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Profile - Converge Global, Inc. (OTC BB:CVRG.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC
Location
233 Wilshire Boulevard, Suite 930
Santa Monica, CA 90401
Phone: (310) 434-1974
Fax: (310) 656-3055
Email: info@convergecom.com
Employees (last reported count): 4
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Computer Services
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 67%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Coverge Global Inc.'s business has been focused in the electronic commerce (e-commerce) industry, developing specialty Websites catering to niche market segments, as well as building a market that provides complete e-commerce solutions to other businesses. While the Company plans to continue to operate DigitalMen.com in the near term, the Company has discontinued development of its other Website projects, including LiquidationBid.com, DesiTV.com and Machmail.com. Due to the recent downturn in the Website and Internet industry, the Company is now pursuing other opportunities in the technology sector. The Company has not yet identified any specific opportunities, but such could include the Company's own development, acquisitions or some other type of relationship with third party companies in the hardware and software industries. The Company will also consider other applications in the Internet industry.
More from Market Guide: Expanded Business Description

Financial Summary
Converge Global, Inc. has established an Internet technology development infrastructure upon which the Company intends to develop and launch proprietary, commerce-driven specialty Web portals, each targeted to a market niche. For the six months ended 6/30/01, revenue fell from $358 to $0. Net loss decreased 74% to $194 thousand. Lower loss reflects lower operating costs due to the Company no longer consolidating the results of EssTec.
More from Market Guide: Significant Developments

Officers
FY1999 Pay

Imran Husain, 32
Pres, CEO, Director
$60K
Hamid Kabani, 39
CFO
--  
A. Rahman, 32
Sec., Treasurer, Director
--  
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:CVRG.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 25-Apr-2001
$0.15 
Recent Price$0.25 
52-Week High
on 29-Sep-2000
$3.375
Daily Volume (3-month avg)21.5K
Daily Volume (10-day avg)13.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change-83.3%
52-Week Change
relative to S&P500
-77.6%
Share-Related Items
Market Capitalization$2.24M
Shares Outstanding8.96M
Float3.00M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)-$0.06 
Earnings (ttm)$0.07 
Earnings (mrq)-$0.01 
Sales (ttm)$0.02 
Cash (mrq)$0.00 
Valuation Ratios
Price/BookN/A 
Price/Earnings (ttm)3.73 
Price/Sales (ttm)12.09 
Income Statements
Sales (ttm)$182.0K
EBITDA (ttm)-$1.01M
Income available to common (ttm)$611.0K
Profitability
Profit Margin (ttm)272.0%
Operating MarginN/A 
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)108.94%
Return on EquityN/A 
Financial Strength
Current Ratio (mrq)0.02 
Debt/EquityN/A 
Total Cash (mrq)$7,000 
Short Interest
Shares ShortN/A 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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