SOURCE: Atlantis Business Development Corp

January 10, 2007 10:07 ET

Atlantis Business Development Corporation, Inc. Initiates Funding Contribution to Its Wholly Owned Subsidiary, Known as EFTAS (Employment for the Armed Services) Delivering on Promise

MIAMI, FL -- (MARKET WIRE) -- January 10, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD), announced today that it has initiated a major funding contribution to its wholly owned subsidiary, EFTAS and

Today's action by the Company follows through on a previous announced pledge by Atlantis CEO Chris Debeau. Atlantis had previously pledged to make a significant contribution to fund and support the operations of its wholly owned subsidiary EFTAS and The total originally pledged by Atlantis was a sum of three hundred thousand dollars ($300,000).

The Company further announced its commitment to significant web development, for the EFTAS effort. The updated website will soon include refreshed resumes.

About EFTAS: is an organization dedicated to helping active military personnel find employment prior to and on the heels of their return home from active duty. The EFTAS website will provide the functionality of the leading electronic job posting websites, such as and, but for military personnel only.

Atlantis CEO Christopher Dubeau noted, "Atlantis has been moving forward very rapidly with its business unit EFTAS, and has received broad support from community-focused businesses eager to participate in this worthwhile program. Atlantis has committed its total support to this business endeavor and is very excited about the launch of its EFTAS subsidiary."

In addition to the planned job posting website, Atlantis is in the process of exploring other avenues for supporting the employment needs of our military personnel, such as collaborating with career fair operators, job training organizations, direct hire employers, and executive search firms.

Thousands of military personnel are stationed around the globe fighting for our country. Many of these brave patriots come home to find themselves without jobs. Atlantis feels that EFTAS can help make a difference -- giving military personnel an opportunity to interact with potential employers.

About Atlantis:

Atlantis Business Development Corporation (ABSD) ( 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, as well as 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., listed 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, uncertainties related to the Company's access to additional capital, competition and dependence on key management.

Contact Information

  • Additional Information:
    Christopher Dubeau