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Racing Limos America Reports Strong Third Quarter Revenues

By: Racing Limos |  0 Shares     87 Reads

Franchisees Report Gains over Second Quarter and Over Same Time Last Year

DOVER, N.H., Nov. 22, 2011 // PRNewswire // -- Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC:ATYG.PK), is reporting strong third quarter revenues.

The company is reporting a near 2,000% increase in revenues over second quarter.

"We are starting to see more active interest in our marketing partnerships and with payments being made on a couple of franchise locations, so it looks like we're starting to roll," says Atlas CEO and Racing Limos America™ President James Albion. "With the holidays coming, it's advertising season, and we hope to take full advantage of that."

Albion says they are pursuing major shopping malls, ski resorts, and casinos for the holiday season with short-term promotions to help these major partners get a feel for working with Racing Limos America. "I am confident that once they have a taste of our effectiveness, we will have opportunities to capture marketing partnerships for 2012."

Additionally, with all franchise locations reporting, franchisees posted, on average, a 10.1% gain in 3rd quarter over 2nd quarter, and just over 12% better than the same quarter last year.

About Racing Limos America, Inc.

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

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:

Racing Limos America, Inc. Investor Relations at (800) 399-6717 or by email at investwithus@racinglimosamerica.com

SOURCE Atlas Technology Group

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