SOURCE: Atlantis Technology Group

November 20, 2007 09:15 ET

Atlantis Technology Group and Top Producer Real Estate Media Set to Launch an Internet-Based "Foreclosure Triage Center"

COLORADO SPRINGS, CO--(Marketwire - November 20, 2007) - Atlantis Technology Group (OTCBB: ATNO) and Top Producer Real Estate Media, LLC, announced the companies are developing and will soon launch a "Foreclosure Triage Center" as part of the Top Producer Real Estate Media's line of web-based offerings.

The housing market in the US is in a deep recession, and research indicates further declines in new construction, sales and prices are imminent. By the end of next year, falling home values, combined with rising payments on adjustable mortgages, tighter lending conditions and, in all probability, a faltering job market, will have unleashed mass foreclosures -- estimated at several hundred thousand to two million -- unless something is done to keep people in their homes.

Top Producer Real Estate Media, backed by Atlantis Technology Group, has created a solution for many homeowners. The Foreclosure Triage Center will deploy strategies to help homeowners on the brink of losing their homes avert foreclosure. These strategies include, may include, but are not limited to, restructuring the delinquency through creative financing or a deed exchange arrangement.

Atlantis Technology Group CEO Tim DeHerrera is optimistic at the prospects of the new program. "While lenders generally are supposed to work with homeowners to restructure their mortgages, that doesn't always happen the way it should. There is certainly a niche market here for pro-active homeowners who see stormy clouds on the horizon but still want to keep their homes."

Top Producer Real Estate Media, LLC, is a Real Estate Media Company with an internet focus that allows Realtors and Brokers to connect directly with potential buyers the streaming internet video and other internet resources. The company provides high-quality internet resources to realtors and brokers in order to facility the exposure and sales in the real estate market and related markets. Where other similar internet companies have been disappointing in their services and earnings, Atlantis Technology Group has identified what it believes to this point have been several unexploited income streams.

Top Producer Real Estate Media, LLC, offers virtual walkthroughs, streaming videos and live webcasts to subscribing realtors. Top Producer Real Estate Media, LLC, also promotes ancillary local and national real estate-related products and services including but not limited to lenders and financing, security systems and solutions, architects, engineers, landscape design, landscaping services, interior designers, property lawyers, contractors and insurance providers.

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