SOURCE: Atlantis Business Development Corp

February 06, 2007 10:00 ET

Atlantis Business Development Corporation Inc. Inks Project Implementation and Software Development Agreement With Entec Software, Inc.

MIAMI, FL -- (MARKET WIRE) -- February 6, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the signing of a Project Implementation and Software Development Agreement, in support of the business mission of its wholly owned subsidiary EFTAS.

The agreement with Entec Software, Inc., a wholly owned subsidiary of Nettel Holdings, Inc., is designed to deliver full operational functionality to the EFTAS portal known as Under the agreement, Entec Software will complete the design and development, as well as provide ongoing technical support for the operation of the website. The site will be a job posting website, designed for the exclusive use of military personnel in their job search, as they return to the civilian job market, in their local communities.

ETFAS has experienced broad community and business partner support in its effort to help our soldiers. 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 Entec Software, Inc.

Based in the US Pacific Northwest, with Offshore Consulting capabilities, Entec Software Inc. provides high quality Information Technology Solutions with a highly skilled technical team, while offering cost effective solutions. The Company offers a complete business solution to improve a business process, and is fast becoming an Industry Leader.

About Nettel Holdings, Inc:

Nettel Holdings, Inc., is a business incubator that creates small companies with a unique technology and supplies them with the necessary technical support, and finances needed to grow. The Company's main revenue producing product is called Advanced Voice Order Processing (AVOP). This product provides international long distance phone companies a single point of contact. The solution creates a mechanism to negotiate and manage call termination point agreements, with local phone companies, in countries around the globe.

Part of Nettel's success is its technical support which comes from a wholly owned subsidiary in Vietnam with more than 50 engineers, called Entec Software. This offshore operation provides a tremendous competitive edge for Nettel, and each subsidiary, keeping its software development costs extremely competitive.

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 it is a 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 (

To join our email alert list Click here:

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: