MIAMI, Fla., May 25, 2005 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ABDE) announced today that wholly owned subsidiary 727 Communications (www.727communications.com) completes connection with XO Communications and begins passing minutes. 727 is now passing minutes through the installed XO circuits and has begun producing outstanding revenues.
"We are very pleased with the direction 727 Communications is headed," said CEO Christopher Dubeau, and went on to say, "With the potential growth and demand for such technology we expect a very profitable year."
About 727 Communications
727 Communications is an IP telecommunications pioneer service provider which provides the best breed of IP telephony solutions to its customers. The company is dedicated to helping individuals and organizations alike in continually improving their ability to compete in the global marketplace. 727 Communications is committed to provide telecommunications that improve the way people experience their daily lives at work and at home. To this end, 727 Communications provides high quality, communication enhancing products and services to an ever-increasing number of service providers, businesses, and consumers throughout the United States and beyond.
About Atlantis Business Development
Atlantis Business Development Corporation, (ABDE) (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. (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.