SOURCE: Atlantis Technology Group

November 05, 2007 13:00 ET

Atlantis Technology Group Enters Into the Multi-Billion Dollar Alternative and Renewable Energy Market

COLORADO SPRINGS, CO--(Marketwire - November 5, 2007) - Atlantis Technology Group (OTCBB: ATNOD) has funded a new research and design division to identify, locate and facilitate alternative and renewable, carbon-neutral energy sources for distribution through out the continental United States. Atlantis Energy Corporation, a Nevada Company, is a wholly owned subsidiary of Atlantis Technology Group.

With the rising prices of fossil fuels and the limitation on distribution of alternative energy sources, Atlantis Technology Group believes there is an untapped niche market. The goal of the new Atlantis Energy Corporation will be to build infrastructure that will facilitate the establishment of a distribution network that will bring rough and untapped fuel sources to consumers and end users, with an eye on minimizing dependency on classic petroleum-based fuels and creating carbon-neutral energy market solutions.

Atlantis Energy will focus on identifying commercially viable recyclable, renewable and unidentified fuel sources through out the world. The research and design team has begun by locating several out-source energy supplies as well as the possible market distribution mechanisms of those supplies. The goal of the exercise will be to evaluate and, if commercially viable, exploit these untapped revenue channels by bringing lower-cost alternative and renewable energy resources to the market.

Atlantis Energy endeavors to engage in a proprietary multi-phased plan that will lead to the establishment of a strong foothold in the alternative and renewable energy market. As such, the first phase will entail the division's securing contracts, both domestic and cross-border, with the identified rough fuel sources, situated in geographic locales that include but are not limited to the continental United States, Canada, Alaska, Mexico, Brazil, Venezuela, South Africa, India, China, Thailand, Russia, Kazakhstan, Uzbekistan, and Georgia.

President Tim DeHerrera states, "The global energy markets have dictated for several years that wholesale change in efficient energy consumption, from the established and orthodox means to the new alternative and renewable sources, is now necessary. We are focusing on new technologies of energy sources in our new division of Atlantis. Our hope is to help to re-couch the terrain of the existing energy market landscape not as a looming global problem, but rather as an abounding world-wide opportunity."

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

  • Contact:
    Additional Information:
    Tim DeHerrera
    719-598-2469