Tuesday, May 21 2013 9:20 PM EDT2013-05-22 01:20:17 GMT
Residents in tornado-stricken Moore, OK, await news on missing love ones Tuesday, a day after a massive tornado devastated the city, killing at least 51. Rescuers worked all night, with particular attentionFull Story >
The tornado, with winds up to 200 mph, cut a 20-mile stretch as wide as two miles through the Oklahoma City metro area. The medical examiner's office reported 24 people died, including nine children. Full Story >
U.S. officials say they have identified five men they believe might be behind the attack on the diplomatic mission in Benghazi, Libya, last year. The officials say they have enough evidence to justify seizing them...Full Story >
The U.S. has identified five men who might be responsible for the attack on the diplomatic mission in Benghazi, Libya, last year, and has enough evidence to justify seizing them by military force as suspected terrorists,...Full Story >
Tuesday, May 21 2013 8:46 PM EDT2013-05-22 00:46:29 GMT
Among the devastation from Monday's tornado in Moore, Okla. was two school buildings. So, are local schools ready if the worst happens? "It makes me nervous more than anything," said Jamie Klauke, theFull Story >
Among the devastation from Monday's tornado in Moore, Okla. was two school buildings. So, are local schools ready if the worst happens?Full Story >
Tuesday, May 21 2013 8:41 PM EDT2013-05-22 00:41:37 GMT
EF5 tornadoes are a very rare occurrence in U.S. History. Before Monday's EF5 tornado in Oklahoma, there had only been 58 in the United States since 1950, when reliable records began. That number isFull Story >
EF5 tornadoes are a very rare occurrence in U.S. History.Full Story >
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SOURCE Atlas Technology Group, Inc.
Share Purchase and Phased Buy-back in Place to Reduce Number of Shares in Public Float
DOVER, N.H., March 11, 2013 /PRNewswire/ -- Atlas Technology Group, Inc. (OTC Pink: ATYG), the holding company for Racing Limos America, Inc., (http://www.racinglimosamerica.com/) an emerging advertising and marketing company with franchise operated locations, specializing in multi-media marketing partnerships, announced today that the Company has completed formulation of a strategy to clean up the capital structure of the Company's stock. The Company is reporting they will utilize, in part, money raised through non-secured private investment, presently being accumulated for a phased buy-back of the stock.
The buy-back is expected to be complete by the end of Q2 2013 and will be done so at the Company's discretion. The first phase is expected to encompass 350-500 million shares.
"Over the course of the next 9-12 months it is our objective to buy back at least half of the public float," CEO James Albion stated.
"We have a lot of work to do to work the stock price back up so that we can continue execution of our business plan, especially for the 3rd and 4th quarters," said Albion.
"We believe a phased buy-back is an effective solution. Additionally, we have commitment and support from our private investors to continue this process as long as it takes to get the stock back to a level of respectability," Albion continued.
"We have a lot happening on the business end and while we already have the financial support there, we need to plan for later this year to continue the aggressive growth path we have chosen," Albion concluded.
About Atlas Technology Group, Inc.
Headquartered in Dover, NH, Atlas Technology Group, Inc. is a holding company, with its primary holding being Racing Limos America, Inc.
Forward Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Tuesday, May 21 2013 10:36 AM EDT2013-05-21 14:36:49 GMT
(RNN) – A day after long track tornadoes devastated Shawnee and Edmond, OK, another round has begun near Oklahoma City.KOCO broadcast a slow rotating cloud that slowly extended down towards the groundFull Story >
Dozens of people have died after a second day of tornadoes twisted through Oklahoma, this time taking aim at the town of Moore, south of Oklahoma City.Full Story >
Monday, May 20 2013 9:15 PM EDT2013-05-21 01:15:38 GMT
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon. Starting out as a classic funnel it quickly became a giant half-mile wide wedge tornado as it proceeded east north eastFull Story >
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon.Full Story >
Tuesday, May 21 2013 9:44 AM EDT2013-05-21 13:44:48 GMT
Eastbound 275 is closed this morning at the Kellogg due to a roll-over accident with an entrapment. The one car accident happened just after 3A-M. The car landed in the median. One person was takenFull Story >
Officers say speed and alcohol are suspected to be factors in the crash. Jones was wearing his seatbelt. Full Story >
Monday, May 20 2013 5:35 PM EDT2013-05-20 21:35:49 GMT
(RNN) - On May 3, 1999, an F5 tornado touched down near Chickasha, OK and cut northeast through the state before dissipating near Midwest City, OK.Monday's tornado that devastated Moore, OK closely followedFull Story >
In 1999, Oklahoma City saw an F5 tornado that caused more than $1 billion in damage. Full Story >
Tuesday, May 21 2013 6:22 AM EDT2013-05-21 10:22:59 GMT
Cincinnati Firefighters are responding to a fire in the 1800 of Jackson Street in Lincoln Heights. Witnesses reported seeing flames on the back side of the building. The location was known as "The SugarFull Story >
Crews from Woodlawn, Evendale and Wyoming are on the scene. The fire is out but the building is still smoking. Full Story >
A 23-year-old father is charged after allowing his 9-year-old daughter to drive. Police were called to the parking lot of Headland's State Park in Painesville Township on Sunday around 10:15 p.m. afterFull Story >
A Lake County, Ohio father is charged after allowing his 9-year-old daughter to drive.Full Story >
Monday, May 20 2013 10:39 PM EDT2013-05-21 02:39:58 GMT
Police are looking for the suspects who robbed the Fresh Market in Oakley. It happened just before 10 p.m. Monday night at the location on Madison Road. Initial reports are that two men with guns enteredFull Story >
Police are looking for the suspects who robbed the Fresh Market in Oakley.Full Story >
Monday, May 20 2013 10:00 PM EDT2013-05-21 02:00:13 GMT
Bonnie Esrig worked for the IRS for 38 years, many of which were spent in the Cincinnati field office. She retired in January 2013 as an Area Manager in Exempt Organizations Determinations. Esrig saysFull Story >
Bonnie Esrig worked for the IRS for 38 years, many of which were spent in the Cincinnati field office.Full Story >
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