SOURCE: Atlantis Technology Group

November 14, 2007 09:15 ET

Atlantis Technology Group Announces Three-for-One Forward Stock Split Pushed Back One Week

COLORADO SPRINGS, CO--(Marketwire - November 14, 2007) - Technology company Atlantis Technology Group (OTCBB: ATNO) announced today the three-for-one forward stock split originally announced for November 21, 2007, will be pushed back one week until November 28, 2007, in order to fully allow the company's comprehensive organizational plan to be executed. The record date has also been pushed back one week to November 23, 2007.

Atlantis Technology Group has committed to a three-for-one forward stock split of the issued and outstanding shares of the Company's common stock. As it stands now, as of Wednesday, November 28, 2007, shareholders of Atlantis Technology Group will automatically receive two additional shares of common stock for each share of record held on November 23, 2007, constituting a three-for-one forward stock split.

The change in date of the forward stock split was decided by management, who believe that the newly implemented organizational plan and related compliance can better be accomplished at a time other than the Thanksgiving week, a short trading week with historically lower volume and minimized staffing. The forward stock split will occur automatically to Atlantis Technology Group shareholder accounts from the company treasury on November 28, 2007, at the applicable market price as of that date.

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.

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:
    Tim DeHerrera
    719-598-2469