SOURCE: Atlantis Technology Group

November 14, 2007 09:15 ET

Atlantis Technology Group and Intervision, LLC, Reach Agreement for the Development and Marketing Rights of the Revolutionary iSTREAM Console

COLORADO SPRINGS, CO--(Marketwire - November 14, 2007) - Technology company Atlantis Technology Group (OTCBB: ATNO) and Intervision, LLC, announced a multi-year agreement for the financing, development and marketing the iSTREAM Console. The company is extremely optimistic about the development prospects of this technology which already has the ability to reach a limitless number of users and consumers worldwide.

Under the terms of the agreement, the Atlantis Technology Group will have exclusive development rights of the iSTREAM console and be spearheading the future development of the iSTREAM 2.0 Wi-Fi Console, which the company believes may be ready for market release as early as the first quarter of 2008. Atlantis Technology Group will research several of the technology's other potential applications. Information on these plans is forthcoming.

The flagship division of Intervision, LLC, IVNET.TV, an integrated e- commerce, media and communications solutions provider, will be central to the planned development and marketing agenda. The iSTREAM Console allows users the ability to watch streaming video and internet programs and also to send live broadcasts directly to streaming internet (IPTV) and satellite channels.

Atlantis Technology Group is excited about the potential for development of the iSTREAM as part of a marketing and media focused entertainment platform. IVNET.TV already offers retailers, manufacturers, and services entities a multi-lingual single-platform system for business development, market penetration, product roll-out and broadcast channel launch. Atlantis Technology Group believes that further development of the iSTREAM Console can only enhance these valuable attributes that the IVNET.TV system already possesses and shake the fundamental dynamics of the global internet television medium.

"We quite possibly could be sitting on the next technological revolution of our time," said Atlantis Technology Group CEO Tim DeHerrara. "With the proper funding mechanisms, development plans, market positioning and distribution networks in place, IVNET.TV and the iSTREAM may do for internet television what the likes of Vonage® and Skype® have done for internet telephone, and Atlantis Technology Group has the ability, expertise, global network and market know-how to make this a reality. The iSTREAM has the potential to compete with existing cable and satellite providers on a global level, with the ability to reach limitless users and consumers the world over."

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