Converge Technology Solutions Corp. Announces $5 Million Bought Deal Financing - Seite 2

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 regionally‐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.

For further information contact:

Mary Anne Palangio Chief Financial Officer Converge Technology Solutions Corp. Email:  [e-mail]  Phone:  416‐360‐1495

Virtus Advisory Group Shareholder Inquiries Email:  [e-mail] Phone:  416‐644‐5081

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. These forward-looking statements include, but are not limited to, statements relating to the timing and completion of the Offering, the satisfaction and timing of the receipt of required stock exchange approvals and other conditions to closing of the Offering and the intended use of the net proceeds of the Offering. 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.