BOCA RATON, Fla., Feb. 17 /PRNewswire-FirstCall/ -- American-Way Business Development Corp. (OTC Pink Sheets: AWBV) announced today that it has completed the purchase of Lifestyle 21 Dialysis Center Inc., located in south Florida. The purchase will clear the way for the Lifestyle 21 Dialysis Center Inc. to begin an aggressive expansion program into a marketplace of over 17 million people.
“There continues to be growing need for more kidney dialysis centers located in Florida,” explained Donald Platten, President and CEO of AWBV. “The Florida marketplace is composed of two significant groups of people who require dialysis. The plus-50 market continues to relocate in very large numbers to Florida. Second, there are millions of foreign tourists who require treatments during their extended Florida vacations. Lifestyle 21 will be aggressively marketed to both of these groups.”
An undisclosed amount of cash and AWBV stock was used to complete the purchase. Lifestyle 21 Dialysis Center Inc. has plans to open 11 centers in the next 24 months. Each center has the capacity to produce $3 million in revenue each year.
About American-Way Business Development
AWBV specializes in the acquisition and sale of small private companies. AWBV then maintains ownership in these companies, normally 15-25%, 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.
A proposed company dividend schedule based on planned spin-off is expected to be released later this week.
Contact: Donald Platten, donplatten17@aol.com , website: http://www.american-way.biz/ Address: 530 South Federal Highway, Suite 150 Deerfield Beach, FL 33441 Investor Relations: Robert Thomas(866) 766-6336 or AWHB@BrokerElations.com website: http://www.brokerelations.com/
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.
American-Way Business Development Corp.
CONTACT: Donald Platten, American-Way Business Development Corp.,donplatten17@aol.com; or Investor Relations, Robert Thomas, +1-866-766-6336,or AWHB@BrokerElations.com, for American-Way Business Development Corp.
