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Press Release

Letter from the President of ATI Networks

MADISON, Wis., Aug. 30 /PRNewswire/ -- A Letter to the Shareholders of ATI Networks (OTC Bulletin Board: ATIW - news):

Dear ATI Networks Shareholders,

I wanted to take this opportunity to update our loyal shareholders on the progress we are making in a number of areas. The past year has been very exciting and important for the future growth of ATIW. We have continued to forge many important alliances and partnerships which we feel will become fruitful in the coming year.

Here's a quick look at what's happening:

1. We are currently negotiating numerous strategic alliances and partnerships, and analyzing several potential acquisitions. Our long-term goal is to align ATI Networks with as many companies as possible that share our vision, and will assist us in positioning the company as a leading producer and provider of quality streaming video content, electronic voting, and electronic commerce.

2. ATI Networks also has been negotiating with several groups to provide funding to facilitate our future growth. At this time we are evaluating several options to decide which would be most beneficial for the company and its shareholders.

3. We are continuing to build and improve our family of websites. We are very committed to making ATIW's media properties innovative and exciting to our audiences, and profitable for our shareholders.

4. One of our major priorities is to move to the Nasdaq Small Cap market. To do this, one of the requirements is to have our minimum bid price above $4.00 for 30 days. I think most of you know how important this move will be to all of us.

5. We believe that the price of ATIW is extremely undervalued. For example, as of today, ATIW stock is trading at less than its book value. YAHOO (YHOO) currently trades at over 38 times book value. If ATIW was trading at 38 times book value, it would have a market value over $360 million and a $50 share price. Therefore, the board is discussing numerous ways to get better market coverage of the company and thereby help our share price. This could include, but is not limited to, a stock buyback program. To conclude, I would like to thank each and every one of you for your support in the past and ask for your continued support in the future. The coming years will be an exciting time to be an ATIW shareholder. For our part, the entire ATIW team is committed to doing everything necessary to build a profitable media powerhouse, and we all want you to know how much we appreciate the continued support of our loyal shareholders.

Sincerely,
Larry Bestor
Chairman and CEO

Safe Harbor Statement: The foregoing press release may include numerous forward-looking statements concerning the Company's business and future prospects and other statements that do not concern matters of historical fact. The Federal Securities Litigation Reform Act of 1995 provide a limited ``safe harbor'' for certain forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competition, new and untested products, uncertainty of revenues and earnings. Forward-looking statements in this press release are based on the Company's current expectations. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward- looking statements. The Company disclaims any obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

SOURCE: ATI Networks