SOURCE: Atlantis Business Development Corp

February 20, 2007 11:13 ET

Atlantis Business Development Corporation Inc. and EFTAS.org Proudly Announce Spirit Airlines as the First Airline to Join the EFTAS Employment Program

MIAMI, FL -- (MARKET WIRE) -- February 20, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by Spirit Airlines as the First Airline to participate in the EFTAS Employment Program.

Experiencing rapid business expansion, Spirit Airlines is eager to offer employment opportunities, in partnership with EFTAS, to our returning soldiers re-entering the civilian job market. Spirit Airlines joins a growing list of premier business partners, eager to help our military men and women.

With immediate hiring needs, Spirit Airlines is offering a quick entry into the EFTAS program. As the EFTAS website, www.eftas.org, is in its final development stages, with full functionality anticipated soon by 3/12/07, Spirit Airlines has stepped up and is offering a quick start for returning military personnel. Spirit Airlines welcomes direct job applications immediately from exiting military personnel seeking to re-enter the civilian job force at the end of their military service. Job applicants can apply for positions directly to Spirit Airlines at www.spiritair.com.

EFTAS (Employment for the Armed Services) supports our military men and women, seeking civilian employment, as they return to their local communities at the conclusion of their military service. EFTAS, with the help of the overwhelming broad community and business partner support, will make a difference for our soldiers.

About Spirit Airlines:

Spirit Airlines, the leading low-cost carrier to the Caribbean, is a fast growing Fort Lauderdale-based airline offering outstanding service to 32 cities from its hubs in Detroit and Fort Lauderdale. Spirit, with 2200 employees, has an all-new Airbus fleet and now has the youngest fleet of Airbus aircraft in the Americas. With the customer in mind, the fleet of A319s and A321s features all leather seats. Spirit Airlines also offers Spirit Plus Business Class with an extra six inches of width and legroom, along with complimentary cocktails and snacks.

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).

To join our email alert list Click here:

http://www.b2i.us/irpass.asp?BzID=1353&to=ea&Nav=1&S=0&L=1

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:
    Tim Deherrera
    719/598-2469