Atlantis Systems Corp.

Atlantis Systems Corp.

August 11, 2009 13:45 ET

Atlantis Systems Corp Files Application to Trade on NEX Exchange. TMX Extends Deadline for Delisting

TORONTO, ONTARIO--(Marketwire - Aug. 11, 2009) - Atlantis Systems Corp. (TSX:AIQ) today announced that further to TSX Bulletin #2009-0903 dated July 13, 2009, the common shares of the Company will now be delisted at the close of market on August 19, 2009.

The Company has applied to have its common shares listed on the NEX, another Canadian Stock Exchange. The application is currently under review.

About Atlantis Systems Corp.

Atlantis Systems (TSX:AIQ) uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation, civil aviation and nuclear energy ensure the feasibility, capability, and effective utilization of their complex assets. In more than 30 years of operation, Atlantis has developed a solid reputation for its creative workforce and innovative solutions in supporting global OEM customers and defence organizations. To learn more, please visit the Company's web site at

Forward-Looking Statements

Certain statements in this release are considered "forward-looking". These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. The material factors and assumptions that were applied in making the forward-looking statements in this release include but are not limited to assumptions regarding: ComVest not taking any action to enforce its default rights and remedies under its lending arrangements with us; and opportunities being available in the near term to rectify our continued listing deficiencies. Material factors that could cause Atlantis' actual results to differ materially from the forward-looking statements in this release include risks and uncertainties relating to: our ability to source capital to fund our operations, both in the near term and long term; our ability to repay debt on demand; and our ability to operate as a going concern. Atlantis cannot provide any assurance that the predictions of forward-looking statements will materialize. 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 and the Description of the Business - Risk Factors section in Atlantis' Annual Information Form, both of which are available on SEDAR at

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