SOURCE: Atlantis Business Development Corp

January 16, 2007 10:57 ET

Atlantis Business Development Corporation Inc. Anticipates Signing LOI to Acquire the GoLinkUp Service and Its

MIAMI, FL -- (MARKET WIRE) -- January 16, 2007 -- Atlantis Business Development Corp. (OTCBB: ABSD) has announced that it is in the final stages of negotiations to acquire the operations and business of the GoLinkUp Service. The GoLinkUp Service is a powerful tool that allows users to seamlessly collaborate and work online, with an extended team, using a standard web browser.

A formal Letter of Intent (LOI), detailing the terms of the transaction, is anticipated to be signed shortly.


GoLinkUp, through its website, provides Internet-based secure solutions for remote meetings, presentations, access to workstations and other collaboration and communications packages. It is the first industry solution offering a comprehensive solution that reduces cost and increases productivity. The solution eliminates the need to buy multiple hardware or software solutions to accomplish what is inherent in the GoLinkUp solution.

About Atlantis Business Development:

Atlantis Business Development Corporation Inc. (OTCBB: ABSD)

The Company ( 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 (

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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.

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  • Additional Information:
    Christopher Dubeau