Polaris International Holdings (PIHN)

[jwblue74]

Good morning Global, it wasn't mentioned in the PR it would be December. Folks really need to re-read the PR. I think we will hear news on the Acquisition early next year. I'm looking forward to the Annual Report as well. Good things are coming and GLTU Global on your large stake in PIHN.

Polaris International Holdings, Inc. has Reached Terms for the Acquisition of a U.S. IT Communications Company

Polaris International Holdings, Inc. (Pink Sheets: PIHN) is pleased to announce that it has agreed on new terms for the acquisition of a U.S. IT Communications Company. It is expected that the transaction will take place in December. This U.S. IT Communications Company, an approved provider for broadband operators and all premium programs, is currently generating revenues in excess of $12,000,000 and operating with a profit margin in the 30 percent range.

Polaris International Holdings, Inc. CEO/President, Kuni Misawa, stated, "The revised terms have made the transaction workable for both sides. We feel there are many benefits of this transaction for Polaris International, including expanding business operations outside of Japan where the Company's core IT business has been focused."

The combination of business is expected to exceed US$18 million in revenues this coming calendar year.

Terms were not disclosed. The targeted acquisition company will remain unnamed.