Polaris International Holdings, Inc. (OTC Pink: PIHN) (PINKSHEETS: PIHN) is pleased to announce that it has completed an important agreement with GBISS, Inc. and its India based affiliates to begin project management and manufacturing of the Company's exclusive Procannas® Cannatrol pharmaceutical grade core ingredients and sub-formulations.
The Procannas® Cannatrol product line is composed of different sub-formulations combined in proprietary ways to create the overall Cannatrol line and GBISS has the responsibility to oversee all offshore manufacture, quality control and the consistency of each ingredient (sub formula). They will also test these formulas and provide spectrometer and other reports for ProCannas® thus preparing them for import into the United States.
The processed formulations include but are not limited to combinations of different extracts, antioxidants, cannabinoids, and a proprietary blend of other ingredients combined exclusively for the Company in accordance with our strict specifications. These sub-formulations will then be further processed and blended in the United States to create different versions of our Cannatrol products. All such imported ingredients will not contain THC. All of the sub formulations will be further purified in accordance with United States pharmaceutical standards and concentrated to maximum strength levels. Once fully processed, the resulting formulations will be packaged in the United State and made ready for distribution to our participating physician base. The GBISS Agreement also contains terms for the development and implementation of specific software which the company will use to track the use of its products and monitor dosage and patient outcomes.
The Company has also secured new office space of over 6,000 sq ft in Plano, TX to help out with the rapid growth of the Company. The space will be utilized for all business activities and will be the headquarters for the Company.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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Polaris International Holdings, Inc.
SOURCE: Polaris International Holdings, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
PIHN_3-20-2014_PAP_ETL.docx
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