SOURCE: Atlas Capital Holdings, Inc.

September 15, 2011 09:00 ET

Atlas Capital Holdings, Inc.'s Subsidiary Has Signed a License and Commercialization Agreement for Algae Production

BOCA RATON, FL--(Marketwire - Sep 15, 2011) - Atlas Capital Holdings Inc. (OTCQB: ALCL) (OTCBB: ALCL) (the "Company") today announced that its wholly owned subsidiary, AlgaeTek Systems, Inc. (AlgaeTek Systems), has signed a License and Commercialization agreement with Algae Farm, Inc.

The agreement gives AlgaeTek Systems the right to use Algae Farm's intellectual property surrounding algae production for the entire life of its patents and trademarks. In addition, AlgaeTek will have the exclusive use of the intellectual property in six states including Florida, Alabama, Mississippi, South Carolina, North Carolina and Georgia. Algae Farm will also assist with the development of the production facility and with the commercialization of the algae produced.

"This agreement launches us into the renewable energy space. Algae production has a multitude of uses including bio-feedstock for biofuels, biodiesel, commercial aviation jet fuel, military jet fuel, naval ship fuel, bio-cosmetics and nutraceuticals (nutritional supplements eg: Omega 3, EPA, DHA). The current administration is placing a heavy focus on generating alternative fuel sources and we believe this opportunity will position us as a major player in this arena," stated Christopher Davies, CEO of Atlas Capital Holdings, Inc.

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