TUSTIN, Calif., Jan. 11, 2008 (PRIME NEWSWIRE) -- Atlantis Holding Corp. announced today that the firm has reached an agreement to merge with Medical Institutional Services, Inc. effective January 9, 2008. As a result of this merger, the corporate name has changed to Medical Institutional Services Holdings, Inc. and the trading symbol on the Pink Sheets exchange has become "MIHS." A consolidation of existing shares has taken place and additional shares will be issued as consideration for the merger.
Medical Institutional Services, Inc., headquartered in Fort Lauderdale, Florida, is a wholesale distributor of medical supplies and pharmaceuticals to hospitals, retail pharmacies, clinical laboratories, and physicians' offices. Founded in 2003, Medical Institutional Services, Inc. has a proven history of using technological innovation and automation to develop world class delivery systems for critical medical supplies and pharmaceuticals. As a result of this merger, it is anticipated that the new Medical Institutional Services Holdings, Inc. will have the resources to meet its growth plans for the future in becoming a leading national supplier of medical supplies and services. For more information on Medical Institutional Services, Inc., please refer to the website located at www.missupplies.com.
The subsidiary companies owned by Atlantis Holding Corp prior to this merger will continue to operate in the future. A reorganization of the subsidiaries is currently being planned with a possible "spin-off" into one or more new entities. This will allow the companies to focus on future growth in specific markets and areas of new business opportunity. Additional news regarding this intended reorganization will be provided in the near future.
Disclaimer
This press release may contain forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.