SOURCE: Atlantis Technology Group

November 06, 2007 09:00 ET

Atlantis Technology Group Announces Three-for-One Forward Stock Split

COLORADO SPRINGS, CO--(Marketwire - November 6, 2007) - Atlantis Technology Group (OTCBB: ATNOD) announced today, as part of a comprehensive organizational plan and to create the potential for greater market liquidity, the company has committed to a three-for-one forward stock split of the issued and outstanding shares of the Company's common stock.

Atlantis shareholders of record at the close of business on November 16, 2007 will automatically receive two additional shares of common on the pay date of November 21, 2007 constituting a three-for-one forward stock split.

The forward stock split was unanimously approved by the Board of Directors. The number of Atlantis Technology Group shares outstanding will triple as a result, constituting what the Company expects to provide greater availability of common stock in the public marketplace, to help improve future market liquidity and further diversify the Company's shareholder base.

Atlantis Technology Group CEO Tim DeHerrara said, "We believe this move will allow the company to preserve capital and allow for reinvestment and growth. We are grateful for the support of our shareholders and want to reward them with potential for a greater return on their investment."

The forward stock split will occur automatically to Atlantis Technology Group shareholder accounts from the company treasury on November 21, 2006, at the applicable market price as of that date.

ABOUT ATLANTIS TECHNOLOGY GROUP

Atlantis Technology Group was formed to develop privately held and publicly traded technology companies that focus on high-growth investments at the leading edge of business and technological innovation.

Atlantis Technology Group is engaged in providing debt and equity financing to public and private companies, as well as private equity funds, for working capital, acquisitions, management buyouts, projects and special situations within the newly announced target area. The Company's management intends to aggressively pursue new acquisitions that would enhance the existing portfolio of investments and that would be expected to enhance shareholder value through capital appreciation and dividend payments to the Company. Atlantis Technology Group intends to offer its clients a "one stop shop" of equity and senior, subordinated, structured and mezzanine debt to realize their business development objectives.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking information. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. These statements are made to enable a better understanding of our business, but because these forward-looking statements are subject to many risks, uncertainties, future developments and changes over time, actual results may differ materially from those expressed or implied by such forward-looking statements. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions.

These forward-looking statements are based on the information that was currently available to us, and the expectations and assumptions that were deemed reasonable by us, at the time the statements were made. We do not undertake any obligation to update any forward-looking statements in this report or in any of our other communications, except as required by law, and all such forward-looking statements should be read as of the time the statements were made, and with the recognition that these forward-looking statements may not be complete or accurate at a later date.

Contact Information

  • Additional Information:
    Tim DeHerrera
    719-598-2469