DOVER, N.H., May 8, 2012 // PRNewswire // -- Although its financials will not be posted until May 15, Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC: ATYG), is expected to report a 50% increase in its Q1 2012 revenues over its previous quarter.
"We will be able to confirm these numbers in a few days," says Atlas CEO James Albion. "I am confident the estimates will prove we have yet again shown a revenues increase."
Albion is confident this is the start of a break out year for Atlas and Racing Limos America. "We are getting a fairly steady stream of emails for franchise inquiries," says Albion. "Both from the U.S. and from Canada. Our most popular inquiries in the past 30 days have been for information on Los Angeles CA, Dallas TX, and Birmingham AL."
Albion also commented on response from north of the border. "I received a franchise inquiry from Montreal, a follow up inquiry from Vancouver, and one from Halifax (Nova Scotia) within a 2-hour period," says Albion. "Could be coincidental, but I think it's safe to say the word is out on us."
For the holding company, the estimated $30 million swim & sports complex seems to be getting closer to reality. "We are putting in an offer on 72 acres this week," says Albion. "Our feasibility study is under way, and now that we have some options on the funding, we have begun the search for a builder for both the complex and a building for Racing Limos America's World Headquarters and Training Center."
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.
SOURCE Racing Limos America, Inc.