Atlas Technologies Group (ATYG)

[PADRINO]

Here is the email...

Can't share updates here, obviously, but yes, the silence has been intentional. There are a lot of things going on, but much of it that's happening is developmental and is taking a while to develop. There will be news when we have more confidence in the end results.

Part of the buyback has been accomplished (we recently retired an additional 250m shares). I'm not sure how much more we will do. I had thought retiring a billion shares would have helped with shareholder confidence, but clearly it has not. In addition, I've received some shareholder email and someone forwarded me an iHub message board post that shareholders will not be confident to support the stock unless we buy back all but a billion shares, which is simply unattainable. So it appears conducting any type of buyback was pointless and waste of very valuable time, effort, and cash at our end.

That's about all I can say at this point. Thank you for your email.

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Respectfully,

James J. Albion, CEO, Chairman
Atlas Technology Group, Inc.
President, Racing Limos America, Inc.
P.O. Box 487 * Dover, NH 03821-0487 * USA
[phone] * Fax [phone]
visit us online at http://www.racinglimosamerica.com
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