Trust Reports Collagen Royalties for 3rd Quarter of 2006

Coronado, Calif., October 24, 2006 – The ATS Liquidating Trust (the “Trust”) today announced that it has received royalties of $339,636.21 from Inamed Corporation, a wholly owned subsidiary of Allergan, Inc. (NYSE: AGN) covering Inamed’s United States and Canadian collagen sales for the quarter ended  September 30, 2006.  Inamed makes quarterly payments of royalties under terms of a 1999 contract with Advanced Tissues Sciences, Inc.

The Trustee will continue to report royalties and significant cash inflows as they are received rather than waiting until after the end of the respective quarter.  The Trustee will continue to prepare a quarterly financial report and post it on the web site.