VoX Communications Welcomes NeoMagic as a Marketing Partner to Offer Ojo Video Phone Service

WHITE PLAINS, N.Y., Aug. 31, 2011 /PRNewswire/ -- Pervasip Corp. (OTCQB:PVSP) announced that its wholly owned subsidiary, VoX Communications, a leading provider of wholesale Voice over Internet Protocol (VoIP) cloud-based telephony solutions, has signed an agreement with NeoMagic Corporation (NMGC.PK) to offer VoX Communications' digital phone and video service.

Pervasip's Chief Information Officer, Mark Richards, noted, "We are very pleased to be working with NeoMagic as they roll out our video product to their customers. NeoMagic is very familiar with the Ojo Vision video phone. NeoMagic was one of the original companies to sign up with Worldgate Communications.  Worldgate had initially offered video phone services and the Ojo Vision phone direct to resellers and consumers prior to changing their business model to OEM partners for the phone only. VoX has been very grateful for the leads offered by Worldgate and is looking forward to helping NeoMagic market the incredible Ojo Vision."

"We look forward to working with VoX Communications," said Syed Zaidi, NeoMagic Corporation's President and Chief Executive Officer. "VoIP services are becoming more pervasive in the business communications landscape and the consumer market, which has created good business opportunities for VoX Communications. We are pleased about the prospect to work with VoX Communications in promoting their digital phone and video service."

About Pervasip

Pervasip delivers video and VoIP telephone services for the residential and small business markets. Pervasip differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems. It recently entered the mobile VoIP services and applications arena, which is expected to approach 300 million users by 2013. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services. For more information, please visit www.voxcorp.net.

About NeoMagic

NeoMagic designs and delivers consumer electronic device solutions with semiconductors and software offering exciting new product functionality for Video, TV, Imaging, Graphics, and Audio. NeoMagic provides low cost, innovative multimedia chip technology for tomorrow's entertainment and communication needs. Our capabilities give our partners and their customers' high quality answers to excite and enhance the consumer's lifestyle. For more information, visit www.neomagic.com

The information contained herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as provided for by law.

Paul H. Riss
Ph:  212-404-7633

SOURCE Pervasip Corp.

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