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ATNG Announces 2nd Quarter Profit Tuesday June 22, 9:44 am ET
FENTON, Mich., June 22, 2004 (PRIMEZONE) -- ATNG, Inc. (OTC BB:ATNG.OB - News) announced today that that the Company will post a substantial profit for the second quarter 2004. ADVERTISEMENT
According to Robert Simpson, Chairman-CEO, ATNG, Inc., ``We are pleased that our fourth strategic objective, 'earn a profit', is a reality. Our first three objectives are: operating to manage capital, legal issues and debt reduction. An analysis of our financials shows a profit this quarter of more than $2.1 million, which is greater than our current market cap, and we still have nearly two weeks left in the Quarter. These earnings are a result of operations and debt settlement.'' Simpson continues, ``Our outlook regarding continued revenue growth and profits remains conservatively optimistic.''
ATNG has recently expanded its management team, acquired two valuable patents, and is currently in the process of acquiring Blue Kiwi, Inc. and two other promising companies. Blue Kiwi's second high-caliber nutraceutical product, the PMS Pack(tm), is now available to consumers and internet orders can be processed when the web site revisions are completed this week.
About ATNG
ATNG, Inc. has several strategic alliances of profitable or soon to be profitable companies in the works. The ATNG web site provides a communication link to those interested in our progress.
ATNG Announces Ad Agency Selection Wednesday June 30, 9:01 am ET
FENTON, Mich.--(BUSINESS WIRE)--June 30, 2004--ATNG Inc. (OTCBB:ATNG - News) announced today that Blue Kiwi has selected Allied Printing and Mailing of Fenton, MI to be their advertising agency for direct marketing projects as well as re-design and management of the Blue Kiwi Inc. website. Work has already begun on updating the current website and planning for a complete redesign. Allied will be performing a critical review of all printed materials, including product labels, for look and feel and recommend appropriate changes to enhance the brand and product positioning in the marketplace. Allied will also manage two large direct mail programs slated for late 3rd Quarter and the 4th Quarter of this year. George Singer, President-CEO of Blue Kiwi Inc., said that "I have been looking at Allied's work and significant reach across most marketing disciplines for several months and it is quite pleasing to be able to select a company that produces such high caliber work that is right in our back yard. We have already started projects that will meet our Strategic Business Plan and we are looking forward to working with everyone at Allied."
ABOUT ATNG
ATNG has several strategic alliances of profitable or soon to be profitable companies in the works. The ATNG web site provides a communication link to those interested in our progress.
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.
-------------------------------------------------------------------------------- Contact: ATNG Inc. Robert Simpson, 810-714-2978 ir@atnginfo.com
View: Annual Data | Quarterly Data All numbers in thousands PERIOD ENDING 31-Dec-03 31-Dec-02 31-Dec-01 Net Income 1,629 (11,470) (10,619)
Operating Activities, Cash Flows Provided By or Used In Depreciation - 2,285 29 Adjustments To Net Income (2,600) 7,534 7,370 Changes In Accounts Receivables - 91 (25) Changes In Liabilities 136 1,135 2,262 Changes In Inventories - - - Changes In Other Operating Activities - - (8)
Total Cash Flow From Operating Activities (835) (425) (990)
Investing Activities, Cash Flows Provided By or Used In Capital Expenditures - (19) (27) Investments - - - Other Cashflows from Investing Activities - 6 (11)
Total Cash Flows From Investing Activities - (13) (38)
Financing Activities, Cash Flows Provided By or Used In Dividends Paid - - - Sale Purchase of Stock 1,193 188 634 Net Borrowings - 169 474 Other Cash Flows from Financing Activities - - -
Total Cash Flows From Financing Activities 1,193 357 1,109 Effect Of Exchange Rate Changes - - -
Change In Cash and Cash Equivalents $357 ($82) $80
Today’s Candlestick Patterns: Short White Candlestick Harami Pattern
Today a Short White Candlestick formed. There was a limited price change that may represent consolidation.
The last two candlesticks formed a Harami Pattern. This is a neutral pattern which shows that the selling pressure may be diminishing. However, a confirmation, in the form of a gap up or strong close following this pattern is needed, for it to be considered bullish.
Atng Inc Website Annual Report 1549 LEROY STREET Suite D-200 Phone: +1 810 714-2978 Fenton MICHIGAN 48430
Fax: +1 213 389-9973
ATNG Inc.. The Company is a development stage company. Currently the Company's purpose is to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to them by persons or firms who or which desire to seek the perceived advantages of a corporation which is registered under the Securities Exchange Act of 1934. The Company does not restrict their search to any specific business, industry or geographical location and may participate in a business venture of virtually any kind or nature. On 21-May-2004, the Group acquried Blue Kiwi Inc.
Share related items:
Market cap: $ 1.47M Shares out: 241.55M
Per share data Earnings (1 year): 0.01 Current P/E Ratio: n/a Cash Flow: $ -0.01 Cash (last quarter): $ 8,607.00 Annual Dividend: n/a Book Value: $ -0.01
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ATNG traded at .0042 6/21/04, a 100 day low. Today it traded as low as .0051. closed at .0061. I swingtraded it a few times betwwen .0075 and .01, it held pretty steady between those prices until mid-June then started to drop.
ATNG has several strategic alliances of profitable or soon to be profitable companies in the works. The ATNG web site provides a communication link to those interested in our progress.
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After a dramatic and long fought battle ATNG Inc. emerged victorious when on May 12, 2004 the Bankruptcy Court approved the settlements reached between ATNG Inc. and the Petitioning Creditors and accordingly dismissed the entire bankruptcy proceeding which had been brought against ATNG. (May 13 Press Release)
“The judge signed the order dismissing the involuntary petition which was filed against ATNG on July 15, 2003. The signing effectively ends all known legal action against ATNG, including a federal court case in Tennessee and a state case in California. The parties to those pending lawsuits in California and Tennessee will seek dismissal of those actions in their respective courts.”
RobertC.Simpson, PhD, Chairman-CEO
We are currently working on the nationwide launch of the second Blue Kiwi product, the PMS Pack™. Production is currently underway and marketing plans are being finalized. Product trials have been very successful and the company is looking forward to starting distribution.
Our Strategic Partner, 1st US Holdings International d/b/a/ Price Right Automotive Group, has opened the first of several niche market car lots, based on the 'buy here, pay here' model, and advertising is underway. Price Right markets low-cost, high-value automotives that are packaged with a warranty. New car transactions emphasize “no hassle”, low price and high quality vehicles and service. 'Buy here, pay here' customers are motivated to pay their bills promptly by receiving a lower payment following every month that their payment is made on time.
With the legal issues settled, nearly all debt settled, operating expenses reduced by over 90%, and revenues beginning to grow, we are on our way to becoming profitable.
ATNG has recently resumed acquisition activities that had been put on hold while the legal actions were pending. A reorganization is in process to move forward and acquire the most promising of our Strategic Partners.
What's Next?
We have assembled an experienced team of business professionals capable of handling this phase of planning, implementation and revitalization. We will be adding more talent as required.
Our strategic objectives, in order, include:
Operating Capital Debt Management Legal Issues Revenue and Profits Shareholder Value
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Press Release Source: ATNG Inc.
ATNG Announces Planned Acquisition Tuesday July 13, 3:36 pm ET
FENTON, Mich.--(BUSINESS WIRE)--July 13, 2004--ATNG Inc. (OTCBB:ATNG - News) announced today that it has formed Future Beverages Inc., a wholly owned subsidiary, for the purpose of acquiring certain key assets from Phoenix-based IMPACT Beverages, Inc., as well as entering into an exclusive license agreement with Enhanced Beverages, Inc. A Letter of Intent (LOI) has been signed to commence the process, and will be followed by a Strategic Alliance Agreement, a financial audit, and the acquisition. According to Robert C. Simpson, Chairman-CEO of ATNG Inc., "the technology of a cold fill process developed by Enhanced Beverages, Inc. enables introduction of a wide variety of life enhancing supplements into pure bottled water without affecting taste at all. Additionally, IMPACT Beverages has a great product line which is ready to go to market immediately. In fact, product has been shipped to Japan and Canada and within selected market areas in the United States. IMPACT has talks under way to supply several well known names in the retail distribution business."
About ATNG
ATNG has several strategic alliances of profitable or soon to be profitable companies in the works. The ATNG web site provides a communication link to those interested in our progress.
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I hope you folks are watching this one or have is on your watch list. this one is gonna move. I believe it has reached the bottom and will begin to rise. Look for more good PR soon.