Atlas America, Inc. Announces Appointment of New CFO

    Business Editors/Energy Editors

    PHILADELPHIA--(BUSINESS WIRE)--March 30, 2005--Atlas America, Inc. (Nasdaq:ATLS) announces today the appointment of Matthew A. Jones, CFA as Chief Financial Officer. For the last nine years, Mr. Jones has been with Friedman Billings Ramsey's (FBR) Investment Banking Group, the last six of which he spent in their Energy Investment Banking Group, most recently as Managing Director. Previous to FBR, Mr. Jones held positions with Nationsbank and its predecessors for twelve years in the Commercial and Real Estate Finance division. Mr. Jones has a BBA from George Washington University and is a Chartered Financial Analyst.
    Edward E. Cohen, Chairman and Chief Executive Officer, said, "We are delighted to welcome Mr. Jones as Chief Financial Officer of Atlas America. He brings excellent credentials to his new position. We have worked with Matt for many years and feel certain he will be a superb addition to our team."
    Atlas America, Inc. is an energy company engaged primarily in the development and production of natural gas in the Appalachian Basin for its own account and for its investors through the offering of tax advantaged investment programs. Atlas America also owns 100% of the general partner of Atlas Pipeline Partners, L.P. (NYSE:APL). APL owns and operates more than 3,300 miles of natural gas gathering pipelines in Oklahoma, Texas, Pennsylvania, New York and Ohio and a gas processing facility in Oklahoma. For more information, please visit our website at www.atlasamerica.com, or contact investor relations at pschreiber@atlasamerica.com.

    Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Atlas America, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10Q, reports on Form 8-K and annual reports on Form 10-K.

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CONTACT: Atlas America, Inc. Pamela Schreiber, 215-546-5005 Facsimile: 215-546-5366

KEYWORD: PENNSYLVANIA INDUSTRY KEYWORD: OIL/GAS BANKING MINING/METALS ENERGY MANAGEMENT CHANGES SOURCE: Atlas America, Inc.

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