SOURCE: Atlantis Business Development Corp.

January 19, 2006 09:00 ET

Atlantis Business Development Corporation Gives Notice to All Shareholders

MIAMI, FL -- (MARKET WIRE) -- January 19, 2006 -- Atlantis Business Development Corporation, Inc. (OTC BB: ABDE) announced today a notice to all shareholders that the Board of Directors is aware of a possibility of naked short selling of the company's stock. Naked short selling is where shares of stock are sold without having access to those shares. Regulation SHO made naked short selling illegal.

The Board of Directors has ordered a full shareholder list and DTC selling sheets for each day since the possibility of naked short selling was uncovered.

The Board of Directors wants its shareholders to be aware of the possibility of such sales and to know the Board plans to vigorously pursue any such illegal activity with the SEC.

To find out more about naked short selling and how to fight this activity, you can visit www.buyins.net

The Board believes if shareholders order their shares in certificate form, sellers who may be selling short without shares will be less able to borrow shares, and this activity will be reduced or will cease.

Ordering your shares may be done by contacting your broker or trading house and asking them to put your shares in certificate form.

CEO Christopher M Dubeau states, "Remember, these people feed on fear, they are simply trying to get you to sell your shares lower than what management believes to be the real value of the Company's stock."

About Atlantis Business Development:

Atlantis BusinessDevelopment Corporation, (ABDE) (http://www.atlantisbdc.com) is currently registered as a Business Development Corporation (BDC) in accordance and pursuant to Section 54 of the Investment Act of 1940. It seeks out Companies that are in their business development stage and invests in these Companies through various means. It also builds, creates, and funds its own profitable companies in order to produce greater future value to its shareholders. The Investment Company Act of 1940 was passed to encourage investing in developing businesses. The Act provides simpler access to public funds for the purpose of business development, with emphasis on regulation of expenditures, rather than regulation of fund-raising. Under the Act, the majority of publicly raised funds pursuant to the Act must be employed in developing businesses.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the performance of joint venture partners, as well as other economic, competitive and technological factors involving the Company's operations, markets, services, products and prices. With respect to Atlantis Business Development Corp. (ABDE), except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, ABDE's extremely limited operating history, uncertainties related to the Company's access to additional capital, competition and dependence on key management.

Contact Information

  • Additional Information:
    Christopher Dubeau, CEO
    305-677-3111