SOURCE: Pervasip Corp.

February 21, 2008 09:32 ET

Pervasip Corp. Announces New Ticker Symbol

WHITE PLAINS, NY--(Marketwire - February 21, 2008) - Pervasip Corp. (OTCBB: PVSP), formerly known as eLEC Communication Corp. (OTCBB: ELEC), today announced the change of the ticker symbol under which its common stock trades on NASDAQ's "Over-the-Counter" Bulletin Board to PVSP.

"We are very excited with the progress we have made with our IP telephony solution and we intend to be among the most pervasive IP carriers on the Internet," noted Paul Riss, Pervasip's CEO. "Our former ticker symbol of ELEC implied that we were a local exchange carrier because it contained the letters "LEC." In the past year we sold our local exchange carriers and our new ticker, PVSP, symbolizes our strategy and vision for the future -- that of a global network for IP-based services. Our managed packet network allows us to combine the reliability of the legacy circuit-switched network with the efficiency of packet technology. As a global IP carrier, we now utilize efficient interconnection and superior compression technology to ensure the high voice quality level that consumers expect on their telephone calls."

About The Company

The Company, headquartered in White Plains, N.Y., is taking advantage of the convergence of the technological and regulatory developments of the Internet and telecommunications markets. Pervasip provides an integrated suite of IP-based communications services and, through its wholly owned subsidiary VoX Communications, offers wholesale broadband voice, origination and termination services for cable operators, carriers, ISPs, CLECs, resellers and other wireless and wireline operators, as well as enhanced VoIP telephone service to the small business and residential marketplace.

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Forward-Looking Statement

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • For more information, please contact:

    Paul H Riss
    Pervasip Corp.
    Email Contact