ATEL Atelis

    ATELIS PLC                                   

                         TRADING AND FINANCING UPDATE                          

Further to the statement made in its interims published for the 6 months to 30
June 2007 published on 28 September, the Board of Atelis plc (the "Company")
issues the following trading and financing update.

Traction with the reseller network has continued, with revenues generated
covering operating costs. Fixed costs were reduced earlier in 2007 due to a
restructuring process focused on the distribution channel and reduction of R&D,
and additional working capital to assist in meeting central costs was received
from certain shareholders in the form of unsecured loans. These loans have now
been repaid.

The Board is talking to possible strategic partners and exploring other options
with a view to securing the Company's future growth. Shareholders will be kept
appraised of developments.

For further information, please contact:

Atelis plc Tel: +44 (0)870 478 8248

Rony Cohen, CEO

City Financial Associates Limited Tel: +44 (0)20 7492 4777

James Caithie

Lewis Charles Securities Tel: +44 (0)20 7456 9100

Kealan Doyle

ICIS Limited Tel: +44 (0)20 7651 8688

Tom Moriarty / Caroline Evans-Jones



END

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Atelis (LSE:ATEL)
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