DOVER, N.H., May 9, 2012 /PRNewswire/ -- Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC:ATYG), is estimating revenue gains for its franchisees for an 8th consecutive quarter.
Although firm numbers are not yet complete, Racing Limos America is reporting Q1 2012 gains for its franchisees. The estimates show increases from the previous quarter as well as from the same quarter last year.
"Almost all franchisees have reported their numbers," says Racing Limos America President and Atlas CEO James Albion. "We are confident that when all franchisee numbers are confirmed, we'll be able to report yet another quarter of growth. This further illustrates that our new business model is in full throttle forward, and is a testament to the diligence and commitment of our franchisees to the business."
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.
CONTACT: Racing Limos America, Inc. Investor Relations at (800) 399-6717 or by email at [email protected]
SOURCE Racing Limos America, Inc.