SOURCE: American-Way Business Development Corp.

October 12, 2006 09:00 ET

American Way Business Development Corp. Announces Letter of Intent

BOCA RATON, FL -- (MARKET WIRE) -- October 12, 2006 -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB") announces today that it has signed a letter of intent to merge with and into The Harvard Learning Centers, Inc. (the "Company"). The Company is a Florida corporation focused primarily on helping high school students improve their performance on the main college entrance examinations: i.e., the SAT and the ACT.

We anticipate closing the transaction before the end of the month. This will give us time to complete our full due diligence before finalizing the transaction. We are particularly enthusiastic about this transaction because, unlike our main competitors in this industry, we will assist interested students in locating possible scholarship sources.

Don Platten, President, states, "This is the real deal. The management and the educators are all experienced high school teachers who are experts in teaching the Verbal and Mathematics training and preparation for the PSAT/SAT. For further information regarding the Company, look at their website (www.sat-act-prep.com)." Mr. Platten adds, "This ties in perfectly with another one of our affiiates (Prime Time High School Sports)." Mr. Platten continues, "As our shareholders and those following the Company well know, AWYB has been involved in a number of businesses. However, education and helping high school students, such as my son, who want to go to college, is really where this Company wants to be. I believe the future is bright, and being in a business that I find personally rewarding can only bring good things."

Mr. Platten reiterates, "Our primary motivation has always been the well-being of our shareholders. This is why we find it so distressing that the Company's stock seems to have become the plaything of short sellers."

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

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