Quicken Loans to Join Charlotte Developer Convergent Acquisitions & Development, Inc Preferred Lenders Network

Business Wire, June 11, 2007

CHARLOTTE, N.C. -- Convergent Acquisitions & Development, Inc, a leading developer and vendor of real estate located in Charlotte, NC, is pleased to announce the addition of Quicken Loans to their network of preferred lenders. Quicken Loans joins an impressive list of industry leading lenders including Schmidt Mortgage, Franklin American Mortgage, Bank of America and Wachovia that have already been serving Convergent Acquisitions and Development, Inc's customers.

Convergent Acquisitions & Development stresses that though their customers are always in charge of such decisions"...through our preferred vendor network we are able to offer our clients a potential turn-key solution" says Convergent Acquisitions & Development, Inc's President Nick Sabardin. "With all the real estate scams around and so many mortgage brokers who have closed their doors over the last couple of months, we are very selective about whom we recommend. Quicken Loans has proven to us that they have the rare combination of both high quality products and excellent customer service that we demand from all of our network members. We are very excited to have Quicken Loans joining our list of preferred lenders and are proud to recommend them to our clients."

With 22 years of mortgage lending experience Quicken Loans is America's number one online mortgage lender and one of the largest home loan lenders nationwide. Quicken Loans closed nearly $18 billion in home loans last year.

Go to http://www.convergentacquisitions.com/inthenews/ to learn more about Convergent Acquisitions and Development in the news.

About the Company:

Convergent Acquisitions & Development, Inc is a leading vendor and developer of real estate especially focused on serving the non-owner occupied or "real estate investor" market. Founded around a team of real estate professionals with in-depth knowledge of the market and a wealth of experience, Convergent Acquisitions and Development, Inc provides single family homes in emerging markets well poised for income and appreciation potential.

Convergent president Nick Sabardin, BS, MBA, graduated from the prestigious Sorbonne University in Paris, France, before spending several years as a business consultant to some of France's largest corporations. He completed his education by earning his MBA at San Jose in Silicon Valley, with an emphasis on technology and marketing. He flew as a commercial airline pilot for US Airways for five years after graduation, and fell in love with the Charlotte area, a US Airways hub. He is a long time experienced real estate investor.