ATL Atlantic Global

RNS Number:5966R
Atlantic Global PLC
22 September 2005


Press Release                                                  22 September 2005

                              Atlantic Global Plc

                            Reorganisation Statement

Atlantic Global Plc ("The Company"), the specialist provider of integrated
business and resource management software applications, announces a
Reorganisation Statement prior to the announcement of its interim results for
the six months ending 30 June 2005, which are due to be published on Tuesday 27
September 2005.

Reason for Reorganisation

The Company announced on 7 July that it was taking time for the expanded sales
and marketing operation to take effect and that Eugene Blaine (Managing
Director) and David Cox (Non-executive Chairman) had re-assigned various
managerial roles between themselves in order to progress the Company forward at
a faster rate.

As a result of this change of management focus it has become clear that the
introduction of the Company's Corporate Vision product, involves a longer sales
cycle than originally anticipated, which the sales and marketing team and
expense was initially built. This realisation has resulted in the need for a
more concentrated sales methodology being adopted in the future.

Details of Reorganisation

Consequently, the Company has taken steps to significantly reduce the number of
Sales Account Managers from eight to four and, as a result of the reduced
requirement for sales management, Phil Alcock, our Head of Sales since July
2004, has left the Company. In addition, we have made some reductions in
non-critical areas of our marketing spend.

Eugene Blaine, who has a very high understanding of the Company's product base
and sales offering, has therefore taken control of the reduced sales team.

In view of the reduced sales and marketing activity, and hence the need for
additional experience and expertise in these areas, David Cox will leave the
Company with immediate effect. During the reorganisation, David has worked with
Eugene Blaine to manage further carefully considered cost reductions which have
resulted in overall savings, on an ongoing annual basis, of #440,000.

The Directors believe that the Company is now better focused whilst operating
from a lower cost base.

Board Changes

As a result of the reorganisation, David Cox, as stated above, will leave the
Company with immediate effect. The Board would like to thank David for his
contribution towards the progress that the Company has made since he became
Chairman in November 2003 and wish him well for the future.

The Company will therefore commence a search for a new, financially orientated,
Chairman. Meanwhile Steve Allen, (Non-executive Director) will temporarily
fulfil the role of Chairman with immediate effect.

Following the appointment of a new Chairman and after allowing him to
familiarise himself with the Company, the Chairman will commence an extensive
review of all facets of the business including the role of CEO and sales
management leadership requirements.

As part of the reorganisation Lewis Howcroft (Non-executive Director) will take
the opportunity to fully retire. The Directors would like to thank him for his
contribution towards the development of the Company since June 2000 and would
offer him our good wishes for his retirement.

Outlook

Atlantic Global's products continue to receive strong acclaim from both
prospective customers and world leading software analysts. Market awareness of
Atlantic Global is steadily increasing and the Directors remain confident in the
Company's fundamental strategy.

Notification of Interim Results

The Company's interim results announcement for the six months ended 30 June 2005
will be made on Tuesday 27 September 2005.

An analyst briefing, given by Steve Allen, Interim Chairman, Eugene Blaine,
Managing Director and Rupert Hutton, Finance Director, will be held at 9.30am on
the same day at Abchurch Communications' offices, 100 Cannon Street, London EC4.


                                    - ends -



For further information:

  Atlantic Global Plc
  Eugene Blaine, Managing Director                   Tel: +44 (0) 1274 863 300
  eugene.blaine@atlantic-global.com

  Rupert Hutton, Finance Director
  rupert.hutton@atlantic-global.com                  www.atlantic-global.com

Media enquiries:

  Abchurch
  Sarah Hollins / Justin Heath                       Tel: +44 (0) 113 203 1341
  sarah.hollins@abchurch-group.com                   www.abchurch-group.com


Notes to editors

Atlantic Global develops innovative software applications that enable
organisations to monitor, manage and model the fundamental pillars of their
business - resources, skills and costs.

In addition to its flagship Corporate Vision(TM) solution, which offers a
real-time, role-based view (rba) of business operations, Atlantic Global
Business SolutionsTM also offers a series of business management-focused
applications including planning and resource management, timesheet and expense
tracking, business information tracking, risk management and contractor
management. Atlantic Global's customer base ranges from SMEs to Global 1,000
organisations and includes Barclays, Colt Telecommunications, GlaxoSmithKline,
NEC, Norwich Union, Pfizer, The Metropolitan Police and Virgin Mobile.

Founded in 1993, Atlantic Global is headquartered in West Yorkshire, England,
and has offices London and New York. It listed on the Alternative Investment
Market of The London Stock Exchange (AIM) in June 2001. For more information
please visit www.atlantic-global.com  

Photography

Photography is available on request.  Please call Margaret Strinati on +44 113
390 6389 or email margaret.strinati@abchurch-group.com

Investors Centre Website


See www.atlantic-global.net for new updated investor section and email alerts.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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