WHITE PLAINS, N.Y., April 12, 2010 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCBB:PVSP), a provider of Voice over Internet Protocol (VoIP), today announced its intent to enter the smartphone applications arena.
According to Paul Riss, Chairman and CEO of Pervasip, "We are now focusing our resources to allow for the addition of smart phone based applications to our technology portfolio. Credit Suisse expects the worldwide smart phone market to balloon to around 1.5 billion units by 2011 and we intend to quickly exploit this overwhelming growth by offering new and exciting smart phone applications. We plan to combine the scalability of new technologies with a diverse array of new products and services to create some of the most exciting smart phone applications to come to market to date. We are very pleased with the success of our wireless VoIP downloadable application that is now available on our website www.voxcorp.net. We expect to continuously rollout smart phone applications that are among the most dynamic in the industry in the near term."
"By entering the smart-phone arena, Pervasip has become part of the huge swell of smart phone application providers," said Mark Richards, Chief Information Officer of Pervasip. "We look forward to unveiling new and innovative apps in the near term. It's our desire to target other smart phone platforms such as Symbian, BlackBerry and Android before the end of 2010. Pervasip has the opportunity to play a part in one of the most attractive technological trends in history."
About Pervasip
Pervasip Corp. delivers wholesale voice over IP (VoIP) telephone services for the residential and small business markets through its wholly owned subsidiary, VoX Communications. Leveraging a nationwide VoIP network and internally developed proprietary software and product features, VoX offers a private-label digital voice program for cable operators, cell phone carriers, WiMax carriers, CLECs, ISPs and resellers. VoX differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems. Vox recently entered the mobile VoIP services and applications arena, which is expected to approach 300 Million users by 2013. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services. For more information, please visit www.voxcorp.net.
Forward-looking statements: This release contains forward-looking statements that involve risks and uncertainties. Pervasip's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in Pervasip's Annual Report on Form 10-K for the year ended November 30, 2009 and any subsequent SEC filings.