ATYG Atlas Technology Group Inc (PK)

DOVER, N.H., Feb, 12, 2013-- Racing Limos America, Inc., a
subsidiary of Atlas Technology Group, Inc. (ATYG) (OTC Pink: ATYG), reviews 2012 and previews 2013.

“2012 proved to
be a very difficult and challenging year for the Company,” stated Atlas CEO and
Racing Limos America™ President James Albion.

During the
year, Racing Limos America™ had signed three franchisee “letters of intent”
just to have two of them fall through and a third put on hold.  In addition, the company suffered many
financial struggles during the entire year.

ATYG’s
struggles deepened as three funding contracts with three different groups ultimately
faltered.  In the middle of its
struggles, ATYG President Tyler Libby decided to resign for personal reasons.

“The Company
kept hitting pot-hole after pot-hole,” said Albion. “There were nights I felt
like giving up the ship and asked myself, ‘why am I doing this?’ But I also
knew that if I could remain focused and look ahead at the potential of the
business and continued ahead with a positive attitude, I could eventually ride
out the storm and that’s exactly what seems to be happening.”

During the
first half of Q4 2012, the Company brought a new, experienced and financially
sound funding group to the table. Since the turn of the year, one of the two
franchisee groups that originally withdrew their “letter of intent” is back in
discussions, and the group on hold for the Miami territory is moving forward
again toward a scheduled closing by or before the end of Q1 2013.  “If all goes well,” says Albion, “The Miami
territory will be open by Memorial Day.”

“These first
weeks of 2013 bring great promise for both Racing Limos America™ and Atlas
Technology Group,” Albion continued. “Over the next few months, we will
complete our first phase of funding and solidify the share structure of the
Company.  At that time, Racing
Limos America™ will be in the midst of its planned expansion.”

The Company also
has recently received franchise inquiries from several U.S. cities, Canada,
London, and the Gulf region in the Middle East. In addition, the Company is
working diligently to complete and satisfy compliance regulations to operate
around the globe.

ATYG will soon
have new subsidiaries within its holding family beyond Racing Limos America™:
Racing Limos Canada™, Racing Limos UK™, and a Racing Limos corporate identity
for the Middle East should that opportunity pan out.

“It’s getting
exciting again, except this time on a very positive note,” says Albion. “I’m
buying new sunglasses. I see bright and sunny skies ahead.”

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.

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