ATNG Announces 75% Debt Reduction.Business Editors FENTON, Mich.--(BUSINESS WIRE)--Jan. 9, 2004 ATNG Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATNG) announced today that major progress has been made in reducing debt. Approximately $4,000,000 of the $5,200,000+ in payables has been settled or is close to being settled. "We are very excited about the steady improvements in our financial situation," says Robert Simpson Robert Simpson or Bob Simpson may refer to: British:
When a person begins a civil lawsuit, the person enters into a process called litigation. . We have reduced operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. by over 90%, settled nearly 75% of the debt (approximately $4,000,000), and are vigorously fighting legal actions," continues Simpson. "We plan to settle all valid debts this quarter. Revenues are beginning to grow and profits are in the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future." The Company intends to do its best to settle with all creditors that have verifiable debt, and to fight for the benefit of its shareholders and investors. ABOUT ATNG ATNG has several acquisitions of profitable or soon to be profitable companies in the works. Our web site provides a communication link to those interested in our progress. Web site: www.atnginfo.com Contact information: ir@atnginfo.com 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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