Replies to post #9201 on Atlas Technologies Group (ATYG)

[mgrego]

Initial emotions from last week have died down somewhat. This message from the CEO has been posted on different boards. Some good information. Seems like the CEO has been calmed down (Mr. Libby?) and responded how you expected him to the first time. Message has not changed but the tone has.

ATYG CEO email response...

There will be news in the coming days and weeks, including financials for the second quarter. June was a slow month for news, but not that slow of a month. Putting out a press release every time we move at all seems misleading, so we typically put out news when we have something significant to say. We are a "real" company working in a long term developmental format.

For example, selling a franchise. Typically, after some back and forth, an interested perspective Franchisee might sign a Letter of Intent. Depending on the size of the franchise territory, they could then have 3-6 months to close the deal. To put out news that we are talking and shuffling paper back and forth is, in my opinion, ridiculous, so you may hear little or nothing about that progress for weeks or even months. Same is true with national marketing partnerships. We may submit a proposal to, say, Mohegan Sun resorts. This process could go through several changes, upgrades, modifications, negotiations, etc. From the time they agree to a deal to the time we commence the partnership could still be 4-8 months away.

I am aware of the lack of news, as I have had a pummeling of email, social media, and on the boards comments about it. Please also remember press releases cost anywhere from $200 - $950 per release. That means semi-monthly releases would be a budget of upwards of $20,000 annually. If I am going to authorize that kind of spending, regardless of the size of our revenues, there will be a reason behind each and every press release.

How you choose to invest, or whether you choose to invest with us at all is up to you. My best advice is to watch the press releases, review the financials, keep an eye on social media, then determine whether we are the real deal or not.

Thank you for your email, and for investing with us. We take seriously and are humbled that all of you invest your hard earned money in our company.

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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