SOURCE: Atlantis Technology Group

December 10, 2007 10:13 ET

Atlantis Technology Group Subsidiary Global Online Television Corporation (GO TV) Unveils Short-Term Business Strategy

COLORADO SPRINGS, CO--(Marketwire - December 10, 2007) - Global Online Television Corporation ("GO TV"), subsidiary of technology company Atlantis Technology Group (OTCBB: ATNO), today outlined a short-term business plan to secure human capital and distribution exclusivity on several components that will further the company's long-term goals of development and distribution of cutting-edge media technology combining high-definition television and streaming internet sources.

"We are actively in the process of filling Board vacancies and adding several technical consultants that will aid us in keeping our timeline that focuses on the second quarter of 2008 intact," said GO TV CEO Richard A. Luthmann. "All of this is happening while we are in protracted negotiations with several parties for exclusive development and distribution rights for what GO TV have identified as target components above and beyond our existing portfolio of proprietary technology."

Mr. Luthmann further commented that some "significant organizational events" are expected to occur over the next few days, and that important news will be forthcoming. "We are in the process of filling our quiver with several arrows -- in fact what can be termed as an entire arsenal of resources." The GO CEO made further assurances that an aggressive expansion and marketing plan for GO TV is in the works, alluding to the media outlet's awesome market potential.


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
    Atlantis Technology Group