MIAMI, March 14, 2005 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ATBD) announced today, the wholly owned subsidiary, 727 Communications Inc., signed a 2 year contract to sell 240,000,000 minutes to E-Direct Inc. This contract constitutes $2,400,000 dollars in revenue for 727 Communications. This is the 1st contract for 727 Communications and this will put 727 Communications very close to the projected income for the 1st year.
About 727 Communications
On March 4th, 727 Communications was formed to conduct business and produce revenue from the sale of Voice Over Internet Protocol (VOIP) minutes. The pro forma for 727 Communications states in the first year the projected gross sales are three million two hundred twenty thousand eight hundred dollars ($3,220,800) and the projected gross profit is one million one hundred thirty eight thousand seven hundred and sixty five dollars ($1,138,765).
About Atlantis Business Development
Atlantis Business Development Corporation, (ATBD) (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. (ATBD), 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, ATBD's extremely limited operating history, uncertainties related to the Company's access to additional capital, competition and dependence on key management.