Perfisans Holdings Inc.
OTC Bulletin Board : PFNH

Perfisans Holdings Inc.

August 25, 2005 07:00 ET

Perfisans Announces A Channel Partner Program With I.T. Global Solutions

LOS ANGELES, CALIFORNIA--(CCNMatthews - Aug. 25, 2005) -

Perfisans gears up its distribution channels

Perfisans Networks Corp. (OTCBB:PFNH), a next-generation fabless semiconductor company focused on the burgeoning Gigabit Ethernet market, announced today it will partner with IT Global Solutions (ITGS) www.itglobalsolutions.com to distribute the Gigabit Ethernet products in the US and India.

IT Global will partner with Perfisans to distribute Gigabit Ethernet Adaptor products powered by Perfisans ENA1001 Ethernet Accelerator Application Specific Integrated Circuit (ASIC). IT Global will establish sales of Perfisans products through their wholesale channels and system integrator solution customers in North America as well as the ever-growing India market.

"We are extremely fortunate to have a company of IT Global Solutions (ITGS) caliber join our Perfisans' Elite Program" said To-Hon Lam, CEO of Perfisans. ITGS recognizes the importance and benefits of being part of a successful sales and technical training program in order for successful sell through. As such, Perfisans will be ready to provide extensive field application, engineering, and production-ready design support. The partnering with IT Global Solutions will expand Perfisans' distribution capabilities to new markets and ultimately resulting in increased bottom line revenues".

"We are very excited to partner with Perfisans and in integrating their products into our solutions", said Sudesh Kumar, CEO of IT Global Solutions Inc. "The product has great price performance mix with excellent engineering support. Through this partnership arrangement, IT Global will also benefit from Perfisans' extensive marketing channels in China."

I.T. Global Solutions has very strong sales channels in North America and India. They currently sell various networks products, such as Servers, Switches, Streaming Media, KVM Switches and Wireless. Perfisans' Gigabit product line will provide added value to the company's sales of network products as well as being integrated into a complete cost effective solution.

ABOUT I.T. GLOBAL SOLUTIONS INC.

I.T. Global Solutions Inc. is a Network Consulting, Systems Integration and Internet Access/ISP solution company. They design and deploy LAN/WAN, Wireless Network and Internetworking solutions. This can range from small departmental LANs to complex multi-protocol, multi-vending, heterogeneous enterprise wide Global-Area-Networks. ITGS has many world class network solution partners, such as Proxim Corporation, D-Link, Pronto Networks and BelAir. ITGS is the major solution provider in WiMax technology and has many successful projects including the latest Hot-Zone project in Mumbai, India.

ABOUT PERFISANS HOLDINGS INC.

Founded in 2001, Perfisans Holdings, Inc. is an emerging fabless semiconductor company focused on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next generation network interface systems. Rapidly being recognized and endorsed by industry leaders for its innovative ASIC architectures, the Company's technologies have applications in data-telecommunication, storage networks, content delivery networks, broadband networks, and rich streaming media.

Commercial and private network systems that utilize Perfisans' true gigabit Ethernet accelerator products reward their operators with significantly faster network data throughput speeds, increased day-to-day operating efficiencies and enhanced bottom line performance. Enterprise operators also welcome Perfisans' full standards compliance and backward compatibility that makes possible significant systems performance upgrades to existing network systems at very low cost, by avoiding the necessity for operators to buy expensive additional equipment. In addition, Perfisans' unique, modular, micro-engine ASIC architectures yield industry leading performance in very small chip sizes, which bear low manufacturing costs. By contrast, leading competitive vendors have opted for over-kill, CPU intensive chip designs which deliver sub-par performance in costly, large chip sizes.

More information can be obtained from the Company's web site at www.perfisans.com.

Cautionary Statement

This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.


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