DOVER, N.H., Nov. 30, 2012
/PRNewswire/ -- Atlas Technology Group (OTC: ATYG) has decided
to "reverse the reverse" and NOT reverse split the stock.
"We had been discussing a reverse of the stock since March,"
says Atlas CEO James Albion.
"We wanted to avoid it, but by the end of third quarter, it looked
like we would have no choice. Other circumstances have since
transpired that have allowed us to back off a reverse of the stock
and move forward as is."
"The best thing we can do right now," says Albion, "is get
things back to the way they were, then decide about things like the
name and symbol change later."
About Atlas Technology Group, Inc.
Headquartered in Dover, NH, Atlas
Technology Group, Inc. is a holding company, with its primary
holding being Racing Limos America, Inc.
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: Investor Relations at (603) 285-0015 or by email at
investorrelations@atyg.net
SOURCE Atlas Technology Group
