Polaris Technology, Inc. 2007 Revenues Surpass Projections
25 3월 2008 - 10:15PM
Marketwired
TOKYO and LOS ANGELES, CA (Polaris) is pleased to announce that
the 2007 revenues of Polaris Technology, Inc. exceeded management's
internal projections and came in at approximately $1,524,000 (JPY
152,400,000).
Polaris Technology, a Tokyo-based IT Outsourcing Services and
Technology company, was incorporated on February 21, 2006 by Naoto
Higuchi, Vice President of Polaris International Holdings, Inc. and
began revenue generation in January 2007. Accordingly the $1.48
million in revenues reflects the Company's results for only the
last three quarters of 2007. Polaris Technology is currently
outsourcing most of its operational functions. With the completion
of the acquisition by Polaris, Polaris Technology plans to increase
in-house a full time staff. Polaris Technology's customer list is
diverse and international in its composition.
Regarding the 2007 revenue figures, Kuni Misawa, Polaris
International Holdings CEO, commented, "We are quite pleased with
Polaris Technology's growth. Looking at current demand and the
growth we can fuel subsequent closing of our acquisition of Polaris
Technology over the next few weeks, we expect 2008 revenues of
Polaris Technology to exceed $4,000,000. That coupled with
anticipated revenues from the acquisition of Staff IS Cabling
Division, we expect to generate over $8 million in revenues in
2008."
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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