Shares of Pervasip Corp. (OTCBB: PVSP) were up 40 percent from Monday’s closing price, on Tuesday after the company announced that its wholly-owned subsidiary, VoX Communications Corp. released a new Voice over IP (VoIP) application for Android®. Unlike other VoIP applications that require Wi-Fi, the Android application developed by Vox Communications, and Nimbuzz, also runs on 3G networks. Pervasip is a partner in Nimbuzz’s SIP Premium Affiliate Partner Program that was established to enable 3rd party SIP technology providers, like Pervasip, to offer their services across the Nimbuzz open, universal communications platform. “We are very excited to become the first US-based premier partner to integrate our cloud-based SIP mobile calling software with Nimbuzz,” said Pervasip’s Chief Information Officer, Mark Richards in a statement. “A smooth and easy download, people appreciate having a phone line from VoX, which gives them a second phone number, a second voice mail box and low-priced VoIP calling plans that run over both the 3G and WiFi data networks. We see reports of daily sales for approximately 200,000 Android phones.” Every Nimbuzz Android download will also feature the VoX logo as the second icon on the SIP providers list within the installed Nimbuzz application. Shares of Pervasip are down roughly 60 percent over the past three months.
Shares of SOHM, Inc. (Pink Sheets: SOHM) were up more than 42 percent from Monday’s closing price on Tuesday on volume 10,568,984. SOHM shares’ average three month trading volume is 165,398. The generic drug maker today announced the addition of six new generic pharmaceutical products targeting asthma and respiratory disease. “”The market for respiratory products in India is huge,” stated Shailesh Shah, Vice President for Corporate Strategy at SOHM, Inc. in a written statement. According to a recent news release, India’s respiratory drug market size is approximately $600 million annually. Shares of SOHM, Inc. are up about 9 percent over the past three months.