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Polaris International Holdings, Inc. Releases Financial Statements and Announces Stock Split
Polaris International Holdings, Inc. Releases Financial Statements and Announces Stock Split.
About this update from Polaris International Holdings Inc.
[{"type":"text","content":" Normal.dotm 0 0 1 386 2204 Polaris International Holdings, Inc. 18 4 2706 12.0 0 false 18 pt 18 pt 0 0 false false false (PRNewswire)-- Polaris International Holdings, Inc.(OTC: PIHN), a global IT outsourcing services company announced today that theCompany has released its 2011 Annual Financial Statement and its 2012 First andSecond Quarter financial statements with the Attorney Letter which can now beviewed at OTCMarkets.com. Thisbrings the company's status with OTCMarkets.com to “Current Information”. Additionally, the Board of Directors andmajority shareholders have approved a 1-for-2000 reverse split of its commonstock. The reverse split has beencleared by FINRA and will be reflected in the market effective Monday, July 30,2012. On that day and the Company'sstock symbol will be appended with a “D” which will remain for the next 20 daysto signify the stock is trading post-split. \"Theupdated financial statements and the actions by the Board and majorityshareholders are a clear indication of our ongoing commitment to reorganizingthe stock and the company in order to take full advantage of both the long andshort term opportunities that lay ahead. The reverse stock split is the justfirst of several positive steps we're taking in order to restore marketliquidity in the stock.” said Kuni Misawa, President and CEO of PolarisInternational Holdings, Inc. “We'd like to remind all shareholders that areverse split doesn't change anyone's relative ownership in the Company. Itsimply adjusts the stock price in the market to better position it in anoptimal trading range.” Safe Harbor: Statements regardingfinancial matters in this communication, other than historical facts are\"forward-looking statements\" within the meaning of Section 27A of theSecurities Act of 1933, Section 21E of the Securities Exchange Act of 1934, andas that term is defined in the Private Securities Litigation Reform Act of1995. The Company intends that such statements about the Company's futureexpectations, including future revenues and earnings, technology efficacy,mergers and acquisitions, and all other forward-looking statements be subjectto the Safe Harbors created thereby. Since these statements (future operationalresults and sales) involve risks and uncertainties and are su...