Polaris Acquisition Corp. Announces Adjournment of Special Meeting of Stockholders until March 31, 2009

NEW YORK--(Business Wire)--
Polaris Acquisition Corp. ("Polaris") (NYSE Amex: TKP),todayannounced that it
adjourned its special meeting at which its stockholders were to have considered
and voted on the proposal to approve the merger between Polaris and HUGHES
Telematics, Inc., pursuant to the second amended and restated agreement and plan
of merger dated March 12, 2009. The special meeting has been adjourned until
11:00 a.m. on Tuesday, March 31, 2009 at its original location, the offices of
Polaris, 2200 Fletcher Avenue, 4th Floor, Fort Lee, New Jersey 07024. The record
date for the special meeting remains February 6, 2009.

For more information on the merger, visit www.htipolaris.com.

About Polaris Acquisition Corp.

Polaris Acquisition Corp. is a special-purpose acquisition company formed for
the purpose of acquiring a growing subscription-based business or assets.
Polaris went public on January 17, 2008 and trades on the NYSE Amex under the
ticker "TKP.U".

For more information, visit www.polarisacq.com.

About HUGHES Telematics

HUGHES Telematics (www.HUGHEStelematics.com) is a leader in implementing the
next generation of connected services for the automobile. Centered on a core
platform of safety and security offerings, the company develops and manages
vehicle- and driver-centric solutions to enhance the driving and ownership
experience. Headquartered in Atlanta, Ga., HUGHES Telematics offers a portfolio
of consumer, manufacturer, fleet and dealer services provided through two-way
connectivity with the vehicle. Networkfleet, Inc., a wholly owned subsidiary of
HUGHES Telematics located in San Diego, Ca., offers remote vehicle diagnostics,
an integrated GPS tracking and emissions monitoring system for wireless fleet
vehicle management.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements about Polaris that are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements.
These factors include, but are not limited to, the risk that the NYSE Amex may
delist Polaris` securities for failure to comply with any NYSE Amex listing
requirement; the occurrence of any event, change or other circumstances that
could give rise to the termination of the merger agreement; the outcome of any
legal proceedings that may be instituted against Polaris and others following
announcement of the proposal or the merger agreement; the inability to complete
the merger due to the failure to obtain stockholder approval; the inability to
obtain necessary regulatory approvals required to complete the merger; the risk
that the proposed merger disrupts current plans and operations and the potential
difficulties in employee retention as a result of the merger; the ability to
recognize the benefits of the merger or of any combination of Polaris and
Hughes; the timing of the initiation, progress or cancellation of significant
contracts or arrangements, the mix and timing of services sold in a particular
period; and the possibility that Polaris may be adversely affected by other
economic, business, and/or competitive factors. Polaris cautions that the
foregoing list of factors is not exclusive. Additional information concerning
these and other risk factors is contained in Polaris` most recent filings with
the SEC. Polaris is under no duty to update any of the forward-looking
statements after the date of this document to conform to actual results.

Important Additional Information Regarding the Merger

In connection with the proposed merger, on February 12, 2009, Polaris filed a
definitive proxy statement with the SEC. On March 20, 2009, Polaris filed a
supplement to its definitive proxy. Investors and security holders are advised
to read the definitive proxy statement, the proxy supplement, as well as any
further proxy supplement and other relevant documents filed with the SEC when
they become available because they contain important information about the
merger and the parties to the merger. Investors and security holders may obtain
a free copy of the proxy statements and other documents filed by Polaris at the
SEC website at http://www.sec.gov . In connection with the special meeting of
Polaris stockholders to approve the adoption of the merger agreement, Polaris
has mailed copies of the definitive proxy statement (and will mail any proxy
supplement) to Polaris stockholders who are entitled to attend and vote at the
special meeting. Before making any voting or investment decisions with respect
to the proposed merger or any of the other matters with respect to which Polaris
stockholders will be asked to vote pursuant to the proxy statement, Polaris
stockholders are urged to read the definitive proxy statement, any supplement
thereto, and other documents filed by Polaris when they become available.

Information regarding the persons who may, under the rules of the SEC, be deemed
participants in the solicitation of Polaris stockholders in connection with the
proposed merger have been set forth in the definitive proxy statement. You can
find information about Polaris`s executive officers and directors in its
prospectus, definitive proxy statement, proxy supplement, Current Reports on
Form 8-K and other documents that have previously been filed with the SEC.

Sloane & Company Public Relations
Erica Bartsch, 212-486-9500
or
Hughes Telematics
Robert Lewis, 770-391-6400
or
Polaris Acquisition Corp.
Jerry Stone, 800-705-6045 Ext 304

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