SOURCE: Perfisans Holdings

November 29, 2005 13:37 ET

Perfisans Holdings (PFNH) Set for Short Squeeze

Approximately 1.64 Million Shares Shorted in 2005 According to Buyins.net Research Report

LOS ANGELES, CA -- (MARKET WIRE) -- November 29, 2005 -- Buyins.net has initiated coverage of Perfisans Holdings (OTC BB: PFNH) after releasing the latest short sale data through November 25th, 2005. From January through late November of this year, approximately 21,310,263 total aggregate shares of PFNH have traded for a total dollar value of nearly $5.38 million. The total aggregate number of shares shorted in 2005 is approximately 1,640,890 shares. The PFNH SqueezeTrigger price of $0.25 is the volume weighted average short price that all shorts are short shares of PFNH. The first of several short squeezes is expected to begin at $0.114 cents where approximately 268,514 shares have been shorted.

Month          Total Volume    Short Volume     Avg. Price     Short Dollar
                                                                   Value
                ----------      ----------      ----------      ----------
January          1,517,139         116,819      $    0.405      $   47,311
February         1,179,822          90,846      $    0.372      $   33,840
March            1,498,475         115,382      $    0.452      $   52,210
April              371,467          28,602      $    0.382      $   10,940
May                680,945          52,432      $    0.319      $   16,762
June             2,395,236         184,440      $     0.29      $   53,487
July             2,013,112         155,009      $     0.24      $   37,202
August           2,083,350         160,417      $    0.275      $   44,114
September        3,588,393         276,306      $    0.202      $   55,952
October          2,495,033         192,117      $    0.167      $   32,083
November         3,487,201         268,514      $    0.114      $   30,744

Total:          21,310,263       1,640,890      $     0.25      $  414,651

*   short volume is approximated using a proprietary algorithm
**  average short price is calculated using a volume weighted average short
    price.
*** short volume is the total short trade volume and does not account for
    covers.


                  PFHN On OTC Naked Short Threshold List

                  On List         Off List        # Days

                  October 11th    October 12th         2

Perfisans Holdings has been on the OTC Naked Short Threshold list once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

About Perfisans Holdings

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.

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