Stock Symbol: PVSP
Pervasip Corp. (OTCBB: PVSP) delivers wholesale voice over IP (VoIP) telephone services for the residential and small business markets. In addition to being a leading provider of wholesale VoIP telephone services, it has become the first carrier to deploy an unlimited data and voice service plan on a smartphone in the United States. PVSP is turning telecom on its ear by carrying VoIP over the GSM network (or 3G network, as it is referred to in ads). PVSP is now selling smartphones with its unlimited U.S. voice and data services for only $69.95 a month and the lowest international rates in the mobile phone industry. It uses a nationwide GSM cell phone network for its VoIP, unlike other VoIP carriers that can only use the limited range of the WiFi network.
PVSP is a software-based company that employs high-level programmers to run its VoIP service. They are working on making the VoIP a downloadable application to a smartphone to increase the addressable market for its mobile VoIP product to include consumers who already have a smartphone and are not in the market to buy a new one.
Wireless technology has demanded some of the largest valuations in public company history. PVSP allows those that missed the landline VoIP revolution to participate in the next generation of high growth VoIP. With only a little over 20 million shares in the tradable float PVSP trades at a miniscule market cap in a world of billion dollar wireless carriers.
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