Atlantis Technology Group (OTCBB: ATNO) announces a complete reorganization and accepts the resignation of former CEO Tim Deherrera and previous officers / board members of subsidiary Global Online Television Corporation (GOTV), www.globalonlinetelevision.com, after a failed takeover attempt by Mr. Tim Deherrera, Richard A Luthman, and Daniel J Lupo.
The board of directors met on February 22nd, 2008 to discuss the future of Atlantis Technology Group and Global Online Television Corporation (GOTV). It was decided unanimously the direction of the company will be to focus on the development and deployment of the revolutionary GOTV box.
CEO, Christopher M Dubeau stated, "This reorganization going on within Atlantis Technology Group and subsidiary Global Online Television Corporation (GOTV) will bring value back to the company and shareholders," and went on to state, "It is unfortunate the current market is showing large short positions and thereby creating fear to all current shareholders."
Director, Frederick Ganem stated, "CEO Christopher M Dubeau, once appointed returned of over 150 million shares back to company treasury along with his own seven million five hundred thousand shares s8 stock."
The Board of Directors has also retained new counsel to pursue proper action to obtain the return of additional shares to the company treasury.
Source: foxbusiness.com
Thursday, February 28, 2008
Atlantis Technology Group Announces Notice to Shareholders
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