ATNG Announces Settlement.Business Editors FENTON, Mich.--(BUSINESS WIRE)--April 6, 2004 ATNG Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATNG) announced today that all parties involved in the Involuntary Petition for Bankruptcy have either submitted documents to withdraw their motions or signed a settlement agreement with ATNG. "We are pleased about the settlement agreements", says Robert Simpson Robert Simpson or Bob Simpson may refer to: British:
adj. Represented or appearing as such; ostensive: His ostensible purpose was charity, but his real goal was popularity. been reduced to less than 3% of what we inherited inherited received by inheritance. inherited achondroplastic dwarfism see achondroplastic dwarfism. inherited combined immunodeficiency see combined immune deficiency syndrome (disease). from the previous management. Most of that remaining 3% has not been validated." A motion for Court approval of the settlement will be filed as a joint request of counsel for ATNG and counsel for the petitioning creditors. The completion of the aforementioned settlement is subject to approval of the Court. Completion of the settlement should occur after notice to ATNG's creditors and a Court hearing. 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. have been reduced by over 90%; nearly all of the old debt is settled; revenues are beginning to grow and profits are predicted in the foreseeable future. The Company shall continue to do its best to settle with the few remaining creditors that have verifiable debt, and to fight for the benefit of its shareholders and investors. ATNG will now resume acquisition activities. ABOUT ATNG ATNG 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 Source: ATNG Inc. 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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