SOURCE: Atlantis Technology Group

November 15, 2007 09:15 ET

Atlantis Technology Group to Target Local Television Markets With the iSTREAM Console

COLORADO SPRINGS, CO--(Marketwire - November 15, 2007) - Atlantis Technology Group (OTCBB: ATNO) and Intervision, LLC, developer of the iSTREAM Console, have announced a multi-phased marketing plan, the first phase of which is to target local television markets and offer a cost efficient and effective alternative means of broadcasting.

Atlantis Technology Group have identified a market need for local broadcasting that both Intervision, LLC, and Atlantis Technology Group believe can be exploited by the iSTREAM Console. The market conditions, as they stand now, make the prospect of broadcasting to the local audience via cable and satellite providers a costly enterprise for local channels. Market research indicates that for a local television station to be included on the service offering of a cable or satellite provider carries an average national cost of $49,000 per month, a fee that is often levied regardless of viewership numbers. Insofar as viewership numbers translate into advertising revenues for the television station, the fees required by the cable and satellite providers are extremely onerous for the smaller local stations. The iSTREAM Console has the potential to change this business model by bringing down the average cost relative to viewership and by increasing actual viewership.

The iSTREAM Console allows users the ability to watch high-definition streaming video and internet programs on their televisions. A market-changing characteristic of the iSTREAM Console is its portability. The iSTREAM Console works worldwide and allows users and consumers the ability to view the network of their choice from anywhere in the world. This means that an executive from Dayton, Ohio, who is on business in New York, London, Singapore, Buenos Aires or anywhere else in the world can bring his iSTREAM Console and have direct access to his local news broadcast for Dayton, Ohio, as well as targeted local advertising. The iSTREAM Console also allows individuals from around the world to access that same channel. By way of example, if there were a presidential debate in Dayton, Ohio, users of the iSTREAM could tune in to the Dayton channel and see local coverage on the debate, a perspective not offered by the national news networks.

Another related feature of the iSTREAM Console is the ability of the device to instantly translate between 13 languages. With software that has been developed by and is proprietary to Intervision, LLC, the iSTREAM Console instantly translates from the broadcast source language to the user's selected language. This means that users can watch a local broadcast that emanates from Caracas, Venezuela, Seoul, South Korea, or Riyadh, Saudi Arabia, and watch the broadcast in English, Spanish, French or one of ten other languages if they so desire.

Atlantis Technology Group is excited about the potential for development of the iSTREAM Console, especially as it relates to local broadcasting. Intervision, LLC, has already identified several potential distribution channels and is seeking to enter into more definitive agreements in the very near future.

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
    CEO
    719-598-2469