CONVERGENT CAPITAL CONGRATULATES SOURCE

CONVERGENT CAPITAL CONGRATULATES SOURCE INTERNATIONAL

Convergent Capital of Minneapolis, Minnesota placed a congratulatory announcement in the Sunday, October 8 edition of the Louisville Courier-Journal as a thank you for a successful payoff by Source of the capital infusion made by Convergent in 2009.  Source International, in return, thanks Convergent Capital for this awesome gesture and for the trust that they have shown in Source.

Convergent Capital congratulates Source International

ABOUT CONVERGENT CAPITAL

Convergent Capital is an investment company that provides unique, responsive, and flexibly structured capital to assist in the growth and/or acquisition of businesses committed to long-term, sustainable growth in a broad range of industries. Convergent is focused on providing debenture and equity capital investments in a variety of situations, structuring investments around recapitalizations, sponsored buyouts, management buyouts, consolidations and add-on financings to our existing portfolio companies for acquisitions or other special situations.

The firm’s new investment fund, Convergent Capital Partners, III, L.P., is licensed by the U.S. Small Business Administration as a Small Business Investment Company (SBIC). In operation since 1998, Convergent has over $225 million in capital under management.

Our philosophy is to be an outstanding provider of value-added financial services, investing the capital necessary for companies to overcome financial obstacles and secure opportunities created by growth and financial change. We differentiate ourselves by providing flexible financing solutions in a responsive manner.

Convergent is an active financial partner and a resource for management. Regular financial reporting, periodic discussions with management and board observation rights are required. Through a combination of internal experience and our network of limited partners, advisors and business colleagues, Convergent also offers strategic operating expertise and other resources companies need to execute their growth strategies.

Convergent considers financing in a broad range of industries and searches for companies exhibiting these characteristics:

• Positioned within a strong industry
• Expected to generate significant growth in cash flow and value
• Proprietary technology, process and/or products
• Motivated and insightful management team with an equity stake
• Adequate liquidity and experienced equity backing
• Multiple exit strategies
• Annual revenues in excess of $10 million and positive cash flow from operations

As a licensed SBIC, Convergent invests in companies that meet the U.S. Small Business Administrations definition of a small business:

• Net worth of $18 million or less, and
• An average net income of $6 million or less over the past two years