DOVER, N.H., May 8, 2012
/PRNewswire/ -- Although its financials will not be posted
until May 15, Racing Limos America,
Inc., a subsidiary of Atlas Technology Group (OTC: ATYG), is
expected to report a 50% increase in its Q1 2012 revenues over its
previous quarter.
"We will be able to confirm these numbers in a few days," says
Atlas CEO James Albion. "I am
confident the estimates will prove we have yet again shown a
revenues increase."
Albion is confident this is the start of a break out year for
Atlas and Racing Limos America. "We are getting a fairly
steady stream of emails for franchise inquiries," says
Albion. "Both from the U.S. and from Canada. Our most
popular inquiries in the past 30 days have been for information on
Los Angeles CA, Dallas TX, and Birmingham AL."
Albion also commented on response from north of the
border. "I received a franchise inquiry from Montreal, a follow up inquiry from
Vancouver, and one from
Halifax (Nova Scotia) within a 2-hour period," says
Albion. "Could be coincidental, but I think it's safe to say
the word is out on us."
For the holding company, the estimated $30 million swim & sports complex seems to be
getting closer to reality. "We are putting in an offer on 72
acres this week," says Albion. "Our feasibility study is
under way, and now that we have some options on the funding, we
have begun the search for a builder for both the complex and a
building for Racing Limos America's World Headquarters and Training
Center."
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 Racing Limos America, Inc.
