PT Trikomsel Oke Tbk Forms Joint Venture Company With Brightstar Corp.-PR Newswire   

PR Newswire reported that PT Trikomsel Oke Tbk and Brightstar Corp. have entered into a joint venture and formed Brightstar Trikomsel Pte. Ltd. in Singapore.

Hope this news will help to push Polaris above 3 cents soon

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FURTHER UPDATE ON THE DISTRIBUTOR AGREEMENT WITH SINGTEL GROUP COMPANIES

The board of directors (the “Board”) of Polaris Ltd. (the “Company”, together with its subsidiaries, the  “Group”) refers to its announcement (“Announcement”) dated 1 April 2013 in relation to the entry into Distributor Agreement with Singtel Group Companies, the Group has established four (4) retail  outlets in suburban retail malls in Singapore namely, Paya Lebar Square, Nex and Hougang 1 to  carry out sales, marketing and promotional activities in order to promote and procure the sale of  telecommunications and/or broadcasting services by the SingTel Group Companies, and fulfil its role  as distributor for SingTel Group Companies. 

The establishment of these retail outlets will be funded by the cash proceeds raised from the  Subscription as stated in the Company’s circular sent to shareholders on 3 April 2013. 

The retail outlets are expected to contribute positively to the financial performance of the Group for the current financial year ending 31 December 2013.