SOURCE: Atlantis Internet Group Corporation

Atlantis Internet Group Corporation

May 03, 2011 06:30 ET

Atlantis Internet Group Hires Red-Horse Financial Group as Financial Advisers

Names New COO and Legal Counsel

LAS VEGAS, NV--(Marketwire - May 3, 2011) - Atlantis Internet Group Corp (PINKSHEETS: ATIG) announced today that it has hired Red-Horse Financial Group (RHFG) as its Financial Advisers. RHFG is an American Indian-owned financial services/investment banking firm specializing in the tribal gaming and commercial gaming sectors. RHFG assists Tribes in structuring financial strategies and long term economic development planning.

The financial advisory team, led by Wall Street powerhouse Valerie Red-Horse, has assisted in tribal debt transactions and/or financial advisory mandates ranging from $1 million to $500 million totaling in excess of $2 billion dollars in transactions and has worked with over 50 tribal nations. Owner Valerie Red-Horse has more than 30 years of in-depth experience in the financial services and investment banking industry and holds seven securities (FINRA) licenses.

ATIG also named Jon Goldstein as its new COO. Goldstein, an 18-year veteran of the gaming industry, is an entrepreneur with a proven track record of organizing and managing effective teams to create profitable ventures. Goldstein co-founded, and has been chairman and CEO of a global, gaming software company since March of 2003. Goldstein holds over 100 gaming licenses in Tribal and Commercial Casinos in the U.S. and has product (over 4000 games) in over 35 countries worldwide.

ATIG has also named Toni Cowan as its Legal Counsel for Gaming Compliance. Cowan most recently served as a consultant for the gaming industry. Previously she was an attorney with the National Indian Gaming Commission, Vice President for Gaming Compliance for Americans Aristocrat Technology, Senior Deputy Attorney General to the Nevada State Gaming Control Board and Senior Counsel to the New Jersey Gaming Commission. Her knowledge has equipped her with experience covering the longest regulated gaming jurisdictions in the nation. Cowan's multi-jurisdiction gaming regulatory experience will enhance the opportunities ATIG is pursuing.

With the recent indictments of three of the largest Internet Poker companies that accepted U.S.-based players, a deep and comprehensive understanding of the Federal and State laws and regulations as they affect traditional and online gaming in the U.S. is critical. ATIG's Tribal Gaming Network was designed to operate within the guidelines of the Unlawful Internet Gaming Act ("UIGEA") and Indian Gaming Regulatory Act ("IGRA") and will offer among other casino games the first legal nationwide Poker Network on Indian lands. These new additions to the Atlantis team have the legal and gaming experience to enhance both the public and gaming aspects of ATIG.

ATIG has also included Native American decision makers in its efforts to develop a true Tribal Gaming Network in the areas of development, ownership, and operation. "In a recent article written after the NIGA conference in Phoenix, there was a call for more Native American participation on the side of suppliers, and we plan to give Tribes that opportunity," said Donald L. Bailey, president and CEO of Atlantis Internet Group, Corp.

Mr. Bailey will be a panel speaker at the iGaming conference May 4 at the Monte Carlo Resort & Casino in Las Vegas. ATIG will also have a Tribal Gaming Network exhibit at the GiGSE Gaming Summit at the Fairmont Hotel in San Francisco May 17-19. ATIG will feature Motor City recording artist Freda Payne as a special guest at its exhibit.

Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

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