MARKHAM, Ontario, Feb. 20, 2007 (PRIME NEWSWIRE) -- Perfisans Holdings Inc. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet and Wireless Broadband Access (WBA) market, announced today that it has appointed the Silicon Valley's former mayor of Milpitas, Mr. Henry Chang Manayan, Esq., California, USA to be the Advisor of the Company.
"The appointment of Mr. Manayan expands the reach of Perfisans' business relationships within Silicon Valley and serves to bolster the Company's Silicon Valley presence. With Perfisans corporate focus shifting from technology-research and development to business development, we believe Mr. Manayan's appointment helps better position Perfisans to gain industry exposure and greater traction in the data communication markets," said Mr. Bok Wong, CEO of Perfisans. "We are very pleased to have Mr. Manayan join the Company as our advisor. We believe his international investment banking experience will help Perfisans in the public market."
ABOUT HENRY CHANG MANAYAN
Henry Chang Manayan, Esq., was the former Mayor of the City of Milpitas, California, in America's renowned Silicon Valley, the capital of high technology. Mr. Manayan was born in New York. His father is Dr. Henry A. Manayan, a New York and Harvard-trained surgeon. His mother is the former Lorraine Chang, a nurse anesthetist and Nursing Home Administrator.
Mr. Manayan was educated at Syracuse University in New York, Oxford University in Great Britain, Santa Clara University School of Law in California, Golden Gate University Graduate School of Banking and Finance in San Francisco, the London Business School in England, and Harvard University in Massachusetts.
His professional career extends from real estate development to investment banking. Mr. Manayan is the President and CEO of The Transpacific Companies, LLC, a conglomeration of real estate and financial interests, with business in the United States and Asia.
Mr. Manayan started his career in public service as a community volunteer. He was first appointed to the City of Milpitas' Community Advisory Commission in 1988. Following, he received appointments to the City's Planning Commission, and the Mobile Home Rent Review Board, which he chaired. Mayor Manayan also received an appointment by the County Board of Supervisors to the Santa Clara County Transportation Commission.
In 1994, Mayor Manayan ran for his first elected position and won a seat on the Milpitas City Council. In 1996, he ran for the position of Mayor and won decisively. This established a historic first for Asian-Americans, as Mayor Manayan was the first directly-elected Mayor of Chinese or Filipino ancestry in the Continental United States. He ran again for re-election in 1998 and 2000 and won by landslides. In December 2002, due to term limits, Mayor Manayan completed his final term as Mayor on the Milpitas City Council.
Following elected office, Mr. Manayan returned to international investment banking. He is the President of U.S. Operations for Culturecom Holdings, Ltd., a venture firm listed on the Hong Kong Stock Exchange. Mr. Manayan is also the Chairman of ViaGold, Inc., an investment company listed on the Australian Stock Exchange.
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.
"Safe Harbor" 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.