MIAMI, Jan. 10, 2006 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ABDE) announced today it has signed a Letter of Intent to acquire Boulevard Development LLC, a New Jersey corporation with industrial land assets.
Boulevard Development LLC is planning to develop the 24.8 acres of industrial land next to the Monmouth Executive Airport in Wall, New Jersey. The Monmouth Airport has been valued at over $75,000,000 dollars. Boulevard Development believes this land can be developed into several sub divisions and resold for over six million dollars.
To take a closer look at the property click or follow the link below:
http://maps.google.com/maps?f=q&hl=en&q=Monmouth+Executive+Airport+in+Wall,
+New+Jersey&btnG=Search&t=k&ll=40.19143,-74.130464&spn=0.028488,0.053644&t=k
About Boulevard Development LLC
Boulevard Development LLC is a New Jersey corporation with one goal in mind, to develop industrial, residential, and commercial properties and then in turn reselling these properties for a hefty profit.
About Atlantis Business Development
Atlantis Business Development Corporation (ABDE) (www.atlantisbdc.com) is currently registered as a Business Development Corporation (BDC) in accordance and pursuant to Section 54 of the Investment Act of 1940. It seeks out companies that are in their business development stage and invests in these companies through various means. It also builds, creates and funds its own profitable companies in order to produce greater future value to its shareholders. The Investment Company Act of 1940 was passed to encourage investing in developing businesses. The Act provides simpler access to public funds for the purpose of business development, with emphasis on regulation of expenditures, rather than regulation of fund-raising. Under the Act, the majority of publicly raised funds pursuant to the Act must be employed in developing businesses.
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.