Atlas Acquisition Holdings Corp. Announces Stockholder Approval of Dissolution and Plan of Liquidation

Atlas Acquisition Holdings Corp. (“Atlas”) (NYSE AMEX:AXG) (NYSE AMEX:AXG.U) (NYSE AMEX:AXG.WT) today announced that its stockholders voted at its special meeting held on March 15, 2010 to approve the dissolution of Atlas and a related plan of liquidation and distribution. Atlas has instructed its transfer agent, American Stock Transfer & Trust Company, LLC, to close its stock transfer books as of the close of business on March 16, 2010.

The board of directors of the Company expects that on or about March 16, 2010 the trustee of Atlas’ trust account will make a final liquidating distribution of the trust account in the approximate amount of $10.00 per share to the holders of common stock issued in Atlas’ initial public offering. Stockholders whose stock is held in "street name" through a broker will automatically receive payment through the Depository Trust Company. No payments will be made with respect to any of Atlas shares that were acquired prior to Atlas’ initial public offering or with respect to Atlas warrants.

Atlas filed a certificate of dissolution with the Secretary of State of the State of Delaware on March 16, 2010.

About Atlas Acquisition Holdings Corp.

Atlas is a special purpose acquisition company formed in 2007 by James N. Hauslein, Chairman and Chief Executive Officer, and Gaurav V. Burman, President, for the purpose of effecting a business combination. On January 30, 2008, Atlas completed its initial public offering of 20,000,000 units for an offering price of $10.00 per unit, or an aggregate of $200,000,000. Each unit consisted of one share of common stock, par value $.001, and one warrant.

Forward-Looking Statements and Other Disclosure

This press release contains, and Atlas’ management may make, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipates,” “may,” “can,” “believes,” “expects,” “projects,” “intends,” “likely,” “will,” “to be,” and other expressions that are predictions of or indicate future events, trends, or prospects identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Atlas to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. There is no assurance that Atlas’ expectations will be realized. If one or more of these risks or uncertainties materialize, or if Atlas’ underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated, or projected. Atlas’ forward-looking statements speak only as of the date of this press release or as of the date they are made, and, except as required by law, Atlas undertakes no obligation to update forward-looking statements.

Atlas Acquistion Hldg Corp (AMEX:AXG)
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