MARKHAM, Ontario, Sept. 11, 2007 (PRIME NEWSWIRE) -- Perfisans Holdings Inc. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning high-speed wireless communication and consumer electronics markets, today announced that it has set up an office in Shenzhen, China where the majority of the world-class semiconductor distributors are located.
This move to Shenzen, China coincides with the Company's strategic transition from a focus on technology to business over the past year. This strategic move will enable PFNH to access the semiconductor distribution network in China more directly and effectively in order to enhance the Company's market exposure. Additionally, this move will position the Company to garner stronger and tighter partnerships with consumer electronics industry players.
Shenzhen, located in the Southern part of China, known as the backyard of Hong Kong, is one of the fastest growing special economics zones. It currently has the largest number of electronic product manufacturers and suppliers in China. Shenzhen is also the key semiconductor component distribution outlet in China.
ABOUT PERFISANS HOLDINGS INC.
Founded in 2001, Perfisans Holdings, Inc. (www.perfisans.com) is headquartered in the high-tech zone of Markham, Ontario, Canada, where companies such as AMD, IBM and Motorola are located.
Perfisans is a 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, rich streaming media, broadband wireless and wireless surveillance applications.
Commercial and private network systems that utilize Perfisans' products reward their operators with significantly faster network data throughput speeds, increased day-to-day operating efficiencies and enhanced bottom line performance. Enterprise operators welcome Perfisans' full standards compliance and backward compatibility, which makes significant systems performance upgrades to existing network systems possible, and at very low cost. By avoiding the necessity for operators to buy expensive additional equipment, Perfisans' technology allows its users to streamline cost, ultimately affecting their bottom line.
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.