DOVER, N.H., Dec. 11, 2012 /PRNewswire/ -- Racing Limos
America, Inc., a subsidiary of Atlas Technology Group, Inc.
(OTC:ATYG), is reporting prospective funding which would allow the
company to plan its opening of new franchises.
"We've been working with a couple of groups over the past few
months," says Atlas CEO and Racing Limos America President
James Albion. "We feel VERY
good that Q1 2013 will bring us the opportunity to open between 3
and 5 company operated franchises. In addition, the funding
would allow us to offer some in-house financing to get Miami to final closing so they can get
moving."
Albion says Miami has been
trying to finalize their financial structure to not only complete
the Miami purchase, but to have
the needed capital to initiate operations. "I decided to give
the Miami group some flexibility
to finish the deal," says Albion. "They have a strong,
experienced group ready to move forward. We are all in it to
not only open Miami as a major
city location, but to bolster presence in the heart of the
multi-billion dollar Hispanic Market."
Other prospective Racing Limos America™ locations being
considered with the funding include Atlanta, Birmingham (AL), Boston, Dallas, Indianapolis, and Springfield (MA). Montreal, if the paperwork and legal process
were completed, would be the first Racing Limos Canada™
location.
"The funding process has been a long, arduous one," says
Albion. "We really feel we are in the home stretch, which
means the beginning of our long-term expansion plans nationwide and
into Canada."
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
(603) 285-0015 or by email at investorrelations@rlihinc.com
SOURCE Atlas Technology Group, Inc.
