Pervasip Corp (PVSP)

[Bjones2]

$3.1 Million Debt Reduction YTD

Our second quarter gross margin was the highest quarterly margin in more than a dozen quarters, and our year-to-date reduction in total liabilities exceeded $3.1 million.

With our focus now on capitalizing on these metrics and the renewed commitment from our lender, it is our third quarter that brings us the most excitement."

n the third quarter the Company began selling calling cards, submitted its mobile VoIP app to the Apple app store, and put in place new marketing initiatives. "We expect our iPhone app to complete the Apple review process shortly," continued Riss, "at which time users will be able to download the Pay and Go app on iPhones and iPads.

This is exciting because users will be able to make free app-to-app voice and video calls across Android and Apple devices, as well as very inexpensive international calls to landlines and mobile phones."