Pervasip Provides Acquisition Update

WHITE PLAINS, NEW YORK – May 6, 2015 – Pervasip Corp. (USOTC: PVSP) (“Pervasip” or the “Company”) provided an update on its ongoing acquisition efforts.

Paul Riss, the Company’s chief executive officer, said that “We continue to evaluate opportunities for value creation by integrating innovative new technologies with existing bricks and mortar infrastructure in emerging agricultural markets. We are in discussions to acquire proprietary technology rights and revenue producing assets, and we are preparing the definitive agreements to close on one of our targeted transactions. We plan to have an additional update next week.”

About Pervasip Corp.
Pervasip develops and delivers cloud-based technologies to emerging markets. The Company’s Canalytix subsidiary is a provider of advanced analytics through an integrated cloud-based platform that allows users to monitor and control greenhouse facilities through the cloud, including real-time data on energy usage, HVAC systems, lighting and costs.

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.

Additional Information
Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339