Polaris International Holdings Adds Major Restaurant Chain to List of Clients
LOS ANGELES, Oct. 24, 2012 /PRNewswire/ -- Polaris International Holdings, Inc. announced today that, through a newly created strategic alliance with one of Japan's well respected "Total Design" services companies, Polaris subsidiary Staff IS has been engaged to provide IT services to a rapidly growing Japanese restaurant chain. Staff IS expects to provide its services to up to 40 of the chain's locations in the next 12 months expanding to serve 100 additional locations over the course of the next two years. The Company projects this will add $400,000 in new revenues over the next year and up to $1.4 million in new revenues by the end of 2014.
The greatly expanded opportunities being presented to Staff IS as a result of the recent Tokyo and Osaka Stock Exchange merger, and the Company's new strategic alliance, has created the enviable situation where the company has more business opportunities than it can take advantage of without additional funding.
According to Naoto Higuchi, Polaris Holdings VP and Head of Japan Operations, "We are very pleased with the quality of the opportunities being presented to us through our strategic alliances. Our newest client alone represents an increase in our annual revenues of around 15% next year and given the current demand, with adequate funding, we believe we can add that much and more in new revenues every year for the foreseeable future. Accordingly, we are reviewing various capitalization strategies to assure we capture every viable business opportunity available to us."
Polaris International Holdings, Inc. through its subsidiary Staff IS CO., Ltd is an international IT provider serving many Fortune 500 companies, financial institutions and publicly traded companies.
Safe Harbor: Statements regarding financial matters in this communication, 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 defined in the Private Securities Litigation Reform Act of 1995. The Company intends that statements about the Company's future expectations, including future revenues and earnings, technology efficacy, mergers and acquisitions, 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.