SOURCE: Atlantis Technology Group

November 12, 2007 10:34 ET

Atlantis Technology Group Enters Into Protracted Negotiations Regarding the Development and Distribution Rights of the Revolutionary iBox

COLORADO SPRINGS, CO--(Marketwire - November 12, 2007) - Technology company Atlantis Technology Group (OTCBB: ATNO) announced today the group had entered protracted negotiations with iStream Global Broadband Television developer Intervision, LLC, for the development and distribution rights of the company's revolutionary iBox media system. Atlantis and Intervision entered into a Letter of Intent in mid October 2007.

The flagship of Intervision, LLC is IVNET.TV, an integrated e-commerce, media and communications solutions provider. The company offers retailers, manufacturers, and services entities a multi-lingual single-platform system for business development, market penetration, product roll-out and broadcast channel launch.

A major component of the IVNET.TV system, which is in the late stages of testing and development, is the iStream Intuitive Transmedia Vector Set-Top Box. This "iBox" is a quadruple-play digital media system that allows users to watch live television on their PCs and media players and provides the ability to send live broadcasts directly to streaming internet (IPTV) and satellite channels.

Also operating as a global TV tuner, the iBox allows users access to virtually limitless satellite, IPTV, and terrestrial television programming anywhere in the world as well as providing access to dedicated, consumer-directed channels offering interactive commerce, educational and entertainment programming.

The iBox works seamlessly with the existing IVNET.TV global infrastructure, namely the IM3 and PC2 constructs. IM3 is the world's only integrated media, market development, and management system which allows users, regardless of size or market cap, to streamline their communications, target their desired markets and sell their products in a demographically- targeted virtual marketplace called PC2 (Parity Protocol for Commerce and Communications). PC2 is a content management system offered under a subscription service which grants participants access to an online production and development suite. The architecture of IM3 and PC2 derives from open source constructs; a business model proprietary to IVNET.TV.

The existing IVNET.TV infrastructure offers an "open market" scenario within which companies may create, edit, and upgrade interactive "sales channels." The IVNET.TV business plan is to offer these services in exchange for a percentage on all sales made within the network, using the world's first revenue-sharing, integrated e-commerce and branded content online community, the Consumer Owned and Operated Portal USA. The Co-Op USA operates as the dedicated consumer market of IM3 and provides free, unlimited broadband content and streaming for registered consumers. Premium content (i.e. local and satellite programming, music and movie downloads) are accessible according to consumer usage -- the more a consumer watches, downloads or interacts online, the more content is made available.

Atlantis Technology Group is extremely excited about the possible advertising and marketing applications of the iBox, insofar as it permits companies to create, design, edit and launch new products and media content within a secure, controlled "test" market before official roll-out. According to Atlantis Technology Group President Tim DeHerrera, "Based on market research and testing, the iBox is, to our knowledge, the only fully-functional, open, IP set-top box with practical market applications and large-scale distribution potential."

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