EXHIBIT 99.1
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ATG INC. News Release
NEWS Release Monday, November 19, 2001
Bank Freezes ATG's Operating Funds of $3.5 Million
HAYWARD, Calif.--(BUSINESS WIRE)--November 19, 2001--ATG Inc. (Nasdaq:ATGC -
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news), a leading provider of low-level radioactive and low-level mixed waste
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treatment services, today announced that it has been forced to shut down all of
its operations due to the fact that its funds of approximately $3.5 million have
been frozen by its Bank. Because of lack of access to its funds, ATG, Inc is no
longer able to continue operations at its facilities and has initiated orderly
and safe shut-down of all of its operations effective immediately while
conducting negotiations with the Bank.
About ATG Inc.
ATG Inc. is a radioactive and hazardous waste management company that offers
comprehensive thermal and non-thermal treatment solutions for low-level
radioactive and low-level mixed waste generated by commercial, institutional and
government clients such as nuclear power plants, medical facilities, research
institutions and the U.S. Departments of Defense and Energy.
This news release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Actual results could differ materially from those
projected in the forward-looking statements as a result of various factors set
forth under "Factors Affecting Future Operating Results" in the Company's annual
report on Form 10-K and such other risks detailed from time to time in the
Company's other reports filed with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly release the result of any revisions
to these forward-looking statements, which may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Contact:
ATG Inc.
Doreen Chiu, 510/490-3008