SOURCE: Atlantis Business Development Corporation, Inc.

January 11, 2007 10:21 ET

Atlantis Business Development Corporation Inc. and EFTAS.org Announce Participation by McLaren Health Care Systems in the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- January 11, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by McLaren Health Care Systems in the EFTAS Employment Program.

Community involvement is a significant part of the culture at McLaren Health Care. Based in Flint, Michigan and anchored by McLaren Regional Medical Center, the hospital system makes an impact in the communities and neighborhoods that it serves. It is only natural for McLaren Health Care Systems to want to step up to help our returning military, once seeing the opportunity to join forces with EFTAS. Over the years, McLaren has developed strong ties with current and former military personnel, as both employees and patients.

McLaren Health Care Systems joins a growing list of national and local, patriotic and community-focused businesses, which are eager to participate in the EFTAS program. Recently announced participants include RadioShack®, Home Depot Inc., Staples, Inc. and Raytheon Co. 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 commented, "It is an exciting opportunity for EFTAS to partner with such a distinguished Regional Medical Center as McLaren Health Care Systems. I welcome their active participation in the EFTAS Employment Program. They are joining with many other business and community partners who have recently offered to participate in the program. With such broad community support, I am confident that EFTAS will be successful in making an impact for our returning soldiers."

About McLaren Health Care Systems:

As one of the top 25 Integrated Healthcare Systems (INHS), McLaren Health Care is an Industry Leader. With a legacy of clinical excellence and a longstanding tradition of compassionate, patient-focused care, McLaren Regional Medical Center (MRMC) continues to be mid-Michigan's leading health care provider. McLaren Regional Medical Center is a 458-bed teaching hospital. Based in Flint, Michigan, and affiliated with Michigan State University College of Human Medicine, MRMC blends the experience and expertise of its medical staff with MSU's physicians-in-training, thereby delivering academic, clinical and research-based innovations, world-class treatment, and cutting-edge technology to mid-Michigan residents.

About EFTAS:

EFTAS (Employment for the Armed Services) is an organization www.eftas.org 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 www.hotjobs.com, 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 indicating a desire to attract these loyal customer bases.

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

  • Additional Information:

    Christopher Dubeau
    CEO
    305-446-1150