SOURCE: Atlas Capital Holdings, Inc.

September 12, 2011 11:23 ET

Atlas Capital Holdings, Inc. Provides Update on Due Diligence of Textraw

BOCA RATON, FL--(Marketwire - Sep 12, 2011) - Atlas Capital Holdings Inc. (OTCQB: ALCL) (OTCBB: ALCL) (the "Company") today provided an update on its due diligence of Textraw, Inc. a Georgia corporation that engineers and distributes an environmentally-friendly "green" synthetic ground cover manufactured from recycled materials composited from common landfill items.

"We are in our final phase of due diligence of the Textraw business model and are pleased with our findings to date. Once the due diligence is successfully completed, we will move aggressively to execute the purchase agreement. With our GreenTech business strategy, it is our goal to close three acquisitions of companies providing green products and services, clean energy solutions or related technology by the end of 2011. We are well on our way to achieving this goal and look forward to reporting on these companies in the near future, " stated Christopher Davies, CEO of Atlas Capital Holdings, Inc.

Note, the August 9th press release erroneously listed Textraw as a Florida corporation. Textraw, Inc. is a Georgia corporation.

About Atlas Capital Holdings, Inc. Atlas Capital Holdings, Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Atlas Capital Holdings, Inc. undertakes no obligation to update such statements.

Contact Information

  • CONTACT:
    Atlas Capital Holdings, Inc.
    Christopher Davies
    561-488-7623