Pervasip Corp. Reports Third Quarter Results
October 16 2013 - 07:36AM
Access Wire
White Plains, N.Y. –
October 16, 2013 – Pervasip Corp. (OTCQB:PVSP).
Pervasip Corp. (the "Company"), a cloud-based voice and video
communications solutions, apps and services provider, reported
results for its third quarter ended August 31, 2013.
Pervasip’s CEO, Paul Riss, noted, "We began our online marketing
campaigns in August with positive results. In a short period
of time, we’ve steadily increased traffic and downloads, improved
our efficiency of marketing spend, and are nearing breakeven
on media dollars spent to sales. Given these sales
include a mix of subscription and recurring top-up sales on
pre-paid products, we anticipate that our marketing efforts can
contribute to our bottom line as we continue to increase our
spend."
The Company has focused its ad impression volume on India,
followed by Brazil, Pakistan, Canada and the United States.
However, Internet ads are not limited by a specific geographical
location and the Company is enjoying high conversion rates in
several other countries, including France and Bangladesh.
"Our test results from our online marketing are providing us
with the data we need to gear up to advertise new features of our
VoIP app that allow us to automaticaly deliver a non-U.S. telephone
number to a subscriber anywhere in the world," continued
Riss. "More than half of our paid subscribers are from the
United States and we believe a person in the U.S. is more apt to
buy our services because we automatically deliver a U.S. phone
number. We now have the ability to offer phone numbers from
other countries, such as South Africa, Mexico and Britain, and we
plan to use our media spend to promote this feature, where we have
an advantage over other mobile VoIP carriers."
Pervasip utilizes its own cloud-based mobile data platform to
provide worldwide telephone services to Android or Apple smart
phone users who download the VoX VoIP app. The Company is
able to expand into other countries via the cloud, without
deploying hardware in that country.
Net income for the nine months ended August 31, 2013 was
$1,314,548, or $0.00 per basic and diluted share, compared to a net
income of $3,605,697, or $0.03 per basic and $0.02 per diluted
share, for the nine months ended August 31, 2012.
Net loss for the quarter ended August 31, 2013 was $(561,685),
or $0.00 per basic and diluted share, compared to a net loss of
$(779,801), or $0.00 per basic and diluted share in the third
quarter of 2012.
The Company’s gross profit percentage increased 2 percentage
points to 54% for the nine-month period ended August 31, 2013, as
compared to 52% for the nine-month period ended August 31,
2012.
For additional disclosure regarding operating results, refer to
the Quarterly Report on Form 10-Q for the period ended August 31,
2013, which has been filed with the Securities and Exchange
Commission.
About Pervasip
The Company 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 WiFi 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
http://www.voxcorp.net/.
For Further Information:
AT PERVASIP:
Paul H. Riss
Chief Executive Officer
Ph: 212-404-7633
phriss@pervasip.com
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.
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