Polaris International Holdings, Inc. Completes Acquisition of Staff IS’ IT Business - First Global Expansion
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--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.
For all registered representatives interested in joining Microcap Management's free lead generation program, please visit www.microcapmanagement.com and click the tab registered representative to opt-in and to receive free investor leads.
To view full disclosure and disclaimer, please visit the Microcap Management, LLC home page at www.microcapmanagement.com.
For all Inquiries: Please contact a Managing Member of Microcap Management, LLC at 2004 A West 120th Avenue, Westminster, CO 80234; Phone: (303) 465-2388; Fax: (303) 465-2507; Website: www.microcapmanagement.com