SOURCE: Atlantis Business Development Corporation, Inc.

January 09, 2007 09:00 ET

Atlantis Business Development Corporation Inc. and Announce Participation by Home Depot Inc. in the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- January 9, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by Home Depot, Inc. in the EFTAS Employment Program.

The Home Depot® has a long history and tradition of helping our military men and women, and their families. From employment opportunities in their stores, to the 1800 associates called to active duty during the past three years, and to the company's support of the USO®; the Home Depot has been there to help. Recently announced, the USO® will receive 5% of all redeemed January 2007 gift card sales, up to $1 million.

It is only natural for The Home Depot®, upon seeing the need, to proactively respond again this time. This Industry Leader joins a growing list of national and local, patriotic and community focused businesses, which are eager to participate in the EFTAS program. The Atlantis wholly owned subsidiary EFTAS, provides a range of services that assists our military men and women, as they return home to their communities seeking civilian employment opportunities.

Atlantis CEO Christopher Dubeau stated that, "Atlantis is pleased to work with such an outstanding organization as Home Depot Inc. on this worthwhile and much needed effort. EFTAS is an organization that is dedicated and driven to help our active duty military personnel find employment opportunities after they complete their military service. The EFTAS Employment Program is able to move forward at such a rapid pace, of late, thanks to the willing and active participation by our business community partners."

About Home Depot, Inc:

Founded in 1978 and headquartered in Atlanta, GA, Home Depot Inc. operates as a home improvement retailer in the United States, Canada, and Mexico. The Company operates approximately 2,000 stores with 234,600 full time employees. The Home Depot® offers an assortment of merchandise and services including building materials, lumber and millwork, plumbing, kitchen, hardware, paint, flooring and wall covering products. It serves Do-It-Yourself customers; Do-It-For-Me customers; and professional customers, including remodeling firms, general contractors, repairmen, and tradesmen. The Home Depot also operates EXPO Design Center stores, which provides home decorating, remodeling, and installation services for middle- to upper-income customers.

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:

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.

Contact Information

  • Additional Information:
    Christopher Dubeau