WHITE PLAINS, N.Y. – February 11, 2010 – Pervasip Corp. today announced that it has signed an agreement with its lender to cancel 159,052,573 warrants held by the lender upon receipt of $300,000 in equity financing from an investor group. The investor group signed a non-binding term sheet to provide an equity investment of $300,000 to Pervasip over a 120-day period on the condition that the lender's warrants were cancelled. read more