MIAMI, July 11, 2005 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ABDE) announced today that 727 Communications, a wholly-owned subsidiary, is about to sign a 2 year contract with "AMEKON", a Russian Broadcasting Company, to pass 20 million minutes per month. CEO Christopher Dubeau, stated that this contract will replace 727's contract with E-Direct and opens a whole new market for 727 Communications and Atlantis Business Development Corporation in the Russian telecommunications market place. This revenue of $200,000 dollars monthly or $2.4 million yearly will enable 727 Communications to expand again immediately.
About Atlantis Business Development
Atlantis Business Development Corporation, (ABDE) (http://www.atlantisbdc.com) is currently registered as a Business Development Corporation (BDC) and seeks out companies that are in their business development stage and invests in these companies. It also builds, creates, and funds its own profitable companies to produce value to its shareholders.
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. (ABDE), 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, ABDE's extremely limited operating history, uncertainties related to the Company's access to additional capital, competition and dependence on key management.