In this paper, we construct metastable states of atoms interacting with the quantized radiation field. These states emerge from the excited bound states of the non-interacting system. We prove that these states obey an exponential time-decay law. In detail, we show that their decay is given by an exponential function in time, predicted by Fermi's Golden Rule, plus a small remainder term. The latter is proportional to the (4+β)th power of the coupling constant and decays algebraically in time. As a result, though it is small, it dominates the decay for large times. A central point of the paper is that our remainder term is significantly smaller than the one previously obtained in [1] and as a result we are able to show that the time interval during which the Fermi's Golden Rule can be observed is significantly longer that the time interval obtained in [1]. This improvement is achieved by incorporating a part of the complex dilatation resonance states into our construction of the metastable states rather than using the unperturbed eigenstates (the excited bound states of the non-interacting system). Thus, the connection to resonance states allows us to introduce metastable states which qualify better in the description of unstable excited states of the interacting system.