Exhibit
99.1
ATS
Corporation Announces Approval to List on NYSE AMEX and Plans to Begin Trading
on Tuesday, January 5
MCLEAN,
VA – (BUSINESSWIRE) – January 4, 2010, ATS Corporation (“ATSC” or the “Company”)
(OTCBB:ATCT), a leading information technology company that delivers innovative
technology solutions to government and commercial organizations, today announced
that it has been authorized to list its shares of common stock on the NYSE Amex
stock exchange. ATSC anticipates the shares of its common stock will begin
trading on the NYSE Amex on January 5, 2010, using the symbol “ATSC.” Prior to
that date, the Company’s common shares traded on the OTC Bulletin Board under
the ticker symbol “ATCT”.
“We are
excited about our move to the NYSE Amex stock exchange which we believe will
enhance our investor outreach as we continue to build shareholder value,” said
Dr. Edward H. Bersoff, CEO and Chairman of ATSC.
"We are
pleased to welcome ATSC to the NYSE Amex," said Scott R. Cutler, NYSE Euronext
EVP and Head of Listings, Americas. “We believe the company and its shareholders
will benefit from their association with the NYSE's superior market and
services, and we look forward to a strong and lasting partnership."
About
ATS Corporation
ATSC is a
leading provider of software and systems development, systems integration,
infrastructure management and outsourcing, information sharing, training and
consulting to the Department of Defense, Federal civilian agencies, public
safety and national security customers, as well as commercial enterprises.
Headquartered in McLean, Virginia, the Company has more than 600 employees at 10
locations across the country.
Any
statements in this press release about future expectations, plans, and prospects
for ATSC, including statements about the estimated value of the contract and
work to be performed, and other statements containing the words “estimates,”
“believes,” “anticipates,” “plans,” “expects,” “will,” and similar expressions,
constitute forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by such forward-looking statements as a result of various
important factors, including: our dependence on our contracts with federal
government agencies for the majority of our revenue, our dependence on our GSA
schedule contracts and our position as a prime contractor on government-wide
acquisition contracts to grow our business, and other factors discussed in our
latest annual report on Form 10-K filed with the Securities and Exchange
Commission on March 16, 2009. In addition, the forward-looking statements
included in this press release represent our views as of January 4, 2010. We
anticipate that subsequent events and developments will cause our views to
change. However, while we may elect to update these forward-looking statements
at some point in the future, we specifically disclaim any obligation to do so.
These forward-looking statements should not be relied upon as representing our
views as of any date subsequent to January 4, 2010.
Additional
information about ATSC may be found at www.atsc.com.
Company
Contact:
Joann
O’Connell
Vice
President, Investor Relations
ATS
Corporation
(571)
766-2400
Media
Contact:
Penny
Parker
Corporate
Communications Manager
ATS
Corporation
(571)
766-2400