Atlantis Systems Corp.
TSX VENTURE : AIQ.H

Atlantis Systems Corp.

August 02, 2011 11:54 ET

Atlantis Systems Corp. Announces Change of Auditors

TORONTO, ONTARIO--(Marketwire - Aug. 2, 2011) - Atlantis Systems Corp. (NEX:AIQ.H), a globally recognized training integrator in the military and commercial aviation markets, today announced that its Board of Directors, on recommendation of the Audit Committee, has appointed Deloitte & Touche, LLP, Halifax ("Deloitte") as the Company's new independent auditors, replacing the firm MNP LLP, ("MNP"). The decision to change auditors was not the result of any disagreement between the Company and MNP on any matter of accounting principals or practices, financial statement disclosure, or auditing scope or procedure.

The Company confirms that there have been no reportable events as defined in the National Instrument 51-102, Continuous Disclosure Obligations, and, in its opinion, there are no reportable events pending.

In accordance with National Instrument 51-102, the Company has filed a Notice of Change of Auditor ("Notice") and has received a response letter from the Former Auditor confirming their agreement with the information provided in the Notice. The Company has also received a response from the Successor Auditor confirming their agreement with the information provided in the Notice. The Notice and response letters have been filed on SEDAR.

"The Corporation would like to thank MNP for their services over the past two years", said David Williams, Chair of the Audit Committee.

Forward-Looking Statements

Atlantis assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Additional information regarding risks and uncertainties that could affect Atlantis' business is contained in the Business Risk Factors section of Atlantis's Annual MD&A which is available on SEDAR at www.sedar.com.

About Atlantis Systems Corp.

Atlantis Systems (NEX:AIQ.H) uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation and civil aviation ensure the feasibility, capability, and effective utilization of their complex assets. Simply stated our business is leveraging partnerships and technology to put competent people on the job consistently, faster. In more than 30 years of operation, Atlantis has developed a solid reputation for its creative workforce and innovative solutions in supporting global Original Equipment Manufacturer (OEM) customers and defence organizations. To learn more, please visit the Company's web site at www.atlantissi.com.

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