SOURCE: Atlantis Technology Group

November 12, 2007 15:47 ET

Update: Atlantis Technology Group Enters Into Protracted Negotiations Regarding the Development and Distribution Rights of the Revolutionary i-Stream Console

COLORADO SPRINGS, CO--(Marketwire - November 12, 2007) - Technology development pioneer Atlantis Technology Group (OTCBB: ATNO) announced today the group had entered protracted negotiations with i-Stream Console and Global Broadband Television developer Intervision, LLC, for the development and distribution rights of the company's revolutionary i-Stream Console media system.

The flagship of Intervision, LLC, is IVNET.TV, an integrated e-commerce, media and communications solutions provider. The company offers retailers, manufacturers, and services entities a multi-lingual single-platform system for business development, market penetration, product roll-out and broadcast channel launch.

A major component of the IVNET.TV system, which is in the late stages of testing and development, is the i-Stream Intuitive Transmedia Vector Set-Top Box. This i-Stream Console allows users the ability to browse the internet using a remote control and wireless keyboard while watching streaming videos and flash videos on your plasma, analog, or HDTV in high resolution quality.

The i-Stream Console was referred to in earlier developmental stages and in an earlier press release as the "i-Box." However, the parties have agreed that since several companies already have proprietary technology that already bear that trademark, the term "i-Stream Console" will be used to refer to the technology from this point forward. The i-Stream Console does not and was never intended to refer in any way to technology or protected intellectual property rights that include but are not limited to the Apple® iBox™, the iBox™ by W2IHY, iBox® The Place for Apple, the GE Energy iBox™ Serial Substation Controller, or any of the several products available worldwide that bear the name "i-Box," I-Box," "i-box," "IBOX" or "iBOX."

Atlantis Technology Group sees the potential for the technological revolution that may be catalyzed by the introduction of the i-Stream Console to the way Global Internet and Satellite Television is received by the average consumer as akin to the introduction of internet telephone services such as Skype® and Vonage®. The company is also extremely excited about the possible advertising and marketing applications of the i-Stream Console, insofar as it permits companies to create, design, edit and launch new products and media content within a secure, controlled "test" market before official roll-out. According to Atlantis Technology Group CEO Tim DeHerrera, "Based on extensive market research and testing, the i-Stream Console is, to our knowledge, the only fully-functional, open, IP set-top box with practical market applications and large-scale distribution potential."

Atlantis Technology Group and Intervision, LLC, are currently in protracted negotiations regarding the development and distribution rights of the i-Stream Console media system based on a Letter of Intent signed by the parties in early October 2007.

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