BONSALL, CA — 11/20/15 — Converge Global Inc. (“CVRG” or the Company”) (OTC: CVRG) is pleased to announce that Donald Steinberg has been appointed Chairman of the Board, CEO and President of the Company and is currently strategizing with the new management team on restructuring the company to implement new business operations.
On September 4th, 2015, Mr. Steinberg acquired a controlling position in CVRG and also purchased Rs11,441,846.79 in Company debt.
Mr. Steinberg has been at the forefront of new business concepts on multiple occasions, and brings a great deal of experience to CVRG that will benefit the Company in a myriad of ways.
In the 1980s, he developed stock option analysis and trading programs. This led to his management of floor traders on multiple options exchanges, and gave him the knowledge and insight he needed to successfully take other companies public.
In the early 90s, Mr. Steinberg co-founded Globalcom 2000 and entered into the prepaid phone card business, which at that time was an almost unknown market. Globalcom 2000 became one of the largest and fastest growing phone card companies in the United States. Among the many firsts accomplished in that business was an account with 7-11, which he personally closed, and which made Globalcom 2000 the first branded phone card in the country with a corporate logo.
In 1994, he developed a telecom “Callback” business called One World Communications. He subsequently traveled the world, opening up 187 training centers in only 9 months, and created the world’s largest International MLM global sales force selling telecom services.
In 2006, Mr. Steinberg formed Club Vivanet, an International network marketing company, selling a variety of services. In 2008, he merged Club Vivanet with a publicly traded company and began trading on the OTC Markets.
In 2008, he recognized the emerging opportunities in the medical marijuana industry, and changed the direction of Club Vivanet and renamed it to Medical Marijuana Inc., which became America’s first publicly traded company in the medical marijuana industry. In 2011, he successfully managed the acquisition of Medical Marijuana Inc. and the transition to new management.
Mr. Steinberg has vast experience in building and managing start-up companies, managing public company compliance, and spent years managing floor operations on various stock exchanges. He has had a life-long career in international sales and marketing, with over 40 years of experience developing and running successful businesses. Using this breadth of experience, Don will provide guidance and day-to-day management for the Company, and will be actively involved in its future and growth.
Mr. Steinberg said, “I am pleased to be appointed to lead Converge Global into a new era and a new and profitable business model.”
On behalf of the Board of Directors
President & CEO
About Converge Global Inc.
Converge Global (“CVRG”) is a publicly traded company now headquartered in Bonsall, California. The Company is currently transitioning to a new business model and management team.
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