PIHN Polaris International Holdings Inc (CE)

Polaris International Holdings., Inc. (PINKSHEETS: PIHN) announced that the Company effectuated a 20:1 forward stock split on Friday, April 24, 2009.

All shareholders of record at the close of Friday, April 24, shall receive an additional 19 shares for each share owned.

As a result, the Company's issued and outstanding share capital has increased from 101,981,000 shares of common stock to 2,039,620,000 shares of common stock. The Company also amended its Articles of Incorporation to increase its authorized shares of capital stock to 7,000,000,000 and issued 100,000 shares of preferred stock.

"These actions by the Board are a clear indication of the confidence we have in our ability to continue driving growth and creating value for our shareholders by capitalizing on the exciting opportunities, both short- and long-term, that lie ahead," said Kuni Misawa, President and CEO of Polaris International Holdings, Inc. "The split and increase will make Polaris common stock more widely available to a larger pool of investors, including our current shareholders."

Contact: Polaris International Holdings, Inc. Kuni Misawa Ph. (310) 849-1094 Email Contact