MIAMI, April 20, 2005 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ABDE) announced today wholly owned subsidiary 727 Communications purchased the final piece of equipment for its FOIP and VOIP network. The most recent purchase was a Lucent APX 8000 (to read more about the equipment visit: http://www.lucent.com/products/solution/0,,CTID+2013-STID+10443-SOID+734-LOCL+1,00.html ). The APX 8000 will be used for 727"s FOIP and VOIP traffic. XO Communications has placed 727 Communications on a priority status, and has expedited the implementation of 727 Communications DS3's. The projected gross revenue from the use of this equipment is three million two hundred twenty thousand eight hundred dollars ($3,220,800) in the first year.
About Atlantis Business Development Corporation
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.