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Atlantis Technology Group's (PINKSHEETS: ATNP) subsidiary Global Online Television Corporation has entered into a merger agreement with a publicly traded entity. At this time due to the confidentiality of the agreement we are unable to release the name of the publicly traded entity.
The proposed merger agreement conversion ratio is one share of Global Online Television Corporation for one share of the public entity. The closing price per share of the merging public entity as of June 25th, 2010 was $0.99. The completion of the merger is scheduled for July 19th, 2010 after the spin off; all additional information concerning the merger will be released by both companies.
For up to date information concerning the spin off and merger of Global Online Television Corporation along with a brief explanation of what this means to shareholders please visit http://www.atlantistechnologygroup.com/gotvspinoff.html
About Global Online Television Corporation (GOTV)
Global Online Television Corporation was originally established by Atlantis Technology Group as a media subsection that would develop research in the advancement of media-based technology. GOTV brings the largest Internet protocol television networks together for your home television viewing. IPTV is TV to TV, using standard broadband connections. By using the IPTV and Microsoft Windows Media Player, the video stream is delivered to your home television over broadband Internet connection. Any broadband Internet connection can be used, so there is no need to change providers. It is fast, simple, and affordable. To find out more about Global Online Television please visit http://wwwgotvco.com
About Atlantis Technology Group
Atlantis Technology Group was formed to develop privately held and publicly traded technology companies that focus on high-growth investments at the leading edge of business and technological innovation. http://www.atlantistechnologygroup.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking information. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. These statements are made to enable a better understanding of our business, but because these forward-looking statements are subject to many risks, uncertainties, future developments and changes over time, actual results may differ materially from those expressed or implied by such forward-looking statements. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions.
These forward-looking statements are based on the information that was currently available to us, and the expectations and assumptions that were deemed reasonable by us, at the time the statements were made. We do not undertake any obligation to update any forward-looking statements in this report or in any of our other communications, except as required by law, and all such forward-looking statements should be read as of the time the statements were made, and with the recognition that these forward-looking statements may not be complete or accurate at a later date.
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Hey peaser Had no time to check till now. Got in yesterday at .0009. Had a good close today and nice volume. IMO there's no way to go but up. I think people are holding for a higher PPS. Good luck to you.
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Atlantis Technology Group's Subsidiary Global Online Television Corporation Has Signed and Executed the Merger Agreement With a Publicly Traded Entity
Press Release Source: Atlantis Technology Group On Tuesday June 29, 2010, 9:00 am EDT MIAMI, FL--(Marketwire - 06/29/10) - Atlantis Technology Group's (Pinksheets:ATNP - News) subsidiary Global Online Television Corporation has signed and executed the merger agreement with a publicly traded entity. At this time due to the confidentiality of the agreement, we are unable to release the name of the publicly traded entity.
The signed and executed merger agreement conversion ratio is one share of Global Online Television Corporation for one share of the public entity. The closing price per share of the merging public entity as of June 28th, 2010 was $0.99. The completion of the merger is scheduled for July 19th, 2010 after the spin off; all additional information concerning the merger will be released by both companies.
For up to date information concerning the spin off and merger of Global Online Television Corporation along with a brief explanation of what this means to shareholders please visit http://www.atlantistechnologygroup.com/gotvspinoff.html
About Global Online Television Corporation (GOTV)
Global Online Television Corporation was originally established by Atlantis Technology Group as a media subsection that would develop research in the advancement of media-based technology. GOTV brings the largest Internet protocol television networks together for your home television viewing. IPTV is TV to TV, using standard broadband connections. By using the IPTV and Microsoft Windows Media Player, the video stream is delivered to your home television over broadband Internet connection. Any broadband Internet connection can be used, so there is no need to change providers. It is fast, simple, and affordable. To find out more about Global Online Television please visit http://www.gotvco.com
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I think it will go up in time as well. Not sure of the A/S 10-15 Billion?
I wonder if the Tellytube hype will help move this higher? Shoot, if there's a possibility of competition with youtube, then I'm sure some folks will cling on here.
Atlantis Technology Group Will Begin Beta Testing the TellyTube Web Site on July 7th, 2010
Press Release Source: Atlantis Technology Group On Tuesday June 29, 2010, 10:15 am EDT MIAMI, FL--(Marketwire - 06/29/10) - Atlantis Technology Group (Pinksheets:ATNP - News) subsidiary TellyTube will begin beta testing the TellyTube.tv Web Site on July 7th, 2010 (http://www.tellytube.tv). TellyTube plans to have a working demonstration web site available prior the anticipated launch date of July 22nd, 2010.
TellyTube will enable consumers to broadcast oneself like YouTube but with advertisers who will pay TellyTube users for each view through embedded advertisement programs. The users of the TellyTube website will be able to select different advertisers which they want to advertise on their videos. This will allow advertisers to become more competitive and offer more profit towards TellyTube users and increase the revenue share of the entire site.
The TellyTube Web Site will provide free IPTV programming to Set Top Box / Computer users as well as allow customers to generate income for their content. TellyTube anticipates the launch date for the Web Site to be July 22nd, 2010.
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TellyTube will enable consumers to broadcast oneself like YouTube but with advertisers who will pay TellyTube users for each view through embedded advertisement programs. The users of the TellyTube website will be able to select different advertisers which they want to advertise on their videos. This will allow advertisers to become more competitive and offer more profit towards TellyTube users and increase the revenue share of the entire site.
Does Youtube pay its users? I can see many folks jumping off the youtube bandwagon, to TellyTube if they can get paid for doing the same thing. The folks that have developed a youtube following would be acting foolish not to migrate to tellytube once it is up an running.
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Not much of a rally I would say. It's been trading between .0002-.0003 for a few weeks now. I am assuming that it could move higher on positive Tellytube.tv news.
It will probably not move much until tellytube is launched.
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