Polaris International Holdings, Inc. Announces Revised Second Quarter 2010 Financial Report and Progress Update of Operations and Revenue Forecast of Staff IS Co. and U.S. Operations.

LOS ANGELES, May 27 /PRNewswire-FirstCall/ -- Polaris International Holdings, Inc. (Pink Sheets: PIHN), a global IT outsourcing services company with a U.S.-Japan dual market base, has released its revised second fiscal quarter report for the period ended March 31, 2010 (all figures in U.S. dollars).

"There were some reclassifications in the financial statements of Staff IS Co., our subsidiary in Japan. These adjustments have been made and we have posted the revised second fiscal quarter report for the period ended March 31, 2010 to the Pink Sheets," said Kuni Misawa, CEO/President of Polaris International Holdings, Inc. "Our forecast for Staff IS for 12 months ending December 31, 2010 exceeds $5 million in revenues. Our U.S. based office for IT services including consultation business in the U.S.A., is forecasted to generate revenue in excess of $500,000 over the next twelve months."

Update of Operations

Staff IS:

Many clients of Staff IS Co. are globally established foreign corporations. Our staff often fly to their Headquarters or Asian Headquarters in outside of Japan for meetings and presentations.  In the 2010 second fiscal quarter, we had several meetings in Singapore and Honk Kong. It is pursuant to non-disclosure agreements we are unable to disclose our clients' names while many of them are Global Fortune 100 companies.

The three months, January 1 through March 31, are historically slow months in the IT business, however, we performed well this year. We achieved a 150% increase in business during this period compared to previous years.

Staff IS Co. began a project at the end of April that is expected to generate revenue of $660,000 which is expected to be completed by the middle of June 2010.

San Diego Office/IT Services/Consultation:

We are moving forward with the development of our domestic business as we hope to secure  several domestic contracts over the coming months.  We have secured a web design specialist to assist with U.S. based projects.

U.S. Corporation acquisition:

We have identified an U.S. corporation as a potential acquisition target. We are currently doing due-diligence on it.

About Polaris International Holdings, Inc.:

Polaris International Holdings, Inc., a Delaware corporation with offices in Los Angeles and San Diego, 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 form the expected results.

SOURCE Polaris International Holdings, Inc.