Racing Limos America Receives Letter of Intent for Miami Franchise
DOVER, N.H., April 3, 2012 // PRNewswire // -- Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC:ATYG.PK), announces it has received a Letter of Intent from an interstate group for the purchase of the Miami, FL franchise location.
"We had plans to open Miami as a company operated location sometime this year," says Atlas CEO and Racing Limos America President James Albion. "Having Miami as a purchased franchise is fantastic for the company. It's exciting for us to have a franchise opening in such a diverse, major city."
"The opening of Miami is also a gateway to not only opening more major U.S. cities in the coming months," continues Albion, "but also gives Racing Limos America the opportunity to bust out in the exceptionally important multibillion-dollar Hispanic Market sector."
The Hispanic Market is the nation's largest minority marketing sector, and is both demographically and through market spending the nation's fastest growing sector for the last decade.
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
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.
Racing Limos America, Inc.
SOURCE Atlas Technology Group