Pervasip Initiates Buyout of Convertible Debt Instrument and Converts Other Debt at Above Market Rates

WHITE PLAINS, N.Y., June 21, 2011 /PRNewswire/ -- Pervasip Corp. (OTCQB: PVSP), a provider of Voice over Internet Protocol (VoIP) telephone services, today announced that it has sent notice to an investor to buy out a convertible debt instrument, which allows the investor to convert approximately $1

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