ATYT Ati Technologies

HARTFORD, Conn., Aug. 19 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons who purchased the common stock of ATI Technologies Inc. (NASDAQ:ATYT) ("ATI") between October 7, 2004 and June 23, 2005 (the "Class Period"). The Complaint alleges that ATI violated federal securities laws. Specifically, the Complaint alleges that, during the Class Period, ATI issued a series of materially false and misleading statements regarding ATI's business and prospects and concealed serious operations issues that would have a material effect on its financial results. On June 6, 2005, ATI warned that its revenue for the third quarter 2005 would fall well below its previously announced forecast. On June 23, 2005, ATI reported a quarterly loss of $445,000 compared to a profit of $48.6 million in the third quarter 2004 and further reduced fourth quarter 2005 revenue expectations by $20-$50 million. If you are a member of the class, you may, no later than October 17, 2005, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). While Schatz & Nobel has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at , or visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton or Nancy A. Kulesa Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton or Nancy A. Kulesa of Schatz & Nobel, +1-800- 797-5499, Web site: http://www.snlaw.net/ x

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