Polaris International Holdings, Inc. and Auricast, Inc. Have Entered Into a Strategic Relationship Agreement
19 Febrero 2008 - 8:30AM
Marketwired
TOKYO and LOS ANGELES, CA (http://www.polaris-int.com) announced
today that Polaris International Holdings, Inc. and Auricast, Inc.
a multimedia production, publishing, and distribution company,
www.auricast.com, have entered into a Strategic Relationship
Agreement. Auricast will provide Polaris Technologies support for
WiMax and IPTV (Internet Protocol Television) distribution.
Auricast will provide both technical support and content for IPTV
channels including standard definition, high definition, and 3D
categories.
The AURICAST team has over 25 years experience in the design,
creation, and implementation of media management systems and
audio-visual environments. Just a few examples include Broadcast
automation technology for Sony and Phillips Broadcast, commercial
insertion systems for Cable and Satellite, touring systems for the
Rolling Stones, Genesis, U2, and many others, theme park
attractions for Paramount, and a digital highlight network for Fox
Sports.
Michael Shorts, Auricast, Inc. President says, "Auricast has
spent several years preparing for this next step in media
management and distribution. We are very pleased to be able to
assist Polaris with their efforts in reaching their exciting
goals."
Kuni Misawa, Polaris International Holdings, Inc. CEO says,
"This is a great opportunity for us to be associated with Auricast,
Inc. Meanwhile, we are currently aggregating content to distribute
via IPTV in Japan as well as focusing on designing, manufacturing
and selling products related to WiMax and IPTV. One of Polaris'
objectives is to bring together IT elements and the entertainment
industry to meet rapidly evolving digital markets."
Polaris International Holdings anticipates the launch of its
First IPTV products and its own IPTV channel in Japan in Q2
2008.
IPTV, the delivery of television programming by way of the
internet, is one of the fastest growing of the information
technology sectors. According to Multimedia Research Group, Inc.,
the number of IPTV subscribers will grow from 14.3 million in 2007
to 63.6 million in 2011, a compound annual growth rate of 45
percent. In Asia, growth has been especially high in China, Japan,
and Hong Kong, primary areas of the Company's focus.
About Polaris International Holdings, Inc.
Polaris International Holdings, Inc., a Delaware corporation
with offices in Huntington Beach and Los Angeles, California and
Tokyo, Japan, is a holding company of IT services and technology
companies located in Japan. The Company plans to expand from its
current territory of Japan to include the other rapidly growing
Asian markets.
Polaris International Holdings has entered into an acquisition
agreement with Polaris Technology, Inc. a privately held IT company
in Japan as well as a definitive agreement for the acquisition of
Staff IS CO., Ltd's cabling division http://www.staffis.co.jp.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements involve a number of risks, uncertainties and other
factors that could cause actual results, performance or
achievements of Polaris International Holdings, Inc to be
materially different from any future results, performance or
achievements expressed or implied by these forward-looking
statements. There can be no assurance that we will satisfactorily
reach our objectives or projections. Other factors, which could
materially affect such forward-looking statements including risk
factors relating to lack of sufficient capital, competition, lack
of expertise in some or all of the areas we are currently
attempting to do business in and lack of market support for our
stock. Investors, potential investors and other readers are urged
to consider these factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements made herein are only made as of the date of this press
release and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.
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Contact: CB Maxwell Maxwell Media Marketing 209-533-8291
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