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Pervasip Corp. (PVSP)

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PVSP Latest News


-HEADLINE NEWS-


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: Amended Current Report Filing (8-k/a) 02/20/2015 05:07:32 PM
PVSP News: Pervasip Announces Acquisition of Indoor Agricultural Business 02/12/2015 11:25:00 AM
PVSP News: Current Report Filing (8-k) 02/10/2015 05:12:08 PM
PVSP News: Current Report Filing (8-k) 02/04/2015 04:29:29 PM
PVSP News: Pervasip Executes Debt Modification Agreements to Reduce Debt By $1.4 Million 01/27/2015 09:00:00 AM
PostSubject
#82543  Sticky Note Really ? PVSP Another weed stock ? LMAO THE_BAMFACTSTER!! 03/03/15 09:02:46 AM
#82090  Sticky Note MUST READ STELLAR NEWS FOR $PVSP http makemoney18 02/26/15 03:55:04 PM
#78742  Sticky Note Reverse Split CANCELLED!!!! Bjones2 01/15/15 08:10:06 AM
#71410  Sticky Note stervc Wednesday, 03/20/13 08:43:01 AM madeindet 04/09/14 10:12:05 PM
#82597   I was expecting another dump before news, I [SMART MONEY] 03/03/15 11:09:19 PM
#82596   This board reminds me of the shepherd that try to help 03/03/15 10:58:43 PM
#82595   And I have been hearing by February 28 try to help 03/03/15 10:53:51 PM
#82594   Please explain why you think so, and please try to help 03/03/15 10:46:08 PM
#82593   PVSP Our time is near BOOM time! PVSP stealofadeal 03/03/15 10:19:15 PM
#82592   Agreed Go $PVSP PetePham 03/03/15 10:10:22 PM
#82591   Will we see bid sitting tomorrow or buys wealththrupennies 03/03/15 10:00:55 PM
#82590   Tomorrow the fun really begins! Exciting jschrote 03/03/15 09:51:09 PM
#82589   Another great play here on $PVSP Go $PVSP PetePham 03/03/15 08:43:53 PM
#82588   Nice seeing you here as well Struk. I PetePham 03/03/15 08:42:25 PM
#82587   KA BOOM time. PVSP sgunderbarth 03/03/15 08:26:36 PM
#82586   Hmmm. I was counting on next week. sgunderbarth 03/03/15 08:23:47 PM
#82585   I thought it was next to last week photo4u 03/03/15 08:10:26 PM
#82584   I'm told , it's this week !!!!!!! THE_BAMFACTSTER!! 03/03/15 08:02:14 PM
#82583   $PVSP: Yes this week....$$ trupm007 03/03/15 07:59:11 PM
#82582   you might just see that BAM FACT! MOMO 03/03/15 07:58:39 PM
#82581   Let's dot this PVSP STRUKture 03/03/15 07:20:21 PM
#82580   I would love to see .00 this week !! THE_BAMFACTSTER!! 03/03/15 07:16:16 PM
#82579   100% this week!!!!!!!!! ;-) STRUKture 03/03/15 06:42:52 PM
#82578   Heard by March 30th sgunderbarth 03/03/15 06:11:47 PM
#82577   LOLZZZZZZZZZZZZZ!!! PVSP gearing up to go North THE_BAMFACTSTER!! 03/03/15 06:05:44 PM
#82576   Party on PVSP sgunderbarth 03/03/15 05:51:57 PM
#82575   absolutely it certainly does not make any sense STRUKture 03/03/15 05:38:45 PM
#82574   Why of course it make sense !!! THE_BAMFACTSTER!! 03/03/15 05:36:56 PM
#82573   Let's get it going $$$$ mulaa 03/03/15 05:36:52 PM
#82572   Yep.. looking good here MA's are curling north STRUKture 03/03/15 05:27:16 PM
#82571   That Makes absolutely no sense.. fair enough ;-) STRUKture 03/03/15 05:25:38 PM
#82570   Great day! wealththrupennies 03/03/15 04:44:08 PM
#82569   Nice close. Pvsp DSherman 03/03/15 04:37:33 PM
#82568   $PVSP: Ready Set Go....Party Time. trupm007 03/03/15 04:28:29 PM
#82567   2.5 milly slap on the 3s!!! OTC Knight 03/03/15 04:00:57 PM
#82566   looking forward to it. zoobadooba 03/03/15 03:54:06 PM
#82565   But much gets old!! Pvsp DSherman 03/03/15 03:43:54 PM
#82564   PVSP Quiet before the storm! $$$PVSP patience will stealofadeal 03/03/15 03:36:03 PM
#82563   Hey carmil1 , Without Asher and Paul diluting THE_BAMFACTSTER!! 03/03/15 03:11:39 PM
#82562   Wake me up when 3s are starting to go OTC Knight 03/03/15 02:39:42 PM
#82561   PVSP But you are bidding 2's I thought? stealofadeal 03/03/15 02:34:08 PM
#82560   You've been saying "give it a week or Cooltabby 03/03/15 02:18:53 PM
#82559   Someone needed there key boards fixed I see makemoney18 03/03/15 01:39:48 PM
#82558   PVSP Hang in there and all sellers will regret. stealofadeal 03/03/15 01:10:43 PM
#82557   PVSP: A bit of profit-taking today from impatient rayinbrooklyn65 03/03/15 01:07:09 PM
#82556   Nothing new. pepi 03/03/15 12:12:19 PM
#82555   Thanks for your insight OTC Knight 03/03/15 11:53:35 AM
#82554   no real buying! more 2s dumping now [SMART MONEY] 03/03/15 11:47:42 AM
#82553   you will not be able to buy 0002 stock king 1 03/03/15 11:25:45 AM
#82552   PVSP All is good here and no selling stealofadeal 03/03/15 10:34:25 AM
#82551   Zzzzzzzzzzzzzzzzzzz wealththrupennies 03/03/15 10:16:27 AM
#82550   97 million on the ask 54 million on madeindet 03/03/15 09:56:11 AM
#82549   Agreed. Pvsp DSherman 03/03/15 09:35:43 AM
#82548   PVSP: So long as we continue to nibble rayinbrooklyn65 03/03/15 09:25:23 AM
PostSubject