Racing Limos America Franchisees Report Big Gains and a 10th Consecutive Quarter of Growth
August 29 2012 - 8:30AM
Racing Limos America, Inc., a subsidiary of Atlas Technology Group
(OTC:ATYG), is reporting a 10th consecutive quarter of revenue
increases for its franchisees. With all franchisees reporting,
Racing Limos America is announcing an overall gain for its
franchisees of just over 27.5% for the second quarter, and an
increase in revenues of 9.4% over the same quarter last year. This
is the 10th consecutive quarter franchisees have reported gross
revenues growth. 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 http://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 (603) 285-0015 or by email at
investwithus(at)racinglimosamerica(dot)com
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