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.
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:
Paul H. Riss
Chief Executive Officer
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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