Polaris International Holdings, Inc. Engages Roccus Partners
Wednesday April 2, 8:05 am ET
TOKYO and LOS ANGELES, CA--(MARKET WIRE)--Apr 2, 2008 -- Polaris International Holdings, Inc. (http://www.polaris-int.com
) (Other OTC:PIHN.PK - News) (Polaris) announced today that it has engaged Roccus Partners, Inc., an Edgartown, MA-based firm that specializes in identifying growth capital for emerging growth companies.
Roccus Partners is a 17-year-old firm that has acted as finder in numerous financing transactions on behalf of both private and public companies.
According to Kuni Misawa, Polaris' CEO, "We are delighted to welcome Roccus Partners to the Polaris team. To be able to establish a relationship with such a respected organization, one with a tradition of facilitating shareholder-friendly capitalization strategies, confirms the quality of our business strategy and progress to date."
Commenting on the deal, Richard Berkley, President of Roccus Partners, said, "We view Polaris International Holdings as the prototypical emerging growth company. They possess a management team that is rich in experience and depth, and has built a sound business strategy. We are very impressed with the Company's progress to date as well as being optimistic about Polaris' future prospects going forward. We're equally enthusiastic about the prospects of a long-term relationship with the company."
About Polaris International Holdings, Inc.
Polaris International Holdings, Inc., a Delaware corporation with offices in Huntington Beach and Los Angeles, California and Tokyo, Japan, is a holding company of IT services and technology companies located in Japan. The Company plans to expand from its current territory of Japan to include the other rapidly growing Asian markets.
Polaris International Holdings has entered into an acquisition agreement with Polaris Technology, Inc., a privately held IT company in Japan, as well as a definitive agreement for the acquisition of Staff IS CO., Ltd's cabling division http://www.staffis.co.jp
IDC Japan, www.idc.co.jp
, forecasted on May 31, 2007 that the Japanese IT market will have reached $104 Billion in 2007, up 2.6% from 2006. IDC Japan also reported that the public sector within the Asia/Pacific (Excluding Japan) region represents an industry of diverse spending behavior, with spending expected to cross US$32 billion by 2011. IDC Japan is a subsidiary of IDC. IDC, www.idc.com
, is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Polaris International Holdings, Inc and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. There can be no assurance that we will satisfactorily reach our objectives or projections. Other factors, which could materially affect such forward-looking statements including risk factors relating to lack of sufficient capital, competition, lack of expertise in some or all of the areas we are currently attempting to do business in and lack of market support for our stock. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statem! ents and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.