Polaris International Holdings (PIHN)

[Bottomfeeder46077]

January 24, 2011

Consolidated Annual Financial Statements Ended September 30, 2010 Has Been Released.

Dear Shareholders,

Our annual consolidated financial statements for the fiscal year ended September 30, 2010 have been released.

Summary of Annual Consolidated Financial Statements.

1. Total Consolidated Revenue was $3,469,559. The revenues were attributable to operations in Japan.
2. Total Consolidated Cost of Goods was $1,925,036.
3. Gross Profit was $1,544,523.
4. Total Consolidated Operating Expenses were $1,528,727.
5. Other Expenses was $59,661.
6. Net Income (Loss) was ($43,865).

*The Operating Expenses included $212,676 for Business Development and $169,206 for Legal & Professional Fees. We believe that these expenses will be minimized this fiscal year.

Private Offering - Preferred B Shares


The Company raised $453,558 through a private offering.

Staff IS Co., Ltd.

We are happy that our subsidiary in Japan performed well. The financial statements below are for eleven (11) months, November 1, 2009 through September 30, 2010.

1. Total Revenue was $3,469,559.
2. Total Cost of Goods was $1,925,036.
3. Gross Profit was $1,544,523.
4. Total Operating Expenses were $1,029,942.
5. Other Expenses was $82,169.
6. Net Income (Loss) was $432,412.

Preferred B Shares


In January, 2011 the Company canceled 1)1,800,000 preferred B shares issued for the stock exchange with other companies and 100,000 preferred B shares issued for consulting services in March 2010.

Annual report will be released this week along with a press release and provide more information on Financial Statements and Results of Operations in Fiscal Year ended September30, 2010.

We are pursuing the acquisition of the Southern California based IT Services company. As a part of due diligence, we will have a management meeting of Staff IS Co. and this Southern California based IT services company early February.

For all Inquiries: Please contact Chuck Cibulka, Stock Services LLC. at 858-213-4153. [e-mail]

Sincerely yours,
Kuni Misawa
CEO/President
Polaris International Holdings, Inc.