Summary of Recent Accomplishments:

• Quarterly revenues up 121% compared to prior year
• March 2008 revenue up 37% compared to February 2008 revenue
• Monthly billing now in excess of $290,000
• Nine new accounts added in the quarter and seven additional accounts added in March 2008
• 25 new customer prospects began testing services in the quarter, and 16 more in March 2008 alone
• Launched Linksys 8-port ATA to serve the small business market segment
• Moved VoX Communications to new facility in Orlando

Pervasip Corp., an IP-based communications service provider, announced the results of its operations for the first quarter ended February 29, 2008.

Pervasip's CEO, Paul Riss, noted, "We believe we have a very viable wholesale solution that is driving our revenue growth. The quality and scalability of our digital telephone service continues to be attractive to major broadband carriers. We are especially proud to say that we have two of the top ten cable carriers in test now, as they search for a SIP-based solution that will reach areas of their footprint that packet cable telephony cannot serve."

"We believe 2008 will be a significant year for us," continued Riss. "We are off to a great start, and we did not want to take on too many new projects until we moved the offices of VoX Communications, our IP telephony subsidiary, to Orlando. The move was completed at the end of March, and during that month, we added seven new accounts and placed 16 potential wholesale accounts on our trial platform. With the move behind us, we look forward to providing additional IP telephony products to our customers, similar to our recent introduction of the Linksys 8-port ATA."

Pervasip reported revenues of $430,704 for the quarter ended February 29, 2008, an increase of $235,587, or 121%, over revenues of $195,117 for the quarter ended February 28, 2007. Revenues for the quarter ended February 2008 exceeded the revenues of $322,123 for the quarter ended November 30, 2007, by $108,581 or 34%. On a monthly basis, Pervasip recorded revenues of approximately $210,000 in February 2008, an increase of approximately $85,000, or 67%, over January 2008 revenues, and recorded revenues of approximately $290,000 in March 2008, an increase of approximately $78,000, or 37%, over February 2008 revenues.

Pervasip reported a loss from operations for the quarter ended February 29, 2008 of $843,580, an improvement of $26,989 over the loss from operations of $870,569 for the quarter ended February 28, 2007. The Company reported a net loss for the quarter ended February 29, 2008 of $3,790,201, or ($.15) per share, as compared to the net loss for the quarter ended February 28, 2007 of $2,011,914, or ($.09) per share. A non-cash item for the mark-to-market accounting treatment of warrant liabilities constituted $2,714,096 and $960,222 of the net loss in the quarters ended February 29, 2008 and February 28, 2007, respectively.

For additional disclosure regarding Pervasip's operating results, refer to Pervasip's Quarterly Report on Form 10-QSB, which has been filed with the Securities and Exchange Commission.

About Pervasip

Pervasip Corp. provides an integrated suite of IP-based communications services and offers wholesale broadband voice, origination and termination services, as well as enhanced digital telephone service to the small business and residential marketplace. For more information, visit www.voxcorp.net and www.pervasip.com.

This release contains forward-looking statements that involve risks and uncertainties. Pervasip's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in Pervasip's Annual Report on Form 10-KSB for the year ended November 30, 2007 and any subsequent SEC filings.

Contact:

For more information, please contact:

Paul Riss
Chief Executive Officer
Pervasip Corp.
914.682.0214
phriss@pervasip.com