DOVER, N.H., March 18, 2013 /PRNewswire/ -- Atlas
Technology Group, Inc. (OTC Pink: ATYG), the holding company for
Racing Limos America, Inc., (http://www.racinglimosamerica.com/) an
emerging advertising and marketing company with franchise operated
locations, specializing in multi-media marketing partnerships,
announced today that pursuant to the stock buyback announced last
week, interesting data has been gathered regarding the trading
activity in the Company's stock. Currently in the public float,
there are just over 4.7 billion shares, and over 3.7 billion of
these shares remain in certificate form, are still in the deposit
process, or have been confirmed as in a "hold" position.
During this last week, over 385 million shares were traded;
according to otcshortreport.com, over 241 million shares of the
volume were sold short. See this link:
http://otcshortreport.com/index.php?index=ATYG&action=view
Nevertheless, Atlas Technology is committed to buying back half
of the public float. CEO James
Albion said, "I am mystified over how these institutions can
abuse micro cap companies. We are going to continue the fight and
force coverage of these short positions. Our business is moving
along nicely; we expect to make several announcements on expansion
of business internationally in the coming weeks. There is no reason
for the unconscionable actions on the part of trading institutions
to try to put us out of business.
"I have personally verified the whereabouts of nearly every
share of our stock. As stated, almost 80 percent of the stock in
the float is either in certificate form, has not completed the
deposit process, or has been confirmed to be in a 'hold' position.
So how can it be sold legally? We are continuing to gather
financial resources to get our stock price back to respectability.
We will win this battle," Albion concluded.
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: Atlas Technology Group, Inc.: Investor Relations
at (603) 285-0015 or by email at investorrelations@atyg.net; view
our FACT SHEET at:
http://www.racinglimosamerica.com/images/stories/atyg-fact-sheet-jan2013.pdf
SOURCE Atlas Technology Group, Inc.