Pervasip Corp (PVSP)

[Brock69]

So was this true or just a lie?

WHITE PLAINS, N.Y., Nov. 11, 2015 /PRNewswire/ -- Pervasip Corp. (USOTC: PVSP) ("Pervasip" or the "Company") announced today that its subsidiary Grow Big Supply, LLC ("Grow Big") has posted impressive sales increases every week since the Company closed a financing on October 14, 2015.

"We are pleased with the progress our Grow Big store made since we injected working capital into its operations," said Paul Riss, Pervasip's Chief Executive Officer. "Our recent financing allowed us to completely pay off Laurus Master Fund and generate a $1.9 million gain on troubled debt restructuring. However, our primary goal with the new term loan was to increase sales in our Grow Big store."

Grow Big has posted week-over-week sales gains of 70%, 11% and 31% since the financing was closed.

"Sales in the first week of November are more than double our sales in the first week of October," continued Riss. "We don't know how long we can continue on this trend, but we are very pleased that we have this fast start and have been able to effectively utilize our new capital."