Breaking News At The Close Wednesday October 6th, 2004
Perfisans Networks Corporation OTCBB: PFNH
Revenues Three Months Ended June 30,2004: 696,504 USD
Revenues Six Months Ended June 30,2004: 1,032,322 USD
Source: 10-Q August 16, 2004
How will the Stock React Tomorrow to Today's News? A Large PR Campaign Apprising Potential Investors of This Development is Underway Starting Wednesday Evening. This announcement Will Hopefully be Seen By Thousands and Thousands of Potential Investors Wednesday Evening and Into Thursday. If you think PFNH is a mover and will go higher, you may not want to wait until it's too late as Timing is So Important.
Press Release Source: Perfisans Networks Corporation
Perfisans Networks Announces OEM Supply Agreement of Network Acceleration Chips to Leading Manufacturer of Industrial and Military Equipment Wednesday October 6, 4:01 pm ET Kelytech Corporation Will Integrate Perfisans' Cutting-Edge Ethernet Chips into Wide Range of High-Performance Products.
LOS ANGELES BUSINESS WIRE. Oct. 6, 2004. Perfisans Networks Corp., OTCBB:PFNH, a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet market, today announced the finalization of an OEM supply agreement with Kelytech Corporation. The agreement will put Perfisans' technology into high-performance equipment Kelytech designs for military, medical and industrial applications, significantly enhancing the penetration of Perfisans' products into several major industrial markets.
Kelytech, based in Milpitas, CA, is a leading design-capable contract manufacturer and supplier of high-end, high-performance military and industrial equipment. The Company designs a variety of products that require optimum network throughput speeds, including telecommunications systems, CCTV surveillance systems, medical equipment and military grade products.
Kelytech will integrate Perfisans' Gigabit ENA1001 Ethernet accelerator chip into several of its product designs.
"This is a major step forward in our industrial market segment," said Steve Gormley, vice president of Perfisans. "As one of the major suppliers of high performance special equipment, Kelytech Corporation has substantial expertise and business relationships in place with several critical markets that can benefit from our products, such as defense, communications, industrial and medical equipment. By integrating our gigabit TCP Offload Engine network acceleration solutions into their products, Kelytech can provide a cost-effective yet high-performance and reliable solution to their customers."
Mr. Gormley added: "This supply agreement with Kelytech comes just days after we signed an OEM supply agreement and design win with DBL Technology Co. Ltd., which will use our chips in their Voice-over-IP products. These agreements demonstrate the power and flexibility of Perfisans' proprietary network acceleration solution."
About Kelytech Corp.
Kelytech is an electronic and mechanical assembler specializing in industrial, medical, telecommunication and military equipment. The company offers both turn-key and consignment assembly solutions for printed circuit boards, chassis, cable/harnessing and magnetic products. The company is based in Milpitas, CA.
About Perfisans Holdings Inc.
Founded in 2001, Perfisans Holdings, Inc. is an emerging ASIC design house 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 systems. Rapidly being recognized by industry leaders for its innovative network interface products, the Company's technologies have applications in telecommunication, data communication, storage networks, content delivery networks, broadband networks and rich streaming media.
Perfisans' proprietary chip technology is fully standards-compliant, and provides high efficiency, high-quality network connections for both business and home applications. The Perfisans' ENA1001 can efficiently process protocols such as IP and TCP, and its high-speed protocol-processing capabilities - 10 times faster than typical 100M-bit networks - can vastly improve the efficiency of the network. The ENA1001 network interface chip employs Perfisans' proprietary TCP offload engine (TOE), providing highly efficient network throughput, to enable high-performance networks for a wide range of applications.
Good Luck and Succesful Trading!
This press release contains statements relating to future results of Perfisans, including certain projections and business trends, that are future 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 future looking statements are made only as of the date hereof, and the company undertakes no requirement to update or revise the future looking statements, whether as a result of new information, future events or otherwise.
Information within this publication contains future looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be future looking statements. Future looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Future looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands or that by statements indicating certain actions may, could, or might occur. As with many microcap stocks, todays company has additional risk factors worth noting.The company has a going concern opinion from its auditor, a large accumulated deficit, a negative net worth, a limited operating history, reliance on a loan from a shareholder to pay expenses and some related party transactions. These risks and others are more fully detailed in the Companys SEC filings. We strongly urge you to review them before you invest. The Publisher of this newsletter does not represent that the information contained in this message states all material facts or does not omit a material fact necessary to make the statements therein not misleading. Read the compay's SEC filings before you invest. All information provided within this publication pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The Publisher of this newsletter advises all readers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this publication. None of the material within this report shall be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can lose all your money by investing in this stock. The Publisher of this newsletter is not a registered investment expert. Subscribers should not view information herein as legal, tax, accounting or investment advice. Any reference to past performances of companies are specially selected to be referenced based on the favorable performance of these companies. You would need perfect timing to acheive the results in the examples given. There can be no assurance of that happening. Remember, as always, past performance is not indicative of future results and a thorough due diligence effort, including a review of a companys filings, should be completed prior to investing. In compliance with the Securities Act of 1933, Section17b, the Publisher of this newsletter discloses the receipt of ten thousand dollars from a third party, not an officer, director or affiliate shareholder of the company for the circulation of this report. Be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid publication and is not without bias. All factual information in this report was gathered from public sources, including but not limited to Company Websites, SEC filings and Company Press Releases. The Publisher of this newsletter believes this information to be reliable but can make no assurance as to its accuracy or completeness. Use of the material within this publication constitutes your acceptance of these terms.
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