Converge Technology Solutions Corp. Announces Appointment of Chief Financial Officer

VANCOUVER and TORONTO, March 16, 2020 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSXV: CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to announce that Carl Smith has been appointed Chief Financial Officer, effective March 16, 2020. ‎

Mr. Smith has more than 20 years of experience in finance and executive leadership positions in public and private technology companies. Most recently, he held the position of Chief Financial Officer at Espial Group, a publicly traded company on the TSX that was acquired by a leading Canadian based software company.  He has a strong knowledge of capital markets, investor relations and business operations and has led multiple acquisitions, debt and equity financings. 

"Carl is joining us at an exciting time in our company's history as we continue to grow through both acquisition and organic growth" said Shaun Maine, Chief Executive Officer of Converge.  "We are building a leading platform of regional-focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients and Carl's capital markets experience and financial insight will be invaluable."

"I would like to thank Mary Anne Palangio, our outgoing Chief Financial Officer, for her contributions to the success of our business and wish her every success in the future" added Mr. Maine.  Ms. Palangio will remain with the Company through March 31, 2020 to assist with transition matters.

About Converge Technology Solutions Corp.

Converge Technology Solutions Corp. combines innovation accelerators and foundational infrastructure solutions to deliver best‐of‐breed solutions and services to customers. The Company is building a platform of regional‐focused Hybrid IT solution providers to enhance their ability to provide multi‐cloud solutions, blockchain, resiliency, and managed services, enabling Converge to address the business and IT issues that public and private‐sector organizations face today.

Forward-Looking Statements

This press release contains certain "forward‐looking information" and "forward‐looking statements" (collectively, "forward‐looking statements") within the meaning of applicable Canadian securities legislation regarding Converge and its business. Any statement that involves discussions  with  respect  to  predictions,  expectations,  beliefs,  plans,  projections,  objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is  expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or  intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward‐looking  statements. Forward‐looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking statements. Except as required by law, Converge assumes no obligation to update the forward‐looking statements of beliefs, opinions, projections, or other factors, should they change. The reader is cautioned not to place undue reliance on forward‐looking statements.

For a detailed description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's annual information form, which is available on SEDAR under the Company's profile at www.sedar.com, and the consolidated financial statements of the Company for the years ended December 31, 2018 and 2017, together with the corresponding Management's Discussion and Analysis for additional risk factors described under "Risks and Uncertainties".

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Converge Technology Solutions Corp.

Mary Anne Palangio, Chief Financial Officer, Converge Technology Solutions Corp., Email: [email protected], Phone: 416‐360‐1495; Virtus Advisory Group, Shareholder Inquiries, Email: [email protected], Phone: 416‐644‐5081