SOURCE: Atlantis Technology Group

December 07, 2007 09:15 ET

Atlantis Technology Group Subsidiary Global Online Television Corporation (GO TV) Announces Hiring of Richard A. Luthmann as CEO and Chairman

COLORADO SPRINGS, CO--(Marketwire - December 7, 2007) - Global Online Television Corporation ("GO TV"), subsidiary of technology company Atlantis Technology Group (OTCBB: ATNO), announced the hiring of Richard A. Luthmann as CEO and Board Member. Mr. Luthmann brings sophisticated banking, tax, finance and legal knowledge to GO TV, as well as a proven track record in marketing and sales and business management.

Mr. Luthmann is an attorney, admitted in, among other places, New York, New Jersey and the United States Tax Court. Most recently, the native New Yorker worked with several international financial institutions and high net worth clients, building an international banking and insurance network. He received his Juris Doctor from New York Law School and his Master of Laws from the University of Miami (Coral Gables, FL). Mr. Luthmann's undergraduate work was done at Columbia University.

The new CEO plans to take the reins immediately, outlining an aggressive expansion and marketing plan for GO TV. "Global Online Television has an awesome market potential as a media outlet. The challenge in the short term will be to cement the distribution channels for Global Online Television and our proprietary technology. Then, expect a full-scale marketing blitz in early Quarter 2 of 2008."

Mr. Luthmann continued, "Our parent company is excellent with regard to the know-how and support that they provide in this sector. Accepting this position was a 'no-brainer' once I saw the potential within GO TV and the backing that Atlantis Technology Group could supply. Atlantis Technology Group shareholders should be extremely exited."

Global Online Television Corporation was originally developed by Atlantis Technology Group as a media division that would explore and further media-based technology. The goal of GO TV will now be to develop and distribute revolutionary media technology combining high-definition television and streaming internet sources.


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.

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    Tim DeHerrera