Polaris International Holdings- Establishes Pathway to Capital
Polaris International Holdings (Pink Sheets: PIHN) announced today that they had inked a deal with Roccus Partners Inc to arrange the funding that will propel the company forward in the execution of its business strategies. You can read the press release by clicking here. This is particularly encouraging because Roccus Partners has a reputation for providing funding to emerging companies that is “shareholder friendly”. The term “shareholder friendly” refers to non-toxic funding that does not contain floorless convertible instruments which can create punitive dilution.
On Monday, Polaris announced that they had taken the next important step toward a listing on the bulletin boards by completing their initial filings with PinkSheets.com and, in return, had been awarded with upgraded rating by the Pink Sheets. This action validates the company’s previous statement that they will to aggressively work toward a Bulletin Board listing and expect to have additional filings completed shortly which will elevate them further on the Pink Sheets. Evidence that a company is “walking the walk” in addition to “talking the talk” is always encouraging.
While we’re updating you, the Company announced last Tuesday that Polaris Technology, Inc., the company that is in the process of being acquired by PIHN, finished 2007 with $1,524,000 in revenues, surpassing management’s initial projections. This is particularly given that Polaris Technology didn’t begin generating revenues until the beginning of the second quarter so only represents 9 months of revenue generation. To read that press release, click here.
There is a lot to like about Polaris Holdings International and we want to encourage you to consider it for the speculative part of your portfolio.
To read our report on Polaris International Holdings, click here.
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