SOURCE: Atlantis Technology Group

October 22, 2007 09:15 ET

Atlantis Technology Group Executes Letter of Intent

COLORADO SPRINGS, CO--(Marketwire - October 22, 2007) - Atlantis Technology Group (OTCBB: ATNOD) announced today the Company has agreed to purchase a 12.5% equity stake in the technology holding company Intervision Network, a Florida company.

The companies have executed a Letter of Intent and mutually entered a 45 day exclusive, 'no-shop' agreement & due diligence period. The Company will file an 8-K with the SEC upon the Definitive Agreement.

Pursuant to the Letter of Intent Atlantis will supply growth capital and restricted stock to Intervision in an undisclosed amount. Both parties will provide input as to ongoing operation of Intervision to better position the company to the investment community. The company's ownership will equal 12.5 % upon closing on the above-mentioned investment. Atlantis Technology Group and its principals shall assist Intervision in the preparation of and filing of the documentation for Intervision to begin the process of becoming a publicly traded company.

ABOUT INTERVISION NETWORK

Intervision is the holding company for several technology companies, the most prominent of which is IVNET.TV, an exciting Web 3.0 company. Founded in 2005 IVNET.TV is believed to be the only network provider that provides an integrated ecommerce and premium content application within a large consumer-driven social community.

Intervision offers global retailers, manufacturers, and service entities a robust multi-lingual single-platform system for business development, market penetration, product roll-out, and media broadcast distribution. Intervision also offers a vertically integrated media, marketing development, management and reporting system which allow small businesses to streamline their communications, market and sell their products alongside major competitors in demographically targeted virtual marketplaces called Parity Protocol for Commerce and Communications. The architecture is derived from Open Source constructs.

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

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    Additional Information:
    Tim DeHerrera
    CEO
    719-598-2469