Atlas Technology Expects $25 MILLION in Revenues through Q2 2014 Through Global Franchise Expansion Each Region will have a Wholly Owned Subsidiary Company under the Parent Company, Atlas Technology and Will Use Vastly Improved and More Efficient Revenue Model
DOVER, N.H., Feb. 25, 2013 /PRNewswire/ -- Atlas Technology Group, Inc. (OTC Pink: ATYG), the holding company for Racing Limos America, Inc., an emerging advertising and marketing company with franchise operated locations, specializing in multi-media marketing partnerships, announced today that the Company has solidified its plan for a global expansion of its brand and franchise operations. This expansion will include the U.S., Canada, the U.K. and very likely, the Middle East Region. The combination of the new business model and creation of international subsidiary companies is expected to bring $25 million in revenue over the course of the next 4-6 quarters.
New corporate subsidiaries are being set up in Canada (Racing Limos Canada™) and the UK (Racing Limos UK™), which will be wholly owned under Atlas Technology. A third corporate subsidiary for the Middle East is also being planned. Through research performed to date, the company estimates thousands of potential franchise locations worldwide.
The business, with its expanding subsidiaries, will be focused strongly on marketing via multimedia and social media as well as advertising which eliminates much of the risk of the old business model, that being essentially a "paid ride" revenue model. Racing Limos America™ possesses proprietary intellectual property including patents and trademarks, and customized race-car themed stretch limos. The Company's objective is to become a serious part of the $200 billion outdoor marketing industry, as well as integration with the $10 Billion limo industry.
"The beauty of our business model," says Atlas CEO and Racing Limos America, Inc. President James Albion, "is that we are dependent on the advertising & marketing aspects of the business, which is nearly recession-proof. We can thrive in this adverse and stagnant economy, and as more government regulations put a stranglehold on the oil industry, which I believe will send gas prices soaring, gas prices will have very little effect on our revenue structure."
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 us online at 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.
CONTACT: Racing Limos America, Inc. Investor Relations at (603) 285-0015 or by email at firstname.lastname@example.org
SOURCE Atlas Technology Group, Inc.