January 28, 2008 15:34 ET

Atlas America, Inc. Declares Cash Dividend of $0.05 per Share

PHILADELPHIA, PA--(Marketwire - January 28, 2008) - Atlas America, Inc. (NASDAQ: ATLS) ("the Company") announced today that its Board of Directors has declared a cash dividend of $0.05 per share of common stock, payable on Thursday, February 14, 2008, to shareholders of record on Thursday, February 7, 2008.

Atlas America, Inc. owns an approximate 48% common unit interest and all of the Class A and management incentive interests in Atlas Energy Resources, LLC (NYSE: ATN), and a 64% interest in Atlas Pipeline Holdings, L.P. (NYSE: AHD), a limited partnership which owns the general partner interest in Atlas Pipeline Partners, L.P. (NYSE: APL), and all the incentive distribution rights and 5.5 million common units of APL. For more information, please visit our website at www.atlasamerica.com, or contact Investor Relations at bbegley@atlasamerica.com.