SOURCE: Atlantis Technology Group

November 09, 2007 09:15 ET

Atlantis Technology Group Subsidiary Has Identified Bio-Diesel as a Significant Source of Renewable Energy

COLORADO SPRINGS, CO--(Marketwire - November 9, 2007) - Atlantis Technology Group's (OTCBB: ATNO) energy division, industry innovator Atlantis Energy Corporation, has identified a raw alternative and renewable energy source in the form of bio-diesel waste as a target market.

Atlantis Energy Corporation is actively seeking agreements with companies that collect, transport, chemically treat and redistribute raw bio-diesel created from restaurant waste, which Atlantis Energy Corporation views as a significant source of alternative and renewable energy with massive upside potential to meet growing market energy demand for low-cost, high-yield output fuel.

Atlantis Energy is seeking to make strategic business alliances with several who state they have developed patent-pending technology for the production of high quality diesel fuel from waste greases. With the escalating costs of diesel fuel worldwide, this alternative method for producing diesel fuel is looking more and more attractive for firms that have the ability to collect, transport, treat and redistribute the end product bio-diesel.

Atlantis Technology Group President Tim DeHerrera is optimistic about the prospects for success in the bio-diesel collection, transformation and re-distribution field. "The waste grease is what interests us as a renewable waste source that, as it now exists, is solely a burden and cost to businesses. It is our intention form relationships with companies in these newly explored areas of energy harnessing and produce large-scale distribution of this raw source of fuel. The bio-diesel industry lacks U.S. distribution and wide scale development, two facets that we believe Atlantis Technology Group and Atlantis Energy Corporation can bring to the market."

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