Ex-99.1


Perfisans Holdings Inc. Closes Acquisition of Perfisans Networks Corporation



TORONTO--(BUSINESS       WIRE)--Dec.      22,      2003--Perfisans      Holdings
Inc.(NASDAQ-OTCBB:PFNH)      (PFNH.OB)     formerly     Griffin      Industries,
Inc.(NASDAQ-OTCBB:PFNH)  today  announced  that it closed on the  acquisition of
Perfisans  Networks   Corporation,   whereby  Perfisans  became  a  wholly-owned
subsidiary of Perfisans Holdings. Perfisans is a semiconductor company providing
chip  solutions to the  networking  and storage  industry.  Its chips will allow
computer  manufacturers  to quickly and effectively  provide higher  performance
than what is available in the market today.  At the same time,  Perfisans  chips
will also  provide a  significantly  lower  cost  solution  to their  customers.
Pursuant to the  acquisition,  Griffin  changed its name to  Perfisans  Holdings
Inc.(NASDAQ-OTCBB:PFNH)  Details  of the  acquisition  will  be  disclosed  in a
pending 8-K to be filed with the SEC, within the regulatory time period.

Perfisans  is  rapidly   establishing  its  name  in  the  Application  Specific
Integrated Circuit (ASIC)  semiconductor  industry.  Perfisans solutions provide
cost   effective,   high   performance   network  chips  and  storage  chips  to
manufacturers  in the dynamic high growth computer  industry.  Perfisans will be
the first company to bring an expensive  enterprise  Gigabit  Ethernet  solution
with TCP offload  engine (TOE)  implementation  at average  consumer  affordable
pricing.  Perfisans  TOE  technology  addresses the  ever-increasing  networking
bottleneck by offering both  increased  network  performance  and the ability to
offload processing  network protocol.  Perfisans plans to launch its TOE network
chip in Q1 2004.  Current  discussions with  manufacturers  are also underway to
complete sales agreements for this product in the first half of 2004.

To-Hon Lam, current CEO of Perfisans  states,  "This merger will allow Perfisans
to increase  its  visibility  to the  investment  and  commercial  marketplaces.
Through this merger,  Perfisans  intends to raise  awareness of its product line
among the  investment  community  and of the rapidly  growing  potential  of the
networking and storage  semi-conductor  industry.  The merger opens the door for
Perfisans  to explore  new  opportunities  in the public  investment  market and
expands its position in the rapidly growing field worldwide."

About Perfisans Networks Corporation

Perfisans  Networks  Corporation is an advanced ASIC design house focused on new
generation  networks  and storage  chips.  Perfisans  Networks  Corporation  was
founded in 2001 and is  quickly  being  recognized  as an  innovator  in network
interface products. More information can be obtained from the company's web site
located at www.perfisans.com.

Certain  statements in this  document  constitute  "forward-looking  statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other factors,  which may cause the actual results,  performance or achievements
of Perfisans Networks  Corporation ("the Company"),  or industry results,  to be
materially  difference  from any future  results,  performance,  or achievements
expressed or implied by such  forward-looking  statements.  The Company's future
operating results are dependent upon many factors,  including but not limited to
the Company's ability to: (i) obtain sufficient  capital or a strategic business
arrangement  to  fund  its  plan of  operations  when  needed;  (ii)  build  the
management  and human  resources  and  infrastructure  necessary  to support the
growth of its business;  (iii) competitive  factors and developments  beyond the
Company's  control;  and (iv)  other risk  factors  discussed  in the  Company's
periodic filings with the Securities and Exchange Commission which are available
for review at www.sec.gov under "Search for Company Filings".


    CONTACT: Perfisans Networks Corporation
             Alpha Pang, Investors Relations, 905-943-9996, Ext:230
             email: alpha@perfisans.com

    SOURCE: Perfisans Networks Corporation