About ATI Networks
In 1998, ATI Networks, Inc. (OTC: ATIW) acquired all of the assets of ATI, Inc., and shortly thereafter became a fully reporting, public company. As part of this transaction, all prior shareholders of ATI, Inc. received one share in ATI Networks for each share of stock they owned in ATI, Inc. ATI, Inc. was a leading software and ecommerce technology development Company. In December of 1995, the Company's first product, AutoNav, was selected by Automotive Engineering Magazine readers as one of the Top 50 Products of the Year.
In 1996, with its LogiTrak software, ATI became the first company in the world to enable wireless communications and tracking of a GPS enhanced wireless device over the INTERNET.
In 1997, ATI expanded its Internet software presence by completing the development of two proprietary website properties. The first was a fully automated, global real estate exchange website known as ARealGem.com. The second was ArtGems.com, the first fully automated, online art auction on the Internet.
In 1999 the company sold all rights to its NavQuest GPS software product and focused its efforts on its e-commerce brands. As a result, company assets are up significantly over 1999. ATI Networks is building a global e-business using its state of the art, online auction technology, proprietary web properties, and proven marketing techniques to create high volume, high profit margin, e-commerce websites. The company's websites offer everything from fine art to discount computers and computer peripherals, recycled automobiles and auto parts. The company's auction technology is now being used at www.artgems.com, a consumer website that sells fine art over the Internet. The company's future plans include providing an environment for electronic commerce to take place between insurance companies and auto parts dealers. Areas of the company's sites will also be available to the general public. The company plans to expand its existing online recycling business to provide a similar e-commerce environment for manufacturers of computers and electronic equipment to sell discounted excess inventory through the global network of 150,000 Value Added Resellers (VAR's).
At the beginning of the new millenium, the company is expanding its community of Internet websites to enable people to carry on retail and B2B commerce, do electronic voting online, download digital audio and video media, view streaming webcasts, and provide news and information of global public interest.
In 2000, the company launched two exciting new web destinations, YouthNetworks.com and TallyVotes.com. YouthNetworks.com is designed to become the leading network for teenagers to meet and interact. YouthNetworks.com was created as a gathering place for teens, with much of the content provided by leading educators, youth writers, and teens themselves. It enabled high school students from around the country to upload their own digital video content, as well as share the latest news and information on entertainment, schools, music, shopping, games, movies, health, beauty, relationships, jobs, travel, and other common interests. Live audio-video streams from media events of interest to teens are webcast in the streaming video section of the YouthNetworks.com website. The website utilizes the latest streaming video technology from Microsoft (MSFT) for its live webcast events. However, with the collapse of the venture and equity markets in 2000, and the inability to raise venture capital to sustain its operations, the company ceased daily operations during the first quarter of 2001. Since then, the company has evaluated dozens of privately held young companies in order to find a suitable candidate for merger. That search continues today, since we believe by continuing the legacy of innovation in which the company was founded brings future value to both our shareholders and mankind through the products we create.