SOURCE: Atlantis Technology Group

February 25, 2008 14:42 ET

Atlantis Technology Group Announces That Director Gerald Jacoby Returns Seven Million Five Hundred Thousand Shares to Company Treasury

CARSON CITY, NV--(Marketwire - February 25, 2008) - Atlantis Technology Group (OTCBB: ATNO) announced today that Director Gerald Jacoby returned seven million five hundred thousand shares of common stock to company treasury.

CEO Christopher M Dubeau stated in part, "Mr. Jacoby has returned the 7,500,000 shares to reduce the amount of issued and outstanding shares for the benefit of the company and shareholders. It is unfortunate that the OTC reporting systems are consistently showing disproportionate unsettled positions creating constant selling pressure, spreading fear to all current shareholders and potential new investors."

ABOUT GLOBAL ONLINE TELEVISION

Global Online Television Corporation was originally developed by Atlantis Technology Group as a media division that would explore and invest in media-based technology. The goal of GOTV is to develop and distribute revolutionary media technology combining HDTV and streaming internet sources. To find out more about Global Online Television please visit http://www.globalonlinetelevision.com.

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. To find out more about Atlantis Technology Group please visit http://www.atlantistechnologygroup.com

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:
    Christopher M Dubeau
    CEO
    702-988-1227