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Pervasip Corp. (PVSP)

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Last Post: 5/29/2015 3:59:19 AM - Followers: 751 - Board type: Free - Posts Today: 12
 
 



 : PVSP




 





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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Wiki
PVSP News: Pervasip Enters Into Agreement to Absorb Dilution From Debt Conversions 05/15/2015 03:45:10 PM
PVSP News: Current Report Filing (8-k) 05/13/2015 01:17:27 PM
PVSP News: Pervasip Provides Acquisition Update 05/06/2015 09:20:00 AM
PVSP News: Pervasip Provides Acquisition Update 05/06/2015 09:20:00 AM
PVSP News: Annual Report (10-k) 05/01/2015 05:28:02 PM
PostSubject
#118516  Sticky Note So Carmil1, is that next week or the THE_BAMFACTSTER!! 05/28/15 10:20:15 AM
#118202  Sticky Note I think this is set up for a Cobra Kai 05/26/15 02:29:27 PM
#117284  Sticky Note @PaulRiss TWEET! makemoney18 05/21/15 10:10:17 PM
#113771  Sticky Note SIGNIFICANCE OF TODAY'S 8-K, $PVSP: READ AND READ Sooah 05/13/15 08:19:10 PM
#99782  Sticky Note OS-IS-SO LOCKED-UP ITS CRAZZY READ THSE FACTS!! Strukture 04/06/15 08:12:20 AM
#118649   $PVSP-Agreed like the type of news A*** had BERKSHIRE AGENT 05/29/15 03:59:19 AM
#118648   I hope people are planning on adding before shawhub 05/29/15 02:34:46 AM
#118647   I agree it's time for this to roll. shawhub 05/29/15 02:32:46 AM
#118646   Once the news starts hitting and we are shawhub 05/29/15 02:30:39 AM
#118645   NEWS will be mediocre AT BEST. pepi 05/29/15 02:24:47 AM
#118644   $PVSP~ Wow you've got me super stoked Fedi!!! BERKSHIRE AGENT 05/29/15 12:38:26 AM
#118643   PVSP Party on !! LMAO !! THE_BAMFACTSTER!! 05/29/15 12:34:05 AM
#118642   Life is short .we should enjoy it. So fedi arabia 05/29/15 12:18:10 AM
#118641   All we want to be rich but we fedi arabia 05/29/15 12:17:17 AM
#118640   Chance come once in the life .so we fedi arabia 05/29/15 12:15:57 AM
#118639   Do not lose the chance my dear friend fedi arabia 05/29/15 12:14:48 AM
#118638   PVSP coming #1 MMJ stock in DA world. fedi arabia 05/29/15 12:13:37 AM
#118637   PVSP Good move momo adding here. Your account stealofadeal 05/28/15 11:49:46 PM
#118636   40% of today's volume was short, brucebill 05/28/15 11:48:24 PM
#118635   You didn't need to be so technical with DSherman 05/28/15 11:43:37 PM
#118634   can't say I'm happy to be down here MOMO 05/28/15 11:37:28 PM
#118633   PVSP Cancel shares then BoilerRoom 05/28/15 11:17:44 PM
#118632   Uccello cant pay his own Liens and Judgments crowin 05/28/15 11:16:47 PM
#118630   A hunch Cooltabby 05/28/15 11:12:32 PM
#118629   Why do you think that??? PVSPGREEN $$$$$$$ DSherman 05/28/15 11:08:58 PM
#118628   Is there any difference between today, tomorrow, next DSherman 05/28/15 11:05:23 PM
#118627   It's all good right now, the birdies sing DSherman 05/28/15 11:01:27 PM
#118626   I think the shorts, if there ever Cooltabby 05/28/15 11:00:12 PM
#118625   No , last week was next week!! Remember THE_BAMFACTSTER!! 05/28/15 10:58:23 PM
#118624   Tabby wait until next week!! lol... oh wait posilock 05/28/15 10:52:19 PM
#118623   PVSP share buy back or reduction would be BoilerRoom 05/28/15 10:51:35 PM
#118622   What big news ? THE_BAMFACTSTER!! 05/28/15 10:49:11 PM
#118621   AGREED. AND THE BIG NEWS WILL BE SOMETHING Carmil1 05/28/15 10:34:59 PM
#118620   PVSP what are you talking about hardly any BoilerRoom 05/28/15 10:23:12 PM
#118619   PVSP is 45th most posted, 34th most read, lineItemVeto 05/28/15 10:22:02 PM
#118618   I agree too! PVSP is an ongoing Verifiable crowin 05/28/15 10:18:39 PM
#118617   Everything you said hinges on Paul delivering the James Franko 05/28/15 10:00:19 PM
#118616   The group I talk to isn't worried - mulaa 05/28/15 09:55:41 PM
#118615   :) MAHALM 05/28/15 09:52:05 PM
#118613   PVSP this is a longer term investment not BoilerRoom 05/28/15 09:22:35 PM
#118612   PVSP yup, just keeping it real... BoilerRoom 05/28/15 09:20:47 PM
#118611   I know everyone hates to have patience. But shawhub 05/28/15 09:04:06 PM
#118610   Absolutely agree with you! BERKSHIRE AGENT 05/28/15 09:02:08 PM
#118609   I'm stalking you! Lol. Yup.........Big Boys accumulate because makemoney18 05/28/15 08:49:11 PM
#118608   I would think if people really took noticed shawhub 05/28/15 08:46:38 PM
#118607   Weed is King in this industry and the makemoney18 05/28/15 08:43:17 PM
#118606   I'm looking forward to all the longs being shawhub 05/28/15 08:40:41 PM
#118604   Now that is spot on bro. Great post. makemoney18 05/28/15 08:38:45 PM
#118603   I agree. Alot sold out thinking this makemoney18 05/28/15 08:37:42 PM
#118602   No buying pressure because no one trust Riss Cooltabby 05/28/15 08:35:52 PM
#118601   There were plenty of selling opportunities and still shawhub 05/28/15 08:34:41 PM
#118600   I think people had confidence in Paul for James Franko 05/28/15 08:29:50 PM
#118599   The Real longs here, long time longs, Cooltabby 05/28/15 08:29:36 PM
#118598   PVSP Yup, if anybody knew the actual date BoilerRoom 05/28/15 08:29:22 PM
#118596   What about tick and tock? James Franko 05/28/15 08:26:47 PM
PostSubject