Atlantis Business Development Corporation Focuses Funding and Development Strategy On Companies Pre-Reverse Merger.Business Editors RED BANK, N.J.--(BUSINESS WIRE)--May 5, 2004 Atlantis Atlantis (ətlăntĭs, ăt–), in Greek legend, large island in the western sea (the Atlantic Ocean). Plato, in his dialogues the Timaeus and the Critias, Business Development Corporation, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABDV) announced today its strategy of funding private companies pre-reverse merger and assisting them to become successful publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . The objective is to establish short term liquidity events for Atlantis as well as retaining long term equity positions. The benefits of the unique business model include rapid reallocation Noun 1. reallocation - a share that has been allocated again allocation, allotment - a share set aside for a specific purpose 2. reallocation of capital and the development of substantial assets by funding companies that are seeking to be public. Management believes that investments in these soon to be public companies can be made at an accelerated pace with greater returns and higher success rates. "Our approach as a Business Development Company is to take private companies in the reverse merger mode and provide them with financial and management resources to help them develop into successful public companies. The reverse merger method of becoming publicly traded has become a viable financial tool for many private companies and we intend to aggressively pursue opportunities within this area," stated John Figliolini, Atlantis BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller President and Chief Executive Officer. Atlantis Business Development Corporation, (ABDV) (www.atlantisbdc.com) is registered with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 provide 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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