SOURCE: Atlantis Business Development Corp.

April 27, 2007 09:00 ET

Atlantis Business Development Corporation Inc. Actively Reviewing New Potential Business Opportunities

MIAMI, FL -- (MARKET WIRE) -- April 27, 2007 --Atlantis Business Development Corporation Inc. (OTCBB: ABSD) is pleased to announce today that it is moving forward with its growth oriented business model. Atlantis is now poised to take its Business Development Company business model to the next logical level, after the recent successful spin-off of its wholly owned subsidiary, EFTAS.

The company reports that it is actively reviewing new potential business opportunities and negotiating for prospective business combinations, which would fit as subsidiary companies. Typically Business Development Companies incubate and serve a useful purpose in nurturing rapidly growing private firms as subsidiaries.

President and Director, Mr. Tim DeHerrera, who recently rejoined the Company, stated, "Taking the company onto the next project is the logical step for the Business Development Company at this time. Once we let the word out that we were seeking business opportunities, once again our phones started ringing. We really are excited about some of the attractive business being presented to us, and have started formal negotiations with a couple of them."

About Atlantis Business Development:

Atlantis Business Development Corporation Inc. (OTCBB: ABSD)

The Company (http://www.atlantisbdc.com) has elected to be regulated as a business development company in accordance with the provisions of the Investment Company Act of 1940, as amended. The business development company form of business is a vehicle established by Congress to allow smaller, retail investors to participate in and benefit from investing in small private businesses as well as the revitalization of larger private companies. As a business development company, ABSD is engaged in providing debt and equity financing to public and private companies. In addition, we provide access to private equity funds, for working capital, acquisitions, management buyouts, projects and special situations. ABSD offers its clients a "one stop shop" of equity and senior, subordinated, structured and mezzanine debt to realize their business development objectives.

ABSD plans to achieve the level of success and implement a growth strategy similar to other established business development companies, such as American Capital Strategies, Ltd. On the NASDAQ, a publicly traded business development company with capital resources of approximately $8.4 billion (http://www.americancapital.com).

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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. (ABSD), 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, ABSD's extremely limited operating history. Further, there are uncertainties that exist related to the Company's access to additional capital, competition, and dependence on key management.

Contact Information

  • Contact:

    Additional Information:
    Atlantis Business Development Corp.
    305.466.1511