SOURCE: Atlantis Business Development Corp

January 04, 2007 10:00 ET

Atlantis Business Development Corporation, Inc. and EFTAS.org Announce Participation by Raytheon Co. in the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- January 4, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by one of the nation's leading Military and Defense Contractors in the EFTAS Employment Program. Raytheon Co. joins a growing list of patriotic and community-focused businesses eager to participate in the EFTAS program. EFTAS provides a range of services and assists our military men and women, as they return home to their communities seeking civilian employment opportunities.

Raytheon is a firm that aspires to be the most admired defense and aerospace systems supplier. It is only natural for Raytheon to see the need, and want, to step up to help our dedicated military men and women. Raytheon places the highest value on Community Involvement and works closely everyday in support of our nation's military.

Atlantis CEO Christopher Dubeau commented that "Atlantis is extremely proud to be joining forces with such an outstanding organization as Raytheon Co. 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 Raytheon proudly counts former military personnel among its directors, employees, business suppliers, and loyal customers."

About Raytheon Co:

With 80,000 employees worldwide and headquartered in Waltham, MA; Raytheon Co. is an industry leading defense and government supplier. The Company's business focus spans electronics, space, information technology, technical services, business aviation, and special mission aircraft.

Raytheon is a firm that always strives to be the best, including helping the Community and being a good Corporate citizen. Raytheon's goal is to retain and attract world class talent while providing superior opportunities for employee development.

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:

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
    877/456-5218