SOURCE: American-Way Business Development Corp.

October 10, 2006 14:42 ET

American Way Business Development Corp. Announces Receipt of NOBO List

BOCA RATON, FL -- (MARKET WIRE) -- October 10, 2006 -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB" or the "Company") announces that AWYB has just today received the Non-Objecting Beneficial Owner ("NOBO") list from American Data Processing Inc., located at 51 Mercedes Way, Edgewood, NY 11717 ("ADP"). AWYB plans to release the aggregate data as promptly as practicable. In the meantime, AWYB and its advisers are currently reviewing the report to determine the best course of action. Those persons, whether individuals or corporations, who have recently sold stock of the Company short should conduct themselves accordingly.

Also, AWYB wants to inform its shareholders that the Company's stock was featured in yesterday's edition of daily. Please note also that, as stated in the daily feature, was not compensated by the Company for the feature.

Mr. Platten states, "Now that the Company is in the midst of a comprehensive reorganization which should redound to the benefit of the Company's shareholders, we do not want our hard work jeopardized by the actions of a few greedy short sellers." For anyone carrying shorts and those AWYB shareholders with questions, please contact Don Platten, AWYB president, via e-mail at or at our corporate office number, 561-962-4124.

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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