SOURCE: Atlantis Business Development Corp.

January 08, 2007 10:00 ET

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

MIAMI, FL -- (MARKET WIRE) -- January 8, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by Staples, Inc. in the EFTAS Employment Program. Staples, Inc. is the firm that founded the Office Supplies Superstore Industry, when it opened its first store in Massachusetts in 1986.

Today, Staples offers a wide selection of business products for worldwide customers that span Office Supplies, Ink & Toner, Technology and Furniture. This Industry Leader joins a growing list of national and local patriotic and community focused businesses that are 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.

Atlantis CEO Christopher Dubeau stated that "Atlantis is looking forward to working with such an outstanding organization as Staples, Inc. With our participating partner firms, we plan to make an impact in the lives of our returning soldiers; as we raise the standard for 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 Staples, Inc:

Based in Framingham, MA, Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 69,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2005 sales of $16.1 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 21 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates more than 1,800 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at

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 indicating 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.

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