To: Johnny Canuck who wrote (32548 ) 5/31/2001 1:02:50 PM From: xcr600 Read Replies (1) | Respond to of 70464 Anything here?? Thursday May 31, 12:53 pm Eastern Time Press Release Electronics Times Reports on Atlantic Technology Ventures, Inc.'s CryoComm Development Program Atlantic Signs Option Agreement with The University Of Rochester for Superconducting Magneto-Optical Modulator NEW YORK--(BUSINESS WIRE)--May 31, 2001-- The Electronics Times reported today on Atlantic Technology Ventures, Inc., (Nasdaq: ATLC - news) signing of an option agreement to exclusively license a new invention entitled ``Magneto-Optical Modulator for Superconducting Digital Output Interface'' from the University of Rochester. The headline article by Joanne Aslett is entitled ``Incubation for frozen switch,'' and reports that the Rochester technology uses magneto-optic material to modulate light at very low temperatures, using a magnetic field. It also reported that Atlantic hopes to use this technology to develop a switching device for its CryoComm(TM) development program involving the use of superconducting electronics technologies for high-speed, long-haul fiber optic telecom links. As part of the article, Walter Glomb, vice-president of Atlantic Technology and president of the CryoComm(TM) division, was reported saying: ``Prof Sobolewski has developed technology that we hope will take superconducting pulses and convert them into optical signals within the superconducting material. We intend to develop switches, routers and optical transport systems which operate at 160Gbit/s.'' Mr. Glomb added that, ``The work is in the very early stages at the moment as superconducting magneto-optical materials have not been very well explored yet. This is just one piece of a larger program to develop all the high-speed optical components needed for the system. But our first goal is to demonstrate a working high-speed switch next year.'' Investors can access the full text of this article for a limited time at www.ElectronicsTimes.com. About Electronics Times Electronics Times is the UK's leading newspaper for the electronics industry. Tracking both the business and technology of electronics, it provides engineers and managers with the best overview of the changes happening in the industry. About Atlantic Technology Ventures Atlantic Technology Ventures, Inc. Atlantic Technology Ventures, Inc. is a publicly held venture capital company specializing in early-stage, breakthrough technologies and rapidly incubating these through a definitive proof-of-principle. Atlantic currently has investments in: Catarex, a device for cataract removal; CT-3, a synthetic derivative of marijuana for treating pain and inflammation; and superconducting electronics for telecommunications. Safe Harbor Statement Cautionary statement under the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements that relate to future scientific, business and financial performance. These statements are only predictions and are subject to a number of risks and uncertainties that may cause the actual events or results to differ from those discussed or implied in these statements. These risks and uncertainties include competition from other manufacturers of related technologies, the unavailability of any necessary intellectual property rights possessed by third parties, and certain of those risks described in Atlantic's most recent report on Form 10-KSB with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Investors and Media: The Investor Relations Group Shayne Payne / Dian Griesel, Ph.D. 212/825-3210biz.yahoo.com