Atlantis Technology Group (PINKSHEETS: ATNP) has begun development of the IPTV web sharing community called TellyTube (http://www.tellytube.tv).

TellyTube will enable consumers to broadcast oneself like YouTube, but with advertisers who will pay customers for each view through embedded advertisement programs. The purpose of this site is to provide free IPTV programming to Set Top Box / Computer users as well as allow customers to generate income for their content. Atlantis anticipates the launch date for the Web Site to be July 22nd, 2010.

Atlantis feels with the rapidly growing IPTV industry, this type of business model will be a growing success. MRG is forecasting that the number of global IPTV subscribers will grow from 26.7 million in 2009 to 81 million in 2013.

With the approved spin off of Global Online Television Corporation, Atlantis feels that this subsidiary along with the IPTV video production and the MP4 embedded advertising company will bring significant value to the shareholders.

About Atlantis Technology Group

Atlantis Technology Group was formed to develop privately held and publicly traded technology companies that focus on high-growth investments at the leading edge of business and technological innovation. http://www.atlantistechnologygroup.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking information. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. These statements are made to enable a better understanding of our business, but because these forward-looking statements are subject to many risks, uncertainties, future developments and changes over time, actual results may differ materially from those expressed or implied by such forward-looking statements. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions.

These forward-looking statements are based on the information that was currently available to us, and the expectations and assumptions that were deemed reasonable by us, at the time the statements were made. We do not undertake any obligation to update any forward-looking statements in this report or in any of our other communications, except as required by law, and all such forward-looking statements should be read as of the time the statements were made, and with the recognition that these forward-looking statements may not be complete or accurate at a later date.

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