SOURCE: Atlantis Business Development Corp.

January 12, 2007 09:30 ET

Congressman Patrick J. Kennedy (D-RI) Endorses the Efforts of EFTAS in Supporting Our Dedicated Military Men and Women

MIAMI, FL -- (MARKET WIRE) -- January 12, 2007 -- Atlantis Business Development Corp. (OTCBB: ABSD) has been notified by The Office of Congressman Patrick J. Kennedy (D-RI) of his support for EFTAS (Employment for the Armed Services) in its mission to assist Veterans. Throughout his career, Congressman Kennedy, a former member of the House Armed Services Committee, has always been a strong supporter of our Military and Veterans. The Congressman noted, "I look forward to EFTAS' success, in helping our returning soldiers rejoin their local communities."

EFTAS, a wholly owned subsidiary of Atlantis Business Development, joins patriotic and community focused business partners in providing a range of services that assists our military men and women find civilian employment, upon completion of their military service. In addition, EFTAS is developing an electronic job posting website ( to assist returning military personnel and veterans connect with potential employers for career opportunities.

Atlantis CEO Christopher Dubeau commented, "Atlantis welcomes and appreciates the support of Congressman Kennedy. The EFTAS Employment Program has been able to move forward at such a rapid pace, of late, thanks to the broad support it has received from community, business and government leaders."

About Congressman Patrick Kennedy:

Patrick J. Kennedy is serving his seventh term in Congress as the Representative from the First District of Rhode Island. As a member of the House Armed Services Committee for six years before taking his Appropriations Committee seat, Kennedy remains a strong supporter of our national defense. With his tenure on the House Armed Services Committee and now his position on the House Appropriations Committee, Congressman Kennedy is fighting for our military as it protects our country.

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:

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.

Contact Information

  • Additional Information:

    Christopher Dubeau