FENTON, Mich., June 22, 2004 (PRIMEZONE) -- ATNG, Inc. (OTCBB:ATNG) announced today that that the Company will post a substantial profit for the second quarter 2004.
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.
Web site: (www.atnginfo.com)
Contact information: (ir@atnginfo.com)
Safe Harbor
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.