Atlantis Business Development Corporation Letter to Shareholders.

Business Editors

RED BANK, N.J.--(BUSINESS WIRE)--March 25, 2004

The following is a letter from Brian F. Zucker, Chairman of Atlantis Business Development Corporation, Inc. (OTCBB:ABDV) (www.atlantisbdc.com).

Dear Shareholder,

I am writing to update you on the recent developments of your Company, Atlantis Business Development Corporation, Inc., and it's current and future business activities. Since my last letter to you of June 24th, 2003 we have been implementing our business plan very successfully. The following is a brief recap:

1) On January 20th, 2004 we announced the formation of Fine Wein

Records, Inc. whereby ABDV had acquired a 40% equity stake in

this venture. Fine Wein specializes in the creation of music

compilations and theme-oriented DVD productions. Each project

is spearheaded by the licensing of high-profile,

entertainment-related brand-name Companies. These corporations

will lend their names to what management believes to be a very

exciting music and DVD compilation series. This is an industry

with exceptional growth potential as witnessed by the fact

that 2002 DVD revenues were $213 billion and 39 Million

households owned DVD players. Over the coming months, Fine

Wein expects to announce several licenses with international

household brands that will make for top creative and marketing

partners. These hybrid CD/DVD and DVD/CD releases will also

coincide with more party and risque oriented themed projects.

In addition, Fine Wein is in the final rounds of distribution

negotiations with several of the top international companies.

2) On March 3rd, 2004 we announced acquisition of 10% of TST 

Recycling Technologies ("TSTR"), a specialist in the treatment

of hazardous, toxic and non-desirable wastes. TSTR owns 100%

of TST Entsorgungs AG ("TST"), which is a Swiss registered

Company. The predecessor of TST started testing the process of

treating waste via the use of High Temperature Vitrification 

("HTV") in the late 1980s. We have been advised that the

original pilot plant was converted into a commercially viable

plant, and was purchased by TST for approximately $1.4 Million

during 2002.

3) On March 18th, 2004 we announced the acquisition of a majority

interest in Magna Solar Inc. ("Magna") Magna is a jointly

owned project with SunAmp Power Company, Inc.

(http://www.sunamp.com). The primary focus of this new Company

will be to provide solar outdoor pre-packaged lighting

systems. These systems will contain proprietary products and

designs engineered by Magna and its own proprietary Solar

Evaporating Cooler. Published studies indicate that the solar

market is growing at the estimated rate of 30% per year. Magna

is actively negotiating several opportunities to provide their

pre-packaged lighting systems and expects to announce these

developments shortly.

ABDV's goal during this calendar year is to have a minimum of 4-5 Companies in its portfolio. All of ABDV's portfolio Companies during this calendar year may be in different industries, but our goal is that they should have either positive cash flow within 18 months of their establishment or that they will be able to be publicly traded. During 2005 we plan on continuing to add to our portfolio with a compliment of Companies that will provide synergies to our current portfolio of Companies as well as continuing to increase the diverse industries we invest in. Spreading out investments throughout multiple industries should minimize our risk, while at the same time investing in Companies that have synergies with our portfolio Companies should provided greater opportunities. We believe that this approach will maximize the value of our portfolio positions and subsequently enhance the value of our shares.

Thank you, Brian Zucker, President

ABDV is a Business Development Corporation ("BDC") and is subject to the Investment Company Act of 1940. As a BDC, Atlantis seeks development stage companies, which in their opinion offer exceptional growth potential. ABDV provides operating capital, management, accounting and strategic planning advice to all portfolio Companies.

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.