SOURCE: Atlantis Business Development Corp

February 12, 2007 09:00 ET

Second Notice: The Atlantis Business Development Corporation Inc. Common Stock Shareholders of Record, as of February 16, 2007, to Receive a One-for-Two Stock Dividend

MIAMI, FL -- (MARKET WIRE) -- February 12, 2007 -- Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) previously announced that on Tuesday, January 23, 2007, its Board of Directors approved the issuance of a stock dividend, to all common stock shareholders of Atlantis Business Development Corporation Inc.

The action is designed to allow shareholders to benefit from the recent success of the company's wholly owned subsidiary EFTAS (Employment for the Armed Services). The dividend will be issued to all shareholders of record, as of February 16, 2007. For every two (2) shares of Atlantis common stock owned, the shareholder will receive one (1) additional restricted share.

Atlantis President and Board Member Tim DeHerrera noted, "The Company is very proud of its record of success in generating shareholder value. After all, that is the whole idea behind being a Business Development Company. Atlantis eagerly welcomes opportunities to allow common shareholders to share in the upside potential and success of diverse emerging portfolio companies, that are developed under the Atlantis umbrella."

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).

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.

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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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    305-446-1150