Atlas Capital Holdings, Inc. Enters LOI to Acquire Textraw

BOCA RATON, Fla.--(BUSINESS WIRE)--

Atlas Capital Holdings Inc. (Pink Sheets: ALCL) ALCL (the "Company") entered into a letter of intent to acquire 100% of the shares of Textraw, Inc. a Florida corporation that engineers and distributes an environmentally-friendly “green” synthetic ground cover manufactured from recycled materials composited from common landfill items.

“We are very excited about this first acquisition in the area of green products and services. Pursuant to our GreenTech business strategy, our plan is to announce additional acquisitions within the next few weeks that are complementary to and synergistic with the manufacturing of alternative green products and services,” stated Peter Klaich, COO of Atlas Capital Holdings, Inc.

Textraw was idealized in 2000 as a way to recreate pine straw while making use of unrecyclable materials. After 3 years of consistent research and development, the company patented its process and began generating revenue in 2003. Textraw is a sterile, eco-friendly, and long-lasting replacement ground cover that does not fade, crumble, or attract insects. Textraw utilizes its “disruptive technology” to further shrink the pine straw market: for every one bale of Textraw used the traditional pine straw mark is curbed by 8 bales.

The purchase price for these interests is expected to be $3,000,000, and will be paid in some combination of cash and Company stock as agreed upon by the parties prior to closing. The consummation of this transaction is subject to a number of customary pre-closing conditions.

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.