DOVER, N.H., May 9, 2012 /PRNewswire/ -- Racing Limos America,
Inc., a subsidiary of Atlas Technology Group (OTC:ATYG), is
estimating revenue gains for its franchisees for an 8th consecutive
quarter.
Although firm numbers are not yet complete, Racing Limos America
is reporting Q1 2012 gains for its franchisees. The estimates
show increases from the previous quarter as well as from the same
quarter last year.
"Almost all franchisees have reported their numbers," says
Racing Limos America President and Atlas CEO James Albion. "We are confident that when
all franchisee numbers are confirmed, we'll be able to report yet
another quarter of growth. This further illustrates that our
new business model is in full throttle forward, and is a testament
to the diligence and commitment of our franchisees to the
business."
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.
