TUSTIN, Calif., March 1, 2006 (PRIMEZONE) -- Atlantis Holding Corp. (Pink Sheets:AHDG) and Enterprise Automation, Inc. have agreed to enter into a sales agreement in which a subsidiary of AHDG, Cal-Bay Controls, will perform sales functions for the engineering services and products offered by Enterprise Automation. The companies are also continuing discussions that may lead to a merger in the future.
Enterprise Automation, Inc. is an engineering firm based in Tustin, California, that offers service and support for all phases of industrial automation, from the design phase to project completion and ongoing optimization. Enterprise Automation specializes in programmable controllers, operator interfaces and data acquisition systems that improve productivity, reduce downtime and increase efficiency.
Cal-Bay Controls, Inc., a wholly-owned subsidiary of AHDG also located in Tustin, California, will add the services and products from Enterprise to the list of services and products already offered to industrial customers in the Western U.S.
According to Robert J. Thompson, President and CEO of Atlantis Holding Corp., "The acquisition of Enterprise Automation that was announced in 2005 has been delayed for the short term, but is still being discussed. As a sign of our commitment to work together in the future, we are entering into a sales agreement that we believe will be beneficial to both companies."
Atlantis Holding Corp. is a holding company several wholly owned subsidiary companies, including: Cal-Bay Controls, Cal-Bay Analytical and WetChem. For more information on Atlantis Holding Corp. please refer to the company Internet website at www.atlantisholdingcorp.com, and for additional information on Enterprise Automation please refer to the company Internet websites at www.EnterpriseAutomation.biz.
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