Polaris International Holdings to Launch First IPTV Products in Q2 2008
11 2월 2008 - 11:30PM
Marketwired
TOKYO and LOS ANGELES, CA (http://www.polaris-int.com) announced
today that, based upon progress in their technology evaluation for
IPTV (Internet Protocol Television) and current discussions with
potential partners under the guidance of Mr. Naoki Ido, it plans to
enter the market with its initial product line during the second
quarter of 2008. The IPTV division announced in December it is
focusing on designing, manufacturing and selling products related
to WiMax and IPTV. Previously, Mr. Ido was President of Extreme
Networks K.K. Tokyo, Japan, and Vice-President of Extreme Networks,
U.S.A. until August 2007 when he joined Polaris International
Holdings, Inc. as an advisor in November 2007.
According to Kuni Misawa, Polaris International Holdings, Inc.
CEO, "We are very pleased with the progress our new division has
made in the past 60 days. In this rapidly evolving market, we are
delighted that the combined international network of our leadership
team is presenting us with a wide variety of options and
technologies to consider as we work to select the ones we feel will
provide the greatest opportunity for growth and profitability in
this exciting new market. IPTV represents a significant market both
in the near and long term and our early diligence in choosing the
best technologies will help us secure our share of the market."
IPTV, the delivery of television programming by way of the
internet, is one of the fastest growing companies of the
information technology sector. According to Multimedia Research
Group, Inc., the number of IPTV subscribers will grow from 14.3
million in 2007 to 63.6 million in 2011, a compound annual growth
rate of 45 percent. In Asia, growth has been especially high in
China, Japan, and Hong Kong, primary areas of the Company's
focus.
Additionally, certain technical issues related to the Depositary
Trust Corporation (DTC) have been resolved so that we are now in a
position to move forward towards the closing of our previously
scheduled acquisitions. Delays in closing the acquisitions are what
initially brought these issues to our attention but with the issues
resolved we are now able to move forward without further delay and
anticipate an initial closing within 4 to 6 weeks."
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.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements involve a number of risks, uncertainties and other
factors that could cause actual results, performance or
achievements of Polaris International Holdings, Inc 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 statements 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.
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Contact: CB Maxwell Maxwell Media Marketing 209-533-8291
Polaris (CE) (USOTC:PIHN)
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