Perfisans Holdings Initiated With 'Speculative / 3' Rating By Investrend Analyst Stephanie Loiacono, CFA


NEW YORK, Oct. 14, 2004 (PRIMEZONE) -- (Investrend Research Syndicate) Perfisans Holdings, Inc. (OTCBB:PFNH). Benchmark research coverage has been initiated at "Speculative / 3" by Investrend Research analyst Stephanie Loiacono, CFA.

Loiacono said the Perfisans target market is the $1 billion potential in NIC chips and iSCSI (Internet Small Computer Systems Interface) chips aimed at the small enterprise and small home office and consumer market, where the major players are Broadcom (Nasdaq:BRCM), Intel (Nasdaq:INTC) and Adaptec (Nasdaq:ADPT).

"By focusing on this niche segment of the marketplace, the company is better able to distinguish its products and attract OEM partnerships. If Perfisans is successful in seizing market share, the potential appears great," she said.

"The Company believes its quick turn around time and speed to market makes it more nimble. We see early signs that the Company's business plan is being executed as expected. We are also positively influenced by the Company's first product launch, which took place on time, which generated a sales order on time, and for which purchase orders are still being negotiated.

"Typical of start-ups, cash adequacy is a problem. Perfisans currently estimates cash needs at $10 million over the next 12 months. Approximately $4 million has been secured from two investors. The Company must ramp up sales quickly and sell securities to cover the additional $6 million. Sales orders have materialized in early October 2004, exactly when management said they would. The Company estimates sales will reach $8 million over the next 12 months. We believe the Company has the right ingredients to achieve an edge in speed-to-market and capturing customers; however, at this early stage of development, there is limited financial proof of competitive advantage."

The complete report is at http://www.investrendresearch.com.

The company is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide financial coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for Benchmark coverage are $19,800, and the fees were paid by Trilogy Capital Partners, the company's investor relations agency. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor employees of Investrend Research may own or trade in the stocks of a company under coverage.

The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asp?level=238 .

Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes , and investors are advised to read the disclosures carefully before trading in the equities of any enrolled company.

Anyone interested in receiving alerts regarding Perfisans research should email contact@investrend.com with "PFNH" in the subject line.


            

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