DOVER, NH--(Marketwire - January 10, 2011) - Racing Limos America, Inc., a subsidiary of Atlas Technology Group (PINKSHEETS: ATYG), is pleased to announce the start of its anticipated plans for expansion in 2011.
"The Atlas Technology acquisition boosts our financial position, allowing us to push ahead to the anticipated expansion of the Racing Limos brand to a national level," says Chairman James Albion.
Albion stated the 2011 year will commence with the completion of a comprehensive website renovation, including strongly developed Marketing Partnership and Franchise Opportunity sections. The Investor Relations section will include Racing Limos' updated strategy, and information regarding assets of the corporation. "We're working with our accountants to make our books presentable for disclosure on otcmarkets.com (Pink Sheets)," says Albion. "Though this is not required, it's important for us to maintain open, honest relations with our stockholders, and those that are interested in being stockholders."
Mr. Albion was asked about his experience with the process and getting integrated with Atlas Technology. "Getting to this point has been a long, tedious, grueling process," Albion said, smiling. "But we're there. We're off the bench and in the game, and we're going to do our best to make the most of it."
Albion announced today that part of the company's national branding strategy for 2011 is to open an estimated "12 to 20" new Racing Limos locations across the country. Cities for these new locations are still being discussed, but a list is expected sometime in early Q1. Plans include aggressive online and social media, a diversity of sponsorships, intertwined with conventional media. "I promise to do my best," says Albion, "to build our brand into a national name in both outdoor mobile marketing and specialty transportation services."
Headquartered in Dover, NH Racing Limos America, Inc. is a franchise operating system of race car themed stretch limousines, focused on advertising and marketing partnerships, business-to-business relationship development, and specialty transportation. For more information visit www.racinglimosamerica.com
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.