NEW YORK, Sept. 29, 2005 (PRIMEZONE) -- Advanced Technology Industries, Inc. (OTCBB:AVDI) (the "Company") announced today that each of Allan Klepfisz, James Samuelson, Chai Ong and Arie Baalbergen were elected to the Board of Directors of the Company at the Annual Meeting of Stockholders held on Monday, September 26, 2005. In addition, at such meeting, the proposal to approve an amendment to the Company's Certificate of Incorporation to increase the total authorized shares of common stock from 100,000,000 shares to 800,000,000 shares, the proposal to approve the 2005 Equity Incentive Plan and the proposal to ratify the appointment of Marcum & Kliegman LLP as the Company's independent public accountants for the year ending December 31, 2005, were each approved by the Company's stockholders.
"I am very pleased with the support shown by our stockholders by their approval of the proposals considered at the annual meeting," stated Allan Klepfisz, chief executive officer of the Company. "We can now focus our attention on building stockholder value through the imminent commercialization of certain of our products and the continued development of our extensive intellectual property portfolio."
About Advanced Technology Industries, Inc.
The Company is a technology holding company devoted to technology identification and acquisition, as well as research and development leading to commercialization of innovative products, including proprietary technologies. Through its subsidiary, LTDnetwork, Inc. ("LTD"), the Company owns a range of cutting-edge proprietary software products developed by LTD that are designed to facilitate and enhance the purchasing experience of both its own customers and those of leading Internet companies that will utilize the products under joint venture or licensing arrangements. The Company is currently focusing on the launch of LTD's innovative P2P file sharing service, Qtrax. The Company has offices in New York, New York and Melbourne, Australia.