Pervasip Corp (PVSP)

[iamright]

Our Awesome Pick: PVSP
Founder and Chairman of Napster, John Fanning, invested into PVSP's technology. We are issuing a report below with the news that was recently released on PVSP and the fact that the Founder and Chairman of the once 800 gorilla "NAPSTER" has actually invested into PVSP and PVSP's technology.
John Fanning is also the Chairman of NetCapital.

NetCapital's Chairman, John Fanning, noted, "We have a track record of success with disruptive technologies, and Pervasip's technology is a true example of how game-changing vision and wisdom can be forged into a paradigm-breaking commercial product. We have been following Pervasip for years, waiting for the right opportunity to partner and invest. Today we have found a time of great value."

Fanning continued, "Microsoft's purchase of Skype is a significant validation of the mobile VoIP space. We believe there is great value in Pervasip and that we can unlock that value for investors."

Pervasip Corp. delivers wholesale voice over IP (VoIP) telephone services for the residential and small business markets. It differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems. Pervasip recently entered the mobile VoIP services and applications arena, which is expected to approach 300 MM users by 2013. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services.

Make sure to download the PVSP mobile voice over IP app now and the'll give you 60 mins of FREE international calling just for downloading it at Google:
https://play.google.com/store/apps/details?id=net.voxcorp

Premarket bullish report on PVSP. We feel we could see another breakout in PVSP today. The stock hit a high of .28 on Tues looking very bullish and also had a healthy pullback mid-day but the bulls took over and it ran into the close. Therefore we expect PVSP to breakout again short term. So far we have been hitting this hot gem of a pick right on the head! We feel PVSP, our official top Mobile VoIP app international calling app play, has some monster upside potential both short and long term!



NAPSTER FOUNDING CHAIRMAN AND CEO INVESTS IN PERVASIP'S TECHNOLOGY

WHITE PLAINS, N.Y., May 16, 2011 -- Pervasip Corp. (PVSP), a provider of Voice over Internet Protocol (VoIP) telephone services, today announced that a strategic investor, NetCapital.com LLC, has signed an agreement with Pervasip's lender to purchase all outstanding debt.

NetCapital's Chairman, John Fanning, noted, "We have a track record of success with disruptive technologies, and Pervasip's technology is a true example of how game-changing vision and wisdom can be forged into a paradigm-breaking commercial product. We have been following Pervasip for years, waiting for the right opportunity to partner and invest. Today we have found a time of great value."

"We are pleased to have a friendly investor who wants to work with us to build value for our shareholders," said Paul Riss, Pervasip's Chief Executive Officer. "At this point in time, our original lender can no longer foreclose on our assets."

Pervasip, which operates in the mobile VoIP arena and recently became a carrier for video VoIP telephone services, received orders last week for more than 300 video VoIP lines and is now the carrier for Bausch & Lomb's video phones. The Company believes it will see significant growth as a service provider for video phones, as it is in contract with a person-to-person marketing company to sell its services.

"We are eager to bring additional technologies to Pervasip," added Fanning. "Not all VoIP is created equal, and we have found the VoIP network at Pervasip to be of superior quality and reliability. We therefore plan to combine it with other technologies, such as wireless spectrum, so Pervasip can fully take advantage of the world-wide mobile Internet revolution."

Fanning continued, "Microsoft's purchase of Skype is a significant validation of the mobile VoIP space. We believe there is great value in Pervasip and that we can unlock that value for investors."

About NetCapital

NetCapital is a Boston area private equity firm that fills the gap in the financing market for early and late-stage start-ups in specific sectors. Its Chairman, John Fanning, was the founding Chairman and CEO of Napster, and has introduced such net-related innovations as client-server game play, audio chat and auto-upgrading/authentication.



About Pervasip and VoX Communications:

VoX Communications delivers VoIP and video telephone service anywhere in the world that has a stable broadband connection. It recently entered the mobile VoIP services and applications arena so that its VoIP can utilize any 3G/4G or Wi-Fi connection. VoX differentiates itself through a unique combination of high-quality voice services, flexible back-office capabilities and automated provisioning systems that enable a quick turn-up for app users who are looking for a second mobile phone line or low-cost international calling, without using any voice-plan minutes from their mobile phone carrier. It offers a feature-rich, low-cost, high-quality alternative to traditional wireless phone services. For more information, please visit www.voxcorp.net.

AT PERVASIP:
Paul H. Riss
Chief Executive Officer
Ph: 212-404-7633
[e-mail]