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To: Glenn Petersen who wrote (1943)	6/4/2009 9:15:48 PM
From: Glenn Petersen	Respond to of 3862

Advanced Technology Acquisition Corp. (stock symbol: [t]AXC[/t]) has announced that it has terminated its agreement to acquire Bioness and that the company will be liquidated. Advanced Technology Terminates LOI, Will Seek Shareholders' Approval to Distribute Amounts in Trust On Monday June 1, 2009, 7:00 pm EDT RAMAT GAN, Israel, June 1 /PRNewswire-FirstCall/ -- Advanced Technology Acquisition Corp. (the "Company") (NYSE AMEX: AXC) today announced that it had terminated the letter of intent it had previously entered into with Bioness Inc. ("Bioness"). Consequently, the Company will not hold a stockholder meeting for its proposed acquisition of Bioness. Instead, the Company will hold a stockholder's meeting and take such action as necessary to approve the liquidation of its trust account. If the plan of liquidation is approved, the Company anticipates distributing approximately $8.12 per share from its trust account. It expects to complete its liquidation process as soon as reasonably practicable after the meeting of its stockholders. <snip> finance.yahoo.com