Wall Street Equities Research Initiates Coverage, Places Speculative Buy Rating on Converge Global, Inc (OTC: CVRG)
Wall Street Equities Research, a Leading Wall Street Equities Research Firm, Is Pleased to Announce It Has Initiated Coverage on Converge Global, Inc (OTC: CVRG), Placing a Speculative Buy Rating on the Stock
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/16/13 -- Converge Global, Inc (PINKSHEETS: CVRG) is a United States based company with plans to develop and operate a unique online portal and media platform to service the hospitality and food service industries, locally, domestically and internationally.
Wall Street Equities Research analyst Murray Messina believes Converge Global's plans to develop Majestic Menu, an electronic marketplace to service the multi-billion dollar hospitality and food services industries, provides a significant growth opportunity for the Company.
"Based on our analysis, Majestic Menu will derive high margin, multi-faceted one-off and recurring revenues. Given its uniqueness and lack of competition in the space, we would expect to see a high uptake amongst industry participants. Converge Global has an opportunity to become profitable within a short period of time, enabling the Company to grow rapidly through internal initiatives, strategic alliances and acquisitions," Messina noted.
"Converge Global's respected and experienced management team, led by industry leader Cornelia Volino, brings significant brand recognition to its Majestic Menu division and through strong network associations; the Company is well placed to successfully implement its business plan."
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Wall Street Equities Research is a professional equities research firm focused on US listed companies with a team of professionals that have decades of combined equities analysis and research experience. Our equity research reports assist investors with their investment decisions-based in-depth analysis of US listed companies. For more information, visit our website at
Converge Global, Inc is a diverse company currently developing Majestic Menu, an online portal and media platform for the hospitality and food service industries to assist in identification and procurement of products and services from the local, national and international marketplace. For more information, visit
Wall Street Equities Research has prepared this report without any input, contact, advice, or review from the company. This is done to ensure the integrity and independence of all reports undertaken by Wall Street Equities Research. All information has been gathered from public sources of information including, but not limited to press releases, company Websites, and SEC filings. Wall Street Equities Research has not been compensated for the preparation of this report. However an affiliate of Wall Street Equities Research has been contracted and paid by a non-controlling, third party to provide investor relations related services for the Company mentioned in the report. This relationship has not influenced the view or opinion expressed by the analyst. Further, it is Wall Street Equities Research's policy that neither the firm, nor its principals, nor the firm's employees or contracted analysts, own or trade shares of any subject companies. A full disclaimer can be found within the report or at the Wall Street Equities Research website.
Contact:
Murray Messina
Analyst
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Datum: 16.01.2013 - 14:46 Uhr
Sprache: Deutsch
News-ID 220187
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