Convergent Communications Services, Inc. Receives Notice of Event of Default From Cisco Systems Capital Corporation

Apr 10, 2001, 01:00 ET from Convergent Communications, Inc.

    ENGLEWOOD, Colo., April 10 /PRNewswire/ -- Convergent Communications, Inc.
 (Nasdaq: CONV), today reported that its wholly-owned subsidiary, Convergent
 Communications Services, Inc. (CCSI), received notification from Cisco Systems
 Capital Corporation (Cisco) indicating Cisco's belief that events of default
 have occurred under the terms of its vendor credit agreement with CCSI.
 Although no obligations have been accelerated, Cisco indicated that it was
 presently evaluating all available courses of action.
 
 

SOURCE Convergent Communications, Inc.
    ENGLEWOOD, Colo., April 10 /PRNewswire/ -- Convergent Communications, Inc.
 (Nasdaq: CONV), today reported that its wholly-owned subsidiary, Convergent
 Communications Services, Inc. (CCSI), received notification from Cisco Systems
 Capital Corporation (Cisco) indicating Cisco's belief that events of default
 have occurred under the terms of its vendor credit agreement with CCSI.
 Although no obligations have been accelerated, Cisco indicated that it was
 presently evaluating all available courses of action.
 
 SOURCE  Convergent Communications, Inc.