SOURCE: Atlantis Business Development Corporation

November 09, 2006 14:00 ET

Atlantis Business Development Corporation Inc. and EFTAS Announce Participation by Outback Steakhouse Inc. in the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- November 9, 2006 -- Atlantis Business Development Corporation (OTCBB: ABSD) has announced that Outback Steakhouse Corporation of Tampa, FL has agreed to take part in the EFTAS Employment Program.

"This is a wonderful gesture on the part of Outback Steakhouse Corporation, in assisting the returning and job-seeking military men and women who protect this country. We hope that other large companies will follow their lead and take part in the EFTAS program," stated Atlantis CEO Christopher Dubeau.

EFTAS.org is in the development stage. The organization is currently actively seeking family and community-focused employers nationwide to take part in this patriotic service for returning troops. EFTAS has already identified several strategic companies who are interested in participating in this worthwhile endeavor.

It is a win-win situation for both the returning soldier and the participating Company. Employers will not only benefit in their organizations by recruiting quality job candidates, but are able to give back to the dedicated men and women who have protected this country. Employers, who would like to take part in this job assistance effort for returning military men and women, please contact EFTAS at 305-677-3111 or email to: contact@eftas.org.

About EFTAS:

EFTAS (Employment for the Armed Services) is an organization dedicated to helping active duty military personnel find employment, prior to and on the heels of their return home from active duty. The site will be useful for all Veterans, as well. EFTAS is in the planning stages of developing a unique website to be named www.eftas.org that will provide the functionality of the leading electronic job posting websites, such as www.hotjobs.com, but for military personnel only.

About Outback Steakhouse, Inc:

The Company was incorporated in October 1987 as Multi-Venture Partners, Inc., a Florida corporation, and in January 1990 we changed our name to Outback Steakhouse, Inc. (Outback Florida). Outback Steakhouse, Inc., a Delaware corporation (Outback Delaware), was formed in April 1991 as part of a corporate reorganization completed in June 1991 in connection with our initial public offering, as a result of which Outback Delaware became a holding company for Outback Florida. Unless the context requires otherwise, references to the Company mean Outback Delaware, our wholly owned subsidiaries and each of the limited partnerships and joint ventures controlled by us and our subsidiaries. In April 1993, we purchased a 50% interest in the cash flows of two Carrabba's Italian Grill restaurants located in Houston, Texas (the Original Restaurants), and entered into a 50-50 joint venture with the founders of Carrabba's to develop additional Carrabba's Italian Grill restaurants (Carrabba's). Carrabba's Italian Grill, Inc., a Florida corporation, was formed in January 1995.

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, the competitive environment and dependence on key management.

Contact Information

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