LAS VEGAS, NV–(Marketwire – November 29, 2010) – Atlantis Internet Group, Corp. (PINKSHEETS: ATIG) has completed its financial audit and is ready to move forward with its plans of being a fully reporting company. The Southern California based CPA firm of R.R. Hawkins has just completed a two year audit, and is expected to deliver the final report to ATIG this week.
With the completion of the audit, ATIG will now move expeditiously to file S-10 papers with the SEC and become a fully reporting company, thus moving off the Pink Sheets and moving up to the OTC Bulletin Board. This move comes at a critical juncture as ATIG has set out an ambitious agenda for the year, and believes that such a move will only help in its ability to achieve its short term and long term goals.
With the National Indian Gaming Commission (NIGC) Opinion granted to ATIG in late 2009, the company is poised to be the first company to offer legal Intertribal online gaming to Casinos on Indian Lands. ATIG will also offer the Commercial Casinos private gaming networks once Intrastate Internet Gaming pending legislation either Federal or State is approved. With ATIG’s recent landmark Poker deal, the Tribal Gaming Network (TGN) will launch the first nationwide Poker Network in the United States in January 2011. A demo of that online poker can be found at www.atlantisinternetgroup.com/tgn. The company is currently in negotiations with Tribes from coast to coast who are seeking to take advantage of the UIGEA exemption for Internet Gaming on Indian Lands. With its headquarters located in Las Vegas, ATIG is also strategically located to supply the ever changing gaming market with server based technologies in both the Commercial and the Indian Casino markets.
The company’s profit centers will be based on a revenue share with Tribes, Vendors and Commercial Casinos using ATIG’s products and networks. In a current economical climate casino owners must take their products to the customers, by utilizing creative marketing methods online to drive traffic into the land based casinos. ”ATIG’s product line will help them bridge the gap between land based and online casinos,” states Donald L. Bailey, President/CEO of Atlantis Internet Group, Corp.
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.