SOURCE: Atlantis Business Development Corp

January 03, 2007 10:22 ET

Atlantis Business Development Corporation Inc. and Announce Participation by BJ's Wholesale Club, Inc. in the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- January 3, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) has announced the participation by one of the nation's leading Wholesale Membership Clubs in the EFTAS Employment Program. BJ's Wholesale Club, Inc. joins a growing list of community-focused businesses offering to participate in the EFTAS program which assists our military men and women, as they return home to their communities.

It is only natural for BJ's Wholesale Club to see the need, and want to step up to help, our dedicated military men and women. The Company proudly supports our Military personnel and Military Veterans and actively looks for opportunities to give back to these heroes.

Atlantis CEO Christopher Dubeau noted, "Atlantis is extremely excited to be joining forces with such a community-focused organization as BJ's Wholesale Club for this worthwhile and much needed effort. EFTAS is a tireless organization that is dedicated to helping active duty military personnel find employment opportunities after they complete their military service. Atlantis, like BJ's Wholesale, proudly counts former military personnel among its directors, employees, business suppliers, and loyal customers."

About BJ's Wholesale Club, Inc:

Headquartered in Natick, MA, BJ's Wholesale Club, Inc. is a leading operator of membership warehouse clubs in the eastern United States. The Company currently employs more than 19,500 team members and operates 165 Clubs in 16 states from Maine to Florida. BJ's is dedicated to providing its Members with prices significantly lower than supermarkets, department stores, and specialty retail stores.

Throughout its 20-year history, BJ's Wholesale Club has taken great pride in being a good corporate citizen. The Company has expressed that pride through its dedication to giving back to the communities that it serves. Its primary focus is on families with the goal of creating a positive, long-lasting impact.

BJ's is continually growing its community outreach programs, developing new and innovative approaches to helping, in the hope of reaching more people and providing meaningful support that enriches the lives of those in need.

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 its unique website that will provide the functionality of the leading electronic job posting websites, such as, but for military personnel only.

In addition, EFTAS, a wholly owned subsidiary of Atlantis, is in the process of exploring other avenues for supporting the employment needs of our returning military personnel, such as collaborating with career fair operators, job training organizations, direct hiring employers, and executive search firms.

In sponsoring and supporting EFTAS, organizations and companies can gain a valued and focused benefit. Involvement with EFTAS can position a firm as a leader in Local Community support and involvement, Military, and Military Veteran issues, and indicates a desire to attract these loyal customer bases.

About Atlantis Business Development:

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.

Contact Information

  • Additional Information:

    Christopher Dubeau