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Pervasip Corp. (PVSP)

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PVSP Latest News


-HEADLINE NEWS-


SC 13G Filing - 10% Ownership


Amended Current Report Filing (8-k/a)


 

Pervasip Announces Acquisition of Indoor Agricultural Business

Feb 12, 2015 (ACCESSWIRE via COMTEX) -- WHITE PLAINS, NY / ACCESSWIRE / February 12, 2015 / InvestorsHub NewsWire - Pervasip Corp. (USOTC:PVSP) ("Pervasip" or the "Company") announced that it has agreed to acquire 100% of the issued and outstanding equity of Canalytix LLC. 

Canalytix provides advanced analytics for indoor agriculture. Its integrated cloud-based platform allows users to monitor and control greenhouse facilities or any large indoor growing operation through the cloud, including real-time data of energy usage, HVAC systems, lighting and costs. "We are excited to leverage our historical technology development experience to gain entry into an exciting and rapidly growing business," said Paul Riss, Pervasip's chief executive officer. "We intend to close the transaction later this month and will provide additional information as appropriate."

About Pervasip Corp.

Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional Information

Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339

SOURCE: Pervasip Corp.
 


-OTHER NEWS-


Pervasip Executes Debt Modification Agreements to Reduce Debt By $1.4 Million

Jan 27, 2015 (ACCESSWIRE via COMTEX) -- WHITE PLAINS, NY / ACCESSWIRE / January 27, 2015 / Pervasip Corp. (USOTC: PVSP) ("Pervasip" or the "Company") today announced its execution of agreements to eliminate an additional $1.4 million in debt.

The new agreements bring the Company's balance sheet improvement to more than $3.3 million when taken with the Company's previously announced $1.9 million debt settlement with the Pension Benefit Guarantee Corporation. "We are pleased to have the support of our creditors as we implement our restructuring and acquisition plans," said Paul Riss, Pervasip's chief executive officer. "We still intend to eliminate additional debt but the completed transactions have paved the way for us to meet the balance sheet requirements of our targeted acquisitions, which we now hope to complete this quarter."

About Pervasip Corp.

Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional Information

Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339

SOURCE: Pervasip Corp.
 


Pervasip Provides Update on Restructuring Plan

Jan 23, 2015 (ACCESSWIRE via COMTEX) -- WHITE PLAINS, NY / ACCESSWIRE / January 23, 2015 / Pervasip Corp. (OTCQB: PVSP) ("Pervasip" or the "Company") today provided an update of its ongoing restructuring efforts.

"We have completed negotiations for a restructuring of our senior debt that would result in the reduction of more than $1.0 million of debt," said Paul Riss, Pervasip's chief executive officer. "That transaction, as well as the $1.9 million debt reduction announced last week are critical to our ability to structure targeted acquisitions that we hope to complete in the coming weeks and months. We are pleased to have the cooperation of our various creditors in our restructuring efforts. We intend to provide an additional update on our efforts next week."

Pervasip previously announced its execution of a settlement agreement with Pension Benefit Guarantee Corporation ("PBGC"), pursuant to which PBGC agreed to accept $100,000 in full satisfaction of about $2.0 million in amounts that had been due from the Company.

About Pervasip Corp.

Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional Information

Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339

SOURCE: Pervasip Corp.
 


Pervasip Announces Agreement to Reduce Debt by $1.9 million

Jan 14, 2015 (ACCESSWIRE via COMTEX) -- WHITE PLAINS, NY / ACCESSWIRE / January 14, 2015 / Pervasip Corp. (OTCQB: PVSP) ("Pervasip" or the "Company") announced today that it executed an agreement with Pension Benefit Guarantee Corporation (the "PBGC"), pursuant to which PBGC agreed to accept $100,000 in full satisfaction of $2.0 million in amounts that had been due from Pervasip.

"Finalizing this agreement is an important first step in our previously announced restructuring and acquisition plans," said Paul Riss, Pervasip's chief executive officer. "Reducing the majority of our outstanding liabilities is critical to our ability to raise new capital and to complete acquisitions to expand our existing operations. We are currently in discussions with our lenders for this purpose, and we hope to reduce significant additional liabilities in the near term."

The terms of the Company's agreement with PBGC are disclosed in a Current Report on Form 8-K to be filed today, a copy of which can be viewed online on the SEC website, and which additionally reports that the Company's reverse stock split previously planned for January 31, 2015 has been cancelled.

About Pervasip Corp.

Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional Information

Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339

SOURCE: Pervasip Corp.
 


Pervasip Announces Debt Restructuring Plan

Jan 13, 2015 (ACCESSWIRE via COMTEX) -- WHITE PLAINS, NY / ACCESSWIRE / January 13, 2015 / Pervasip Corp. (USOTC:PVSP) ("Pervasip" or the "Company") announced that it is in conversations with several of its creditors and aims to release details of a debt restructuring plan that will eliminate a minimum of $1.5 million in debt payable from its balance sheet.

"We are pleased with the early support of our creditors as we move forward in implementing a debt restructuring plan to strengthen Pervasip's financial condition and better position the Company for future growth, investment and success," said Paul Riss, Pervasip's Chief Executive Officer.

The Company is working with its secured creditors to finalize terms of a financial restructuring plan which would significantly reduce debt and interest payments and result in a stronger balance sheet for the Company.

"We need to restructure our debt before we can engineer any acquisitions," Riss continued. "I have been in negotiations with four of our creditors, and I believe we will achieve a comprehensive debt restructuring that will allow us to pursue acquisition targets that we have deemed important to creating shareholder value."

About Pervasip:

Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.

Forward-looking statements:

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional Information

Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339

SOURCE: Pervasip Corp.
 


 
 

 
      
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PVSP News: Statement of Beneficial Ownership (sc 13d) 04/09/2015 06:02:47 AM
PVSP News: Initial Statement of Beneficial Ownership (3) 04/08/2015 06:08:52 PM
PVSP News: OTCBBJournal Issues Special Alert on Avra, Inc. (OTCQB: AVRN): Pioneering Product Innovation in Growing Bitcoin Market 04/08/2015 10:20:00 AM
PVSP News: Pervasip Provides Acquisition and Restructuring Update 04/02/2015 02:30:00 PM
PVSP News: Pervasip Provides Acquisition and Restructuring Update 04/02/2015 01:34:00 PM
PostSubject
#104212  Sticky Note The next step for PVSP, needs to THE_BAMFACTSTER!! 04/17/15 12:34:35 PM
#102703  Sticky Note PVSP ANNOTATED CHART CONSOLIDATING PERFECTION - PVSP IS STRUKture 04/12/15 09:21:25 AM
#100423  Sticky Note HUGE DD linking PVSP to Colorado Cannabis-Industry STRUKture 04/07/15 12:20:08 PM
#99782  Sticky Note OS-IS-SO LOCKED-UP ITS CRAZZY READ THSE FACTS!! STRUKture 04/06/15 08:12:20 AM
#87753  Sticky Note PVSP HUGE FILING OUT!!! BERKSHIRE AGENT 03/17/15 12:54:45 PM
#106603   I don't cry, and I see virtually no FrankTheO2Tank 04/25/15 10:24:59 AM
#106602   It's so great! Winning side of James Franko 04/25/15 10:24:25 AM
#106601   Frank your style of trading and posting helps madeindet 04/25/15 10:21:40 AM
#106600   Me too. I don't work for anyone James Franko 04/25/15 10:21:40 AM
#106599   Overzealous Market maker trader loses job over naked madeindet 04/25/15 10:19:21 AM
#106598   Then keep on flipping this one Frankie, don't Vita Nova Stocks 04/25/15 10:16:49 AM
#106597   I'm aware of all these things, including what FrankTheO2Tank 04/25/15 10:15:23 AM
#106596   Here, I make a "special" train for you Vita Nova Stocks 04/25/15 10:14:40 AM
#106595   PVSP They have no convertibles coming, NONE. PVSP stealofadeal 04/25/15 10:13:54 AM
#106594   What insiders ? Who are these insiders ? THE_BAMFACTSTER!! 04/25/15 10:11:55 AM
#106591   That's not true. There are many loop James Franko 04/25/15 10:09:50 AM
#106590   Can we go on a nicer train there MrPoppaGeorgeo 04/25/15 10:09:33 AM
#106588   I calculated that based upon the last ASHER DSherman 04/25/15 10:03:20 AM
#106587   10K makes us current and ready to acquire KingTuk 04/25/15 10:02:41 AM
#106586   I'm a preloader and kind of feel like DSherman 04/25/15 10:00:54 AM
#106585   There ya go, many many did. I'm sure DSherman 04/25/15 09:56:59 AM
#106584   Have you heard of shorting against the restricted James Franko 04/25/15 09:54:12 AM
#106583   Not sure where these crazy rumors start in FrankTheO2Tank 04/25/15 09:48:52 AM
#106582   can't wait for the big run here...thinking this MOMO 04/25/15 09:48:34 AM
#106581   PVSP We get the 10k and bring us stealofadeal 04/25/15 09:42:34 AM
#106580   Is it true when the stock starts to madeindet 04/25/15 09:40:12 AM
#106579   Looks like we spike up above .003 around KingTuk 04/25/15 09:35:55 AM
#106578   PVSP Lift off is near and yes a stealofadeal 04/25/15 09:32:16 AM
#106577   If debt cleaned up? Future dividends? $$$ myersvodka 04/25/15 09:30:01 AM
#106576   I believe Alpine is short as they were stealofadeal 04/25/15 09:25:09 AM
#106575   I hear you. I agree. I'm looking James Franko 04/25/15 09:22:06 AM
#106574   PVSP Yes it has a good solid investment stealofadeal 04/25/15 09:19:51 AM
#106573   I wouldn't be surprised to see the company James Franko 04/25/15 09:11:13 AM
#106572   i got my ticket wallstreethustler 04/25/15 09:10:11 AM
#106570   Yup- they have been for awhile, and will Vita Nova Stocks 04/25/15 09:04:07 AM
#106569   I hear Alpine Securities is in panic mode. True? mulaa 04/25/15 09:02:29 AM
#106568   $PVSP - IRREFUTABLE DETAILED SHARE-STRUCTURE BASED ON NEW-FILINGS Vita Nova Stocks 04/25/15 09:02:03 AM
#106567   The smoke smell is the PVSP share printing crowin 04/25/15 09:00:30 AM
#106566   Yep and lots of great guys here whom SOUTHGAS 04/25/15 08:55:45 AM
#106565   I smell smoke! PVSP bonfire just got lit. James Franko 04/25/15 08:54:36 AM
#106564   $PVSP - allllll aboard the $$$ train to Vita Nova Stocks 04/25/15 08:52:53 AM
#106563   If that's the case we will see .10 James Franko 04/25/15 08:52:25 AM
#106562   Yes sir. Let's see how many pigeons James Franko 04/25/15 08:50:28 AM
#106561   Yep- $PVSP is a beauty, that's for sure. Vita Nova Stocks 04/25/15 08:48:57 AM
#106559   PVSP $$Gotta love the way this chart looks SOUTHGAS 04/25/15 08:44:58 AM
#106558   Lol. Uh...nope! PVSP just got it's James Franko 04/25/15 08:40:47 AM
#106556   The good thing is it looks like we KingTuk 04/25/15 08:12:21 AM
#106555   Yeah, didn't you ready the FINRA short report. mulaa 04/25/15 08:02:38 AM
#106554   Bu bu but there's no such thing as Vita Nova Stocks 04/25/15 07:59:46 AM
#106553   The dummies thought PVSP was going to be mulaa 04/25/15 07:59:41 AM
#106552   Offshore shorting big time - dsherm think upwards mulaa 04/25/15 07:56:53 AM
#106551   I am putting Pvsp back on alert on chris20 04/25/15 07:51:51 AM
#106550   And so it begins....the chase for shares -- mulaa 04/25/15 06:34:47 AM
#106549   Good thing charts don't talk nor do they BoilerRoom 04/25/15 05:20:26 AM
#106547   PVSP No way!!!! Hahahaha up up we gooooooooooooo!!!' BoilerRoom 04/25/15 05:01:34 AM
PostSubject