

Tom



To: Blitz who wrote (6777)4/9/1999 10:33:00 AM
From: Wayne Rumball  Read Replies (2) | Respond to of 13776
 
SANTA CLARA, Calif.--(BUSINESS WIRE)--April 9, 1999--Convergent
Cos. Inc. (NASD BB:CVGTD) announced Friday that it has acquired
controlling interest of WebCash Corp. and Galaxy.NET Telecom Inc.,
both private companies, located in Campbell, Calif. for an undisclosed
amount of cash and stock.
These acquisitions represent the completion of Convergent Cos.
initial acquisition program to offer E-Commerce (one stop for credit
card, electronic checks, 1-900 billing and 1-800 credit), solutions to
websites and Broadcast capabilities to website hosted by the company.
WebCash is presently offered to its E-Commerce web site hosted
customers. Prime Video, a wholly owned subsidiary of Convergent Cos.,
will provide proprietary video technology to the web hosting customers
to provide the best video possible. The company plans to announce and
exhibit this new service at the National Associations of Broadcasters
show in Las Vegas April 19-21, 1999.
The company has completed a 24 month beta test of its WebCash
service in which 300 web sites were enabled to use WebCash. During the
beta test over 400,000 transactions with $4 million of commerce were
successfully completed. The company has development work and testing
on going with major corporations and expects to be able to announce in
the near future the launches for these new customers.
The company currently hosts web sites for 300 customers and does
web site development for 50 customers. Some of the customers use
multiple company services.
Convergent Cos. and its acquired companies currently employ 24
full and part time people.
Convergent Cos. will expand its board of directors to seven
persons. Michael Lindsay, CEO and president of Galaxy and WebCash will
join the board.

Forward looking statements in this release are made pursuant to
the "Safe Harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products, increased
levels of competition for the company, new products and technological
changes, the company's dependence upon third-party suppliers,
intellectual property rights and other risks detailed from time to
time in the company's periodic reports filed with the Securities and
Exchange Commission. BPN has received compensation for the preparation
of this report.

--30--jd/mi*

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