SOURCE: Atlantis Business Development Corp.

January 05, 2007 10:07 ET

Three South Florida Firms Join Growing List of Participants in the EFTAS Employment Program Sponsored by Atlantis Business Development Corporation Inc.

MIAMI, FL -- (MARKET WIRE) -- January 5, 2007 -- Atlantis Business Development Corporation Inc. (OTCBB: ABSD) is pleased to announce the participation by three South Florida-based firms in the EFTAS Employment Program and Atlantic Coast Container Repair LLC, Miami Management Inc., and Deep Impact Powerboats are all industry leaders in their respective fields. They are eager to volunteer and help with this worthwhile effort in support of our dedicated military men and women. EFTAS assists our soldiers as they return home to their communities seeking civilian employment opportunities upon completion of their military service.

Atlantic Coast Container Repair LLC is one of the largest ship container repair firms in the country. From the company's Virginia facility, Atlantic Coast performs work for the federal government.

A well established full service firm, Miami Management, Inc. is one of the largest property management firms in South Florida with hundreds of buildings under their management. Since 1988, the Company has grown to now represent over 500 Associations consisting of more than 64,383 unit owner accounts.

Deep Impact Powerboats custom designs, develops, and manufactures high performance 33 and 36 foot sport fishing power boats. Deep Impact is known for quality, as it sets the highest standards for craftsmanship and customer satisfaction.

The three companies join a growing list of patriotic and community-focused businesses offering to participate in the EFTAS program. Previously announced participants include National Disaster Solutions, BJ's Wholesale Club, Inc., Lexus of Kendall, Kendall Toyota of Miami, and Outback Steakhouse Inc.

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:

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 (

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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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    Christopher Dubeau