DOVER, N.H., May 13, 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, has posted its Q1 2013
Financial Report. The report includes revenues for the
quarter of just under $69,000 - about
57% of all 2012 company revenues and a 71.8% increase over the same
quarter last year.
"We had a fabulous first quarter," says Atlas CEO and Racing
Limos America, Inc. President James
Albion. "We're on pace to better than double our
revenues over last year. And this doesn't include our private
funding on the way."
The Company says they are still planning a stock buyback and
other methods of contracting the outstanding shares. "We
still want to reduce the outstanding free-trade shares by at least
half," says Albion. "Stronger revenues will not only allow us
to reduce the outstanding shares, but will give us room to execute
a stronger marketing program to grow the business here in the U.S.
and abroad."
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: (603) 285-0015; by email:
investorrelations@atyg.net visit us online:
http://www.racinglimosamerica.com * FACT SHEET:
http://www.racinglimosamerica.com/images/stories/atyg-fact-sheet-jan2013.pdf
SOURCE Atlas Technology Group, Inc.