updated 11/1/2010 2:17:02 PM ET 2010-11-01T18:17:02

LAKE MARY, Fla., Nov. 1, 2010 (GLOBE NEWSWIRE) -- Pole Perfect Studios, Inc. (OTCBB:PPFT) (the "Company") announced that under its terms, the Company has terminated the Letter Of Intent ("LOI") it executed with LumiGene Technologies Inc. ("LumiGene"). The Company does not contemplate further discussions with LumiGene with respect to the Reverse Acquisition contemplated in the LOI.  

Tammy Skalko, President of Pole Perfect Studios, Inc., stated, "The Company is investigating other potential acquisitions."

FORWARD LOOKING STATEMENTS

The information contained in this news release, other than historical information, consists of 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 may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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