Polaris International Holdings, Inc. Announces First Quarter 2010 Financial Report.

LOS ANGELES, March 31 /PRNewswire-FirstCall/ -- Polaris International Holdings, Inc. (Pink Sheets: PIHN), a global IT outsourcing services company with a U.S.-Japan dual market base today announced unaudited consolidated financial results for the first fiscal quarter of 2010 ended December 31, 2009 (all figures in U.S. dollars).

During the quarter ended December 31, 2009, the Company completed the acquisition of the IT business of Staff IS Co., Ltd. and Polaris Technologies, Inc. in Japan and established its core operations. Polaris Technologies became an ASP division of Staff IS. These acquisitions have provided the Company steady revenues, experienced staff and high profile customers. An application service provider (ASP) is a business that provides computer-based services to customers over a network.

"Our subsidiary in Japan performed well, despite an increasingly difficult economic environment," said Kuni Misawa, CEO/President of Polaris International Holdings, Inc. "Our operations in Japan continue to expand. Additionally, the Company currently plans to launch U.S. based business activities in the second quarter of 2010 while our focus remains on research and exploring additional outsourcing service companies as potential acquisition targets in North America."

2010Q1 Financial Summary

2010Q1 Financial Statements include Real Estate division financials of Staff IS Co. The former owner of Staff IS has agreed to separate its real estate division from Staff IS within six (6) months from November 1, 2009. Until the separation has been completed, interest payments on the mortgage shall be deducted from the purchase price of $1.7 million.

IT division of Staff IS in Japan had $722,254.00 in revenues with $84,078 EBITDA for the two months, November and December, 2009.

Total consolidated revenue for the quarter ended December 31, 2009 was $722,254.00. The revenues were primarily attributable to operations in Japan.

Total consolidated expenses for the quarter ended December 31, 2009 were $750,153.00. The expenses were primarily attributable to cost of materials, salaries and management costs, and other general and administrative expenses.

The Company raised a total of $94,053 through the sales of restricted Series B Preferred Shares.

We have activated a "Registration for Updates" module on our website. Please visit www.polaris-int.com and register to receive periodic updates.

About Polaris International Holdings, Inc.:

Polaris International Holdings, Inc., a Delaware corporation with offices in Huntington Beach and Los Angeles, California and in Tokyo, Japan is in the business of supplying services for Network Infrastructure, ASP and Cloud Computing Solutions. Its management team is composed of seasoned international business professionals with over 60 years of expertise in technology, media, entertainment and investment industries. POLARIS with both a U.S. and Japan market base is well positioned for the global evolution occurring in IT services and is meeting this evolution with its progressive collection of 'Cloud Solutions and Services' for its corporate Fortune 100 clients. POLARIS' near term plan is to build out its 'Global IT Services' through acquisitions and/or strategic partnerships. The Company is currently engaged in due diligence with several international businesses which, if successfully completed, will significantly expand its territory from Japan to include other rapidly growing Asian markets and North American markets. www.polaris-int.com

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

SOURCE Polaris International Holdings, Inc.