Atlas Capital Holdings, Inc.'s Subsidiary Production Facility on Track to Produce High Grade Algae
(firmenpresse) - BOCA RATON, FL -- (Marketwire) -- 09/29/11 -- Atlas Capital Holdings Inc. (OTCQB: ALCL) (OTCBB: ALCL) (the "Company") today announced that its wholly owned subsidiary, AlgaeTek Systems, Inc, (AlgaeTek Systems), has commenced development of its new high grade algae production facility located in Woodlands, TX. The management of Atlas Capital Holdings toured the facility last week.
"The facility is on track to be in production in the next six weeks. We believe we will be able to harvest high-grade algae that will sell for an estimated $2,000 to $7,000 per pound. After its first year of generating revenue we will utilize our experience and expertise to develop another facility on a much larger scale," stated Christopher Davies, CEO of Atlas Capital Holdings.
The current production facility has the capacity to produce 1.2 pounds of high-grade algae per day. A quick growth strategy is underway as the company is reviewing facilities with 50,000 square feet or more of space for a large scale production. This environment will facilitate the production of algae for biodiesel and for nutraceutical applications which is a more expensive grade of algae.
About Atlas Capital Holdings, Inc.
Atlas Capital Holdings, Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc.
Forward Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Atlas Capital Holdings, Inc. undertakes no obligation to update such statements.
CONTACT:
Atlas Capital Holdings, Inc.
Christopher Davies
561-488-7623
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Datum: 29.09.2011 - 13:25 Uhr
Sprache: Deutsch
News-ID 70989
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Commercial & Investment Banking
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