ATNP Atlantis Technology Group (CE)

Atlantis Technology Group (PINKSHEETS: ATNP) subsidiary announces a progress update for the TellyTube.tv website. In our previous release dated June 29th, 2010 we announced that TellyTube has completed the user database for signups, implemented the uploading of videos into the database, and created the template for the user's home page. TellyTube has completed the implementation of the advertisement program and pricing structure.

Each user who registers and is accepted to participate in the revenue sharing advertisement program will be entitled to $.001 per unique view of their videos. Example: Any registered user posting a video and they were to get one million unique views to that video, they would receive a check for $1,000.00 from TellyTube.

TellyTube has moved back the projected launch date for the Website from July 22nd, 2010 to mid August 2010.

About TellyTube

TellyTube will enable consumers to broadcast oneself like YouTube but with advertisers who will pay TellyTube users for each view through embedded advertisement programs. The users of the TellyTube website will be able to select different advertisers which they want to advertise on their on their videos. This will allow advertisers to become more competitive and offer more profit towards TellyTube users and increase the revenue share of the entire site. The TellyTube Website will provide free IPTV programming to Set Top Box / Computer users as well as allow customers to generate income for their content. http://www.tellytube.tv

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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