Perfisans Holdings Inc.
OTC Bulletin Board : PFNH

Perfisans Holdings Inc.

October 11, 2005 08:52 ET

Perfisans Strengthens Channel Partner Alliances In China

LOS ANGELES, CALIFORNIA--(CCNMatthews - Oct. 11, 2005) -

Perfisans poised to penetrate the Chinese market with its Gigabit Ethernet Adaptor Chip

Perfisans Networks Corp. (OTCBB:PFNH), a next-generation fabless semiconductor company focused on the burgeoning Gigabit Ethernet market, announces today a significant channel partnership with Shenyang Xianfeng Jisuanji Gongcheng Company Limited, (also known as "IT Pioneer") http://www.it-pioneer.com, to distribute Perfisans Gigabit Ethernet products in the China market.

IT Pioneer has entered into a channel partnership agreement with Perfisans to distribute its Gigabit Ethernet Adaptor products powered by Perfisans' ENA1001 Ethernet Accelerator Application Specific Integrated Circuit (ASIC). IT Pioneer will focus on establishing sales of Perfisans' products through their wholesale channels and system integrator solution customers.

IT Pioneer recognizes that there are increased demands for Gigabit Ethernet products. As such, after several months of product evaluation and compatibility testing with numerous computer motherboards, IT Pioneer rated Perfisans' Ethernet Adaptor Card; "'Best of its class' with the best mix of costs and performance amongst all adaptor cards in its category," explained To-Hon Lam, CEO of Perfisans. "IT Pioneer set up evaluation tests in their own laboratory and found that Perfisans' Ethernet Adaptor boards significantly outperformed all of its competitors, beating out adaptor boards from noted company's such as Realtek and VIA. It is also important to note that in IT Pioneers' own test environment, they also found that Perfisans' board delivered faster and better results compared to that of Intel and 3Com adapter boards".

Liu Dong Mei, President and Chairman of IT Pioneer, adds: "We are always in search of better performance products for our customers but pricing is always a significant factor as well. The market in China is a very competitive environment. People today are not only looking for a good price but also demand high quality and performance. IT Pioneer has evaluated Perfisans' Gigabit Ethernet adaptor card for some time now, and tests show that it is a great product from both a price and performance standpoint. As such, we are confident that Perfisans' product line will generate significant revenues for us through our nationwide distribution channels."

ABOUT SHENYANG XIANFENG JISUANJI GONGCHENG CO. LTD. (LIAONING IT PIONEER)

Shenyang Xianfeng Jisuanji Gongcheng Co., Ltd. is a fully owned subsidiary of Liaoning Xianfeng Group Company. The Company is situated in Shengyang South Lake High Tech Industry Development Zone. It has achieved AAA credit level according to the credit rating system in China. The Company has grown very quickly since its inception and has formed an operation which integrates: system integration, technical support, software development, market operation and customer services together. The Company has ranked consistently among the top 100 IT companies in China reselling Hewlett-Packard (HP) and IBM system solutions. The Company's current revenues are over US$30M.

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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