TORONTO, Nov. 15, 2007 (PRIME NEWSWIRE) -- Perfisans Holdings Inc. (OTCBB:PFHD), a next-generation semiconductor design house focused on the high-speed wireless communication and consumer semiconductor markets, today announced that it has updated the merger with Tiffany Technology Ltd. with the release of the business summary for the company.
After signing the MOU to merge with Tiffany Technology Limited, a major channel distributor focused on consumer semiconductor components and supply for the growing demand within Chinese markets, Perfisans set up a Shenzhen office to provide local support.
In addition, Perfisans recently announced the change of the company name to Aspire International Inc. to reflect the new globalization business plan of the company.
Tiffany Technology currently participates in the market of semiconductor component distribution sales for mobile phones, PDA, MP3, GPS and various handheld products, with the focus in the Chinese market first, and has the vision to go global.
The world market for semiconductor chips was estimated at $274 billion in 2006, and is expected to grow at a compound annual growth rate (CAGR) of 7.5% to $356 billion by 2011. China Mobile added a record 14 million users in the fourth quarter 2006, according to March 2007 reports from Bloomberg & China Digital Times.net. The latest statistics from China's Ministry of Information Industry shows that by the end of July 2007, there were more than 880 million telephone users in China, including 372 million fixed-line phone users and 508 million mobile phone users.
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 (www.amd.com), IBM (www.ibm.com), and Motorola (www.motorola.com) 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.
About Tiffany Technology Limited
Tiffany Technology Ltd. was founded by Tiffany Kwok on August 2005 with headquarters in Hong Kong. Tiffany Technology Ltd. is an electronics semiconductor component channel company that focuses on sales and marketing and delivers high quality services to the customers in mainland China and Asia Pacific region.
The Company's mission is to provide superior services, fast turn around time, fast shipment, and a rich portfolio of products to the manufacturers.
More information can be obtained from the Company's web site at www.tiffanytech.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.