Atlas Technology Expects $25 MILLION in Revenues through Q2 2014 Through Global Franchise Expansion
26 February 2013 - 3:45AM
OTC Markets
Atlas Technology
Expects $25 MILLION in Revenues through Q2 2014 Through Global
Franchise
Expansion
Each Region will
have a Wholly Owned Subsidiary Company under the Parent Company,
Atlas
Technology and Will Use Vastly Improved and More Efficient Revenue
Model
10:50am EST, February 25, 2013
Dover, NH: Atlas Technology Group, Inc. (OTC
Pink: ATYG), is 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
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