Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (130721)	4/6/2004 1:10:06 PM
From: Buckey	Read Replies (1) \| Respond to of 150070

ATNG good news out Im in at .01 ATNG INC (U-ATNG) - News Release ATNG Announces Settlement FENTON, Mich. -- (Business Wire) -- April 6, 2004 ATNG Inc. (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, Chairman-CEO of ATNG Inc. "When I joined ATNG there was approximately $6,000,000 in payables plus significant pending legal issues. The payables (old debt) have ostensibly been reduced to less than 3% of what we inherited 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 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 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. Contacts: ATNG Inc. Robert Simpson, 810-714-2978 ir@atnginfo.com