News for 'ATNG' - (ATNG Announces Service Contracts)
FENTON, Mich., Jan 29, 2004 (BUSINESS WIRE) -- ATNG Inc. (OTCBB:ATNG) announced
today that it has taken steps to stabilize business activities and take
advantage of more than 80% debt reduction and significantly less legal exposure.
According to Robert C. Simpson, Chairman-CEO, "We are focusing on earning
revenues and profits by providing business development services for five clients
(strategic partners). Fees charged for these services should provide over
$2,000,000 this year from business development revenues plus expenses. Each
entity is a strategic partner which we hope to acquire in part or as a wholly
owned subsidiary."
"The debt reduction, reduced legal exposure and revenue generated could help us
achieve profitability as early as the second quarter of 2004," continues
Simpson.
Information on ATNG's strategic partners will be available on the ATNG website
by March 1, 2004, as well as biographical information on ATNG's four new
Directors.
ATNG received a request on January 27, 2004 from DK Holdings LLC requesting
information pursuant to SEC Rule 14d-5. That requested was rescinded by DK
Holdings LLC on January 28, 2004. Robert C. Simpson, Chairman-CEO commented, "We
have no intention of letting anyone take over this company without a fight,
considering the progress we have made and how close we are to profitability."
ABOUT ATNG
ATNG is a growing company specializing in business development. Our web site
provides a communication link to those interested in our progress.
Web site: www.atnginfo.com
Contact information: ir@atnginfo.com
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934 and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
SOURCE: ATNG Inc.
CONTACT: ATNG Inc.
Robert Simpson, 810-714-2978
ir@atnginfo.com
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