PHILADELPHIA -- Atlas America, Inc. (NASDAQ:ATLS) ("Atlas America" or "the Company") today reported record financial results for the first quarter 2008.

The results of the first quarter 2008 include:

* Record adjusted earnings before interest, income taxes, depreciation and amortization ("EBITDA"), a non-GAAP measure, of $174.1 million, an increase of $131.8 million, or over 300%, from the first quarter 2007. A reconciliation of non-GAAP measures, including adjusted EBITDA, EBITDA and adjusted net income, is provided in the financial tables of this release. The quarter-over-quarter increase was principally attributable to contributions from the Michigan assets ...