Polaris International Holdings, Inc. Signs New Deal
19 Apr, 2011, 05:45 ET
LOS ANGELES, April 19, 2011 /PRNewswire/ -- Polaris International Holdings, Inc. (OTCPK: PIHN), a global IT outsourcing services company with a U.S.-Japan dual market base today announced that in Japan, Staff IS is busy with new contracts for headquarter relocations to Western Japan from several foreign-affiliated customers. These contracts are in addition to our securing more new business as a result of our revitalized Business Continuity Planning.
"We have also just received an order to install our custom Internet Phone system into the Distribution Center of one of our Global Fortune 500 clients. Installation of our IP system into their additional 20 retail stores will be followed. Their stated reason is that, following the earthquake, our IP based system was not affected by the earthquake and tsunami disaster whereas their landlines were totally disabled. Our success with this company has led to numerous additional inquires about our system and BCP from both existing and new customers." says Kuni Misawa, CEO/President of Polaris international holdings, Inc. "Regarding the previously announced targeted acquisition, it's taking the extra time to complete the due diligence on our acquisition target. While this acquisition is necessarily complex, we are satisfied with progress to date and can assure our shareholders progress continues without any new inordinate delays."
About Polaris International Holdings, Inc.:
Polaris International Holdings, Inc., a Delaware corporation with offices in Huntington Beach and Los Angeles, California and in Tokyo, Japan is in the business of supplying services for Network Infrastructure, ASP and Cloud Computing Solutions. Its management team is composed of seasoned international business professionals with over 60 years of expertise in technology, media, entertainment and investment industries. POLARIS with both a U.S. and Japan market base is well positioned for the global evolution occurring in IT services and is meeting this evolution with its progressive collection of 'Cloud Solutions and Services' for its corporate Fortune 100 clients. POLARIS' near term plan is to build out its 'Global IT Services' through acquisitions and/or strategic partnerships. The Company is currently engaged in due diligence with several international businesses which, if successfully completed, will significantly expand its territory from Japan to include other rapidly growing Asian markets and North American markets. www.polaris-int.com
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially form the expected results.
SOURCE Polaris International Holdings, Inc.
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