Atlantis Business Development Corporation Books Initial Revenue

RED BANK, N.J., June 21, 2004 (PRIMEZONE) -- Atlantis Business Development Corporation (OTCBB:ABDV) is pleased to announce that its wholly owned multimedia marketing company, E-Direct, Inc., has already booked $82,500 in revenues in its first full week of full operation, and is well ahead of its forecast for the quarter.

Michael C. Dubeau, E-Direct President, stated, "We are fortunate to be off to such a strong start, and believe that this will be a trend that will continue. We have developed a lot of interest in our services, and that should translate into significant revenue and net income over the next several quarters."

"We are glad to see that our recent acquisition of E-Direct, Inc. is off to a spectacular start. As we have indicated before, we believe this investment should result in ABDV becoming a profitable organization on an operating basis over the next 12 months," said John Figliolini, ABDV's President. He continued, "These initial revenues prove the value of the database of the company which we have recently purchased."

About E-Direct, Inc.

E-Direct has over 220 Million opt-in emails from categories that range from investing to travel. E-Direct presently owns and operates over 120 servers for all marketing purposes. Along with its U.S. bandwidth, E-Direct has also acquired bandwidth from various countries, making E-Direct a world-wide multimedia marketing agency.

About Atlantis Business Development Corporation

Atlantis Business Development Corporation, (ABDV) ( is registered with the United States Securities & Exchange Commission as a Business Development Corporation ("BDC") and subject to the 1940 Investment Company Act. Atlantis seeks out Companies that are in their business development stage and provides management, accounting, finance, and M & A advice. Atlantis is an active investor in the Companies to which it provides its services and focuses on companies that are seeking to become publicly traded through reverse merger.

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. (ABDV), 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, ABDV's extremely limited operating history, uncertainties related to the Company's access to additional capital, competition and dependence on key management.


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