Atlantis Systems Corp.

Atlantis Systems Corp.

April 19, 2010 11:22 ET

Atlantis Systems Continues to Build Momentum and Strengthen Connections With Its Key Customers-Atlantis Systems Eduplus Announces Two Year Air Force Contract Extension

TORONTO, ONTARIO--(Marketwire - April 19, 2010) - Atlantis Systems Corp. (NEX:AIQ.H) announced today that its division, Atlantis Systems Eduplus located in Dartmouth, Nova Scotia, has signed a 2 year contract extension with the Department of National Defense for the secure web based delivery of content related to Military Individual Training and Education (MITE) and Air Maintenance Policy Level 2.

These courses, developed by Atlantis Eduplus, are delivered on Atlantis' secure Learninglogics™ Learning Management System, and provide Air Force personnel access to course materials over the internet or from the Defence Wide Area Network (DWAN).

"This is a very unique capability and learning platform delivered on Atlantis Hardware and Software which saves the Canadian Air Force millions of dollars in travel costs. It also reinforces Atlantis' relationship with one if its long term customers" said Carl Daniels, Vice President and General Manager of Atlantis Systems Eduplus.

"We are very please to extend our relationship with Atlantis Eduplus and have done so as a result of their commitment to a quality product and their ability to deliver" said Captain Brian Kennedy of 2 Canadian Air Division.

"This contract, along with several others that were closed last year and the first quarter of this year has created a booked back log at the front end of our year that will put us on track to achieve our forecasted revenues and a positive "EBITDA" said Mark Rivers, Chairman. The tangible support that our customers have given us over the last 18 months is tremendous validation of the efforts and commitment of the team that we have assembled, and the strategy we have implemented at Atlantis. From our bankers to our staff, all stakeholders are committed to, and engaged in, the growth track Atlantis is on, which is a first in several years. Our backlog has grown and our sales pipeline continues to expand -.There is a renewed sense of optimism and excitement at Atlantis – we have come through some nail biting times and are looking forward to thinking more about growth and maximizing the value of the business and refining our operating performance and less about survival– it is a nice feeling and the team is to be congratulated"

About Atlantis Systems Corp.

Atlantis Systems (NEX:AIQ.H) uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation, civil aviation ensure the feasibility, capability, and effective utilization of their complex assets. Simply stated our business is leveraging partnerships and technology to put competent people on the job consistently, faster. In more than 30 years of operation, Atlantis has developed a solid reputation for its creative workforce and innovative solutions in supporting global OEM customers and defence organizations. To learn more, please visit the Company's web site at

Forward-Looking Statements

Atlantis assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or for any other reason. Additional information regarding risks and uncertainties that could affect Atlantis' business is contained in the Business Risk Factors section of Atlantis's Annual MD&A and the Description of the Business – Please see Risk Factors section in Atlantis' Annual Information Form, both of which are available on SEDAR at

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