Atlantis Systems Corp.
TSX VENTURE : AIQ.H

Atlantis Systems Corp.

November 30, 2010 08:30 ET

Atlantis Systems Corp. Implements Share Consolidation

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - Atlantis Systems Corp. (NEX:AIQ.H) today announced that effective at opening of Markets today, Atlantis has implemented the Share Consolidation as approved by the Shareholders, the Board of Directors and the NEX, at a ratio of one (1) post-consolidation share for twenty (20) pre-consolidation shares. Atlantis Systems Corp. has not changed its name or its trading symbol. 

Letters of Transmittal with respect to the Consolidation were mailed to all registered Shareholders on November 12, 2010.

If Shareholders have not received certificates representing post-Consolidation Common Shares, registered Shareholders should follow the instructions set out in the Letter of Transmittal and send their certificates representing pre-Consolidation Common Shares, together with a properly executed Letter of Transmittal, to Computershare, the registrar and transfer agent of the Company. Beneficial Shareholders should contact their nominees with any questions regarding the procedures applicable to them.

Until surrendered, each certificate formerly representing Common Shares will be deemed for all purposes to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation.

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 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 OEM customers and defence organizations. To learn more, please visit the Company's web site at www.atlantissi.com.

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.

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