DOVER, N.H., Feb. 25, 2013 /PRNewswire/ -- Atlas
Technology Group, Inc. (OTC Pink: ATYG), the holding company
for Racing Limos America, Inc., an emerging advertising and
marketing company with franchise operated locations, specializing
in multi-media marketing partnerships, announced today that the
Company has solidified its plan for a global expansion of its brand
and franchise operations. This expansion will include the U.S.,
Canada, the U.K. and very likely,
the Middle East Region. The combination of the new business model
and creation of international subsidiary companies is expected to
bring $25 million in revenue over the
course of the next 4-6 quarters.
New corporate subsidiaries are being set up in Canada (Racing Limos Canada™) and the UK
(Racing Limos UK™), which will be wholly owned under Atlas
Technology. A third corporate subsidiary for the Middle East is also being planned. Through
research performed to date, the company estimates thousands of
potential franchise locations worldwide.
The business, with its expanding subsidiaries, will be focused
strongly on marketing via multimedia and social media as well as
advertising which eliminates much of the risk of the old business
model, that being essentially a "paid ride" revenue model. Racing
Limos America™ possesses proprietary intellectual property
including patents and trademarks, and customized race-car themed
stretch limos. The Company's objective is to become a serious part
of the $200 billion outdoor marketing
industry, as well as integration with the $10 Billion limo industry.
"The beauty of our business model," says Atlas CEO and Racing
Limos America, Inc. President James
Albion, "is that we are dependent on the advertising &
marketing aspects of the business, which is nearly
recession-proof. We can thrive in this adverse and stagnant
economy, and as more government regulations put a stranglehold on
the oil industry, which I believe will send gas prices soaring, gas
prices will have very little effect on our revenue structure."
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 us
online at 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@atyg.net
SOURCE Atlas Technology Group, Inc.
