PIHN Polaris International Holdings Inc (CE)

The final document regarding the acquisition of Polaris Technology, Inc. has been signed by Polaris International Holdings, Inc. (PINKSHEETS: PIHN) and Polaris Technology, Inc. on September 1, 2008.

The transaction should be completed in 30 days. Polaris Technology, Inc. expects to begin its operations as a subsidiary of Polaris International Holdings, Inc. on October 1, 2008 to match the first day of a new fiscal year.

According to the CEO of Polaris International Holdings, Inc., Kuni Misawa, "We are delighted to announce that the final document regarding the acquisition of Polaris Technology, Inc. has been signed by Polaris International Holdings, Inc. and Polaris Technology, Inc. This is our long awaited first step to being a leading IT services and technology company. This acquisition will provide Polaris International Holdings high profile customers, experienced people and a steady revenue stream. Our next step is moving forward to completion of the acquisition of another high profile business, Staff IS Co.'s Cabling Division. Polaris plans to expand its market from Japan to other countries."

Kazuya Omune, President of Polaris Technology, Inc. said, "We are very glad to be a part of Polaris International Holdings Group. The customers of Polaris Technology are centered on foreign-affiliated financing companies in Japan. That our Headquarter is overseas will bring a significant positive effect to our business. We believe that it has become a situation in which the more large-scale project orders are able to be executed. We want to make the best use of this new alliance to its maximum, and to aim at the expansion of its business."

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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