Atlas Acquisition Holdings Corp. Completes Initial Public Offering

  
    
  
  
    
      Atlas Acquisition Holdings Corp. (AMEX: AXG.U) announced today that it 
      has completed its initial public offering of 20,000,000 units, each unit 
      comprised of one share of common stock and one warrant to purchase one 
      share of common stock. The units were sold at a public offering price of 
      $10.00 per unit, generating gross proceeds of $200,000,000 to the 
      Company. Holders of units can separately trade the common stock and 
      warrants included in the units commencing on or about April 23, 2008. 
      The common stock and warrants will be listed on the American Stock 
      Exchange under the symbols AXG and AXG.W. Units not separated will 
      continue to trade on the American Stock Exchange under the symbol AXG.U.
    
    
      Lazard Capital Markets LLC and Morgan Stanley & Co. Incorporated acted 
      as joint book runners for the initial public offering. A copy of the 
      prospectus related to the offering may be obtained from Lazard Capital 
      Markets LLC, 30 Rockefeller Plaza, New York, New York 10020 and from 
      Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 
      10014 Attn: Prospectus Department.
    
    
      The Company also announced the consummation of the private sale of 
      5,800,000 warrants at a price of $1.00 per warrant, generating total 
      proceeds to the Company of approximately $5,800,000, as described in the 
      Company’s prospectus related to the offering. 
      Of the proceeds received from the consummation of the initial public 
      offering and the private sale of warrants, $200,000,000 (or $10.00 per 
      unit sold in the initial public offering) was placed in trust. Audited 
      financial statements as of January 30, 2008 reflecting receipt of the 
      proceeds upon consummation of the initial public offering and private 
      sale of warrants are expected to be included as Exhibit 99.1 to a 
      Current Report on Form 8-K to be filed by the Company with the 
      Securities and Exchange Commission.
    
    
      About Atlas Acquisition Holdings Corp.
    
    
      Atlas Acquisition Holdings Corp. is a newly formed blank check company 
      organized for the purpose of effecting a merger, capital stock exchange, 
      asset or stock acquisition, exchangeable share transaction, or other 
      similar business combination with an operating business. The Company’s 
      efforts in identifying a prospective target business will not be limited 
      to a particular industry or geography.