SOURCE: Atlantis Business Development Corp

January 24, 2007 09:45 ET

Atlantis Business Development Corporation Inc. and EFTAS.org Announce Participation by Shaw's Supermarkets, Inc. in the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- January 24, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by Shaw's Supermarkets, Inc., a New England based unit of SUPERVALU, in the EFTAS Employment Program.

Shaw's Supermarkets has always been a community focused good neighbor operating in the local communities that it serves throughout New England. It is only natural for Shaw's to want to step up and offer to participate in the EFTAS Employment Program.

EFTAS, with the support of its local, regional, and national business and community partners; will make a difference for our soldiers. The effort helps our returning soldiers find employment in their local communities, as they return to civilian life. In addition, EFTAS is developing an electronic job posting website (eftas.org) to assist returning military personnel and veterans connect with potential employers for career opportunities.

Atlantis CEO Christopher Dubeau noted that, "Shaw's Supermarkets has always been known as a high quality company in the marketplace throughout New England. The EFTAS Employment Program can only make its impact, with the generous support of business and community focused companies like Shaw's. Atlantis truly appreciates and welcomes the support of Shaw's Supermarkets."

About Shaw's Supermarkets, Inc:

From its New England roots in 1860 to today, Shaw's Supermarkets, Inc. has always been an industry leader in the communities that it serves offering quality products and quality service. Today, Shaw's, with 208 stores, is a major supermarket chain employing 30,000 Associates and serving customers in Maine, Massachusetts, New Hampshire, Rhode Island, Connecticut, and Vermont. Shaw's is also a retail grocery member of the SUPERVALU family of grocery companies which has operations nationwide.

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 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