SOURCE: Atlantis Technology Group

October 12, 2007 09:45 ET

Atlantis Technology Group Reports Capital Reorganization

COLORADO SPRINGS, CO--(Marketwire - October 12, 2007) - Atlantis Technology Group (OTCBB: ATNOD) announced today the Board of Directors and advisors to the Board have unanimously approved to make several changes to the Company's capital structure.

The Company has executed a 100:1 forward split of the Company's common stock as of 10/11/2007. NASDAQ has appended a 'D' to the symbol to indicate the effective forward split. The appended D will remain for 20 days. The Board of Directors believes it is in the best interest of the shareholders for the common stock price to be reduced to this initial price range in parity to the Company delivering ninety nine additional shares for every common share owned by its loyal shareholder base. This may increase the liquidity and volatility of the company's common stock.

The Board has authorized the creation of Series A and Series B restricted preferred shares. The preferred Series A shares will only be issued to Officers, Directors and Advisors to the Company. The preferred Series B shares will be used as a component of the Company's acquisition currency.

As of 10/12/2007 there are 54,900,000 common shares issued and outstanding (post split). Of the total shares outstanding approximately 25,000,000 are held by Officers & Directors of which 15,000,000 are restricted shares.

ABOUT ATLANTIS TECHNOLOGY GROUP

Atlantis Technology Group is engaged in the development of 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.

For more information from the new Atlantis Technology Group site, click here:

The Atlantis Technology Group Information Center (http://www.smallcap4u.com/atlantis/home.html)

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
    CEO
    719-598-2469