DOVER, N.H., Nov. 22, 2011 /PRNewswire/ -- Racing Limos
America, Inc., a subsidiary of Atlas Technology Group
(OTC:ATYG.PK), is reporting strong third quarter revenues.
The company is reporting a near 2,000% increase in revenues over
second quarter.
"We are starting to see more active interest in our marketing
partnerships and with payments being made on a couple of franchise
locations, so it looks like we're starting to roll," says Atlas CEO
and Racing Limos America™ President James
Albion. "With the holidays coming, it's advertising
season, and we hope to take full advantage of that."
Albion says they are pursuing major shopping malls, ski resorts,
and casinos for the holiday season with short-term promotions to
help these major partners get a feel for working with Racing Limos
America. "I am confident that once they have a taste of our
effectiveness, we will have opportunities to capture marketing
partnerships for 2012."
Additionally, with all franchise locations reporting,
franchisees posted, on average, a 10.1% gain in 3rd quarter over
2nd quarter, and just over 12% better than the same quarter last
year.
About Racing Limos America, Inc.
Headquartered in Dover, NH
Racing Limos America, Inc. is a franchise operating system of race
car themed stretch limousines, focused on advertising and marketing
partnerships, business-to-business relationship development, and
specialty transportation. For more information visit
www.racinglimosamerica.com
Forward-looking Statements:
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company's growth and business
strategy. Words such as "expects," "will," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors
in the market(s) in which the Company operates; risks associated
with operations outside the United
States; and other factors listed from time to time in the
Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
CONTACT: Racing Limos America, Inc. Investor Relations at
(800) 399-6717 or by email at
investwithus@racinglimosamerica.com
SOURCE Atlas Technology Group
