BOCA RATON, Fla., May 16, 2005 (PRIMEZONE) -- American-Way Business Development Corp. (Pink Sheets:AWBV) announced today that it has been featured in "Larry Oakley's Comment" editorial column at www.WallStreetCorner.com, posted 05/16/2005.
AWBV serves the growing demand of national and international private companies interested in becoming publicly-traded companies on a U.S. stock exchange. It acquired five companies so far, and plans to conduct a "corporation launch - spin-off" during each quarter of 2005. The first four are: Mulberry Street Inc., Rejuvenations By Robert Palombo, Palm Beach Classic Cigars, & Feingold & Feingold.
Oakley commented: "I have always been a champion of small companies, having created some and experienced the tedious task of taking them public. Small business is the backbone of America. It is the source of most of the innovation in the U.S. Small businesses almost invariably need financing to make it to the point where their cash flow is both positive and sufficiently adequate to finance their growth. Therefore, any new situation that intends to help small business obtain financing, such as AWBV, gets my attention."
About American-Way Business Development: AWBV specializes in the acquisition and sale of small private companies. AWBV then maintains ownership in these companies, normally 20-25%, therefore building value for AWBV as its affiliates continue to grow. Under the guidance of AWBV, companies are given critical guidance and advice about due diligence, valuation analysis, and strategic positioning in negotiations. Ultimately, the company lends strategic support to assist growing enterprises in setting and meeting strategic and financial objectives.
About WallStreetCorner: Formed six years ago as a venue for the Conservative Speculator newsletter, published since 1987, WallStreetCorner -- including Conservative Speculator and Oakley's "Opinion," "Stock Pick," "Comment," and "Bold Ventures" editorial columns -- is now regularly read by investors in 82 countries.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by American-Way Business Development Corp. may differ materially from these statements due to a number of factors. American-Way Business Development Corp. assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.