TORONTO, Nov. 20, 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 the receipt of a cellular phone order from China valued at US$100,000.
Perfisans is in the process of merging with Tiffany Technology Ltd., a major channel distributor focused on consumer semiconductor components and supply to the ever-increasing electronics markets in China and worldwide. Perfisans recently announced change of the company name to Aspire International Inc. to reflect the new globalization business plan of the company.
Perfisans has formed an implementation team in China to develop cellular phone solutions based on the Company's in-depth engineering knowledge and expertise. The cellular phone solution released recently to the market has enabled Tiffany Technology Ltd. to secure a US$4 million contract. Assembly line production for the cell phone designs will start after customer-focused quality assurance testing for software and hardware engineering is complete.
The rapid growth of the cellular phone market is especially evident in China where new cellular subscriptions have surpassed fixed telephone lines. The ability to adapt to the rapidly changing market and to roll out new products quickly will be a high priority for Perfisans in this endeavor.
About Perfisans Holdings, Inc.
Founded in 2001, Perfisans Holdings, Inc. 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 semiconductor market demand. The Company's technologies have applications in data-telecommunication, storage networks, content delivery networks, broadband networks, rich streaming media, broadband wireless and wireless surveillance and cellular phone applications.
More information can be obtained from the Company's web site at www.perfisans.com.
About Tiffany Technology, Ltd.
Tiffany Technology Ltd., a Hong Kong corporation founded in August 2005, is an electronics product channel distribution company that focuses on sales and marketing of the fashionable consumer electronics products and delivers high-quality services to customers in mainland China and the Asia Pacific region.
The Company's mission is to provide superior services, fast turnaround time, fast shipment, and a rich portfolio of products for 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.
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