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Pervasip pursues acquisition of IT firm

September 15, 2010

Pervasip Corp. (OTCBB: PVSP.OB) signed a letter of intent to acquire Infiniti Systems Group, a Brecksville OH-based IT solutions and staffing firm. Infiniti has annual revenue of more than $3 million.

The companies are working to complete a purchase agreement and closing of the deal is subject to conditions that include an audit by an independent registered public accounting firm.

Pervasip, based in White Plains NY, provides wholesale Voice Over Internet Protocol and smartphone applications.