BOCA RATON, Fla., May 17, 2005 (PRIMEZONE) -- American-Way Business Development (Pink Sheets:AWBV) announced today it has signed a Letter of Intent to purchase a nationally recognized high school sports recruiting network called, Prime Time High School Sports. The agreement is the fourth such LOI for American-Way since January and moves the company closer to its 2005 strategic goals for acquiring a minimum of six companies during its first year of operation.
"What is more American than to help our country's outstanding young athletes achieve their dreams to move into the ranks of college sports," boasted Donald Platten, AWBV CEO & President. Prime Time High School Sports assists high school seniors in obtaining scholarships. Students can now market themselves to colleges on a national and international level. Prime Time Sports has formed a joint venture with Fade to Black production, a Boca Raton Company. When the acquisition is completed, American-Way intends to support the company by development of a state-of-the-art website that will include videos and sports column clips of high school athletes from all fifty states. Prime Time will then sell territorial agreements to local and regional scouts who will become personally familiar with both the aspiring young athletes and their backgrounds to insure that each candidate they recommend closely matches the school's enrollment requirements.
About American-Way Business Development
AWBV serves the growing demand of national and international private companies interested in becoming publicly traded companies on a U.S. stock exchange. AWBV currently has three companies it has acquired and plans to conduct a "corporation launch - spin-off" during each quarter of 2005.
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.
All information concerning business opportunities for American-Way, potential acquisitions and public company shell inquiries contact:
Donald Platten, donplatten17@aol.com, Website: http://www.American-Way.biz For Investor Relations contact: Robert Thomas (866) 766-6336 or AWBV@BrokerElations.com Website: http://www.BrokerElations.com
DISCLAIMER
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 may differ materially from these statements due to a number of factors. The company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.