I am writing today to provide further updates on progress being made by your company.
The final reviews of the Polaris financial statements 1kw the quarters ending September 30, 2(310 and December 31, 2010 have been published and are now available for viewing and downloading at OTC Markets at http://otcmarkets.com. The final report for the quarter ending March. 31, 2011 should he released next week.
Additionally, we are pleased to report that we have received copies of the final audits of our acquisition target and have delivered them to our financial experts for review prior to executing the final documents. The Officers, Directors of Polaris International, along with our attorneys and financial advisors, will be meeting during the week of June 27. This will include Polaris Director/Vice President Naolo Higuchi, head of our Japanese Operations who will he flying in from Japan for the meetings.
Following Lhis private meeting, our executive group, along wíth our advisors, will be meeting with the owners of the acquisition target to discuss the final details prior to the preparation and execution of the Share Purchase Agreement and subsequent closing of the acquisition.
At this important juncture, we can report that we are very pleased with our preliminary review of the audited financial statements and remain very optimistic that all aspects of the acquisition remain on track.
We are likewise pleased with the steady progress being made toward the successfiul completion of this acquisition and remain committed to completing this acquisition in as timely a manner as possible and in doing so with the necessary attention to compliance and details. We look forward to the time when we can share the full details of your new subsidiary with you and the markets in generaLl.
We greatly appreciate your continued support of your company and will continue to provide regular updates as circumstances warrant.
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