Perfisans Holdings Inc.
OTC Bulletin Board : PFNH

Perfisans Holdings Inc.

August 08, 2005 09:00 ET

Perfisans Networks Releases Letter to Shareholders Updating its Business Developments for the Company

LOS ANGELES, CALIFORNIA--(CCNMatthews - Aug. 8, 2005) -

Gigabit Network Accelerator semiconductor company, Perfisans Networks very "up beat" about its 2005 Prospects

Perfisans Networks Corp. (OTCBB:PFNH), a next-generation fabless semiconductor company focused on the burgeoning Gigabit Ethernet market, releases today, its "Shareholder Update Letter" by its Chairman & CEO, "Mr. To Hon Lam".

Dear Fellow Shareholder,

2005 is turning out to be an exciting year for Perfisans. This letter will bring you up to date with respect to the Company's business and recent developments. In 2004, management focused on developing, refining, and beta testing the ENA1001 Gigabit Network Accelerator chip. A significant milestone was reached when internal tests show that our chip exceeds industrial gigabit transmit and receive data throughput and speed expectations, making Perfisans' chip a true gigabit Ethernet Accelerator in terms of both speed and performance. These results allow our product to stand above our competitors in performance while delivering a significant cost savings on price (in some cases as much as 70% lower than the price of any of its competitors).

In the first two quarters of 2005, Perfisans has made significant progress in the marketing and sales of the company's products as we continue to aggressively grow our business. The Company has successfully received blanket orders from DBL Technology Co. Ltd., eIDS Solutions (ASIA) Ltd., in China and Kelytech Corporation in the USA. Volume shipments of ENA1001 are scheduled to begin in the 3rd quarter of 2005, and the company expects to see revenue ramping upwards towards meeting its 2005 revenue projections of $8 million.

In June, the Company announced a partnership engagement with PC Partner for the manufacturing of its Gigabit Ethernet network interface cards (NIC). Immediately, PC Partner will produce several Network Interface Cards that Perfisans has slated for the market place. This includes the true Gigabit Ethernet single-port Network Interface Card (NIC) (part number ENA5031) incorporating the Perfisans ENA1001 chip. In another milestone event, the Company recently announced the network accelerator board order from Zhejiang Orient Fibersense Photonics Communication Company Limited (FSP). FSP expects to purchase a minimum $2.5 million worth of the network boards over the next twelve months.

According to IDC, OVUM Research, by 2008 over 90% of the computers manufactured will be equipped with gigabit network interface. Today, there are over one hundred million computers manufactured annually. This equates to a potential market for our chip of over one hundred million pieces: as our chips are positioned to be adaptable onto every motherboard shipped out by OEM's. We are now aggressively marketing our chips to network interface card manufacturers, motherboard manufacturers, and computer manufacturers and anticipate the signing of numerous orders before the year ends.

In addition to our current product lines, the Company is continuously engaged in further product development, thus always staying ahead of any potential competitor. Development is currently underway for the RDMA microchip technology, a PCI Express interface card, and a 10 Gigabit product. These products will carry the Company to the next level, ensuring we will always stay competitive for the future while showing the market place and the investment community alike that Perfisans has continued product flow and is not just dependant on initial product launches.

To our shareholders, customers, employees, and partners, we thank you for your continued confidence and support in our company, as we now turn the corner from a pure R&D company into a revenue generating operation: designing, producing and marketing leading edge products in the Gigabit Ethernet Accelerator products sector. We look forward to a very exciting 12 months ahead of us as we establish ourselves as the leading player in this sector.

Yours truly,

To-Hon Lam

Chairman and CEO

Perfisans Holdings Inc.

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 becoming 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, with low manufacturing costs. In 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; Perfisans' 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.

Contact Information

  • Perfisans Networks Corporation
    Alpha Pang
    Investor Relations
    888-847-6972, Ext. 264
    ir@perfisans.com
    or
    Aurelius Consulting Group
    Dave Gentry or Alex Lewis
    Bus: 407-644-4256, Ext. 104 / Mobile: 407-491-4498
    info@aurcg.com