Polaris International Holdings, Inc. (Pink Sheets: PIHN), a global IT
outsourcing services company with a U.S.-Japan dual market base,
announced today that the company has completed acquisition of Staff IS’
IT, based out of Tokyo, Japan
Kuni Misawa, President and CEO of Polaris International Holdings, Inc.,
said, "This marks what is the beginning of a global strategy for Polaris
International Holdings, Inc. With the acquisition of Staff IS’ IT
business now completed, we have made our first step in our global
expansion. Our strategy calls for additional acquisitions in Asia and
the U.S. There are several companies in the United States that we are
considering right now that may significantly add to our IT outsourcing
solutions. The extended economic downturn worldwide is impacting company
decisions for IT solutions and outsourcing is clearly becoming the only
viable solution for many small and Mid-Cap companies. Polaris
International Holdings' consistent and high quality service for IT
solutions is now available for companies that participate in the global
economy and we anticipate a steady growth cycle beginning with the first
quarter of 2010.”
We have now activated a “Registration for Updates” module on our
website. Please visit www.polaris-int.com
and register to receive periodic updates
About Staff IS’ Network Infrastructure:
Staff IS Co., Ltd.’s Network Infrastructure Business Division was
established in 2001. Staff IS’ Network Infrastructure’s primary business
is the installation of integrated wiring systems. Their business
includes ‘Move and Change.’ ‘Move and Change’ is IT equipment
relocation services that usually result from organizational changes that
occur in the office environment
For its twelve months ended June 30, 2009, Staff IS’ Network
Infrastructure operation had sales of approx. $3,115,789 and earnings of
approx. $273,684 EBITDA for June 30, 2009. www.staffis.co.jp
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 the technology, media, entertainment and
investment industries. POLARIS, with both a U.S. and Japanese 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 that will
significantly expand its territory from Japan to include the 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 from the expected
results
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