This does seem to be the case. This is posted on his website.
December 29, 2009
As of today, Atropos Studios ceases to exist for reasons beyond our will. Thanks to everyone who supported us. Note that Diamonds in the Rough is still being sold on E-bay at a low price.
This is sad news. I wish you all the best in the future Alkis. And hopefully at sometime you will be able to open another company and continue to bring us games.