Early Bird Special (EBS)

[IRISHBULL]

AWBV - CORRECTION - American Way Business Development Corporation

May 31, 2006 9:39:00 AM

BOCA RATON, FL -- (MARKET WIRE) -- 05/31/06 -- In the news release, "American Way Business Development Corp. Announces Special Dividend to Shareholders," issued yesterday, May 30, 2006, by American Way Business Development Corporation (PINKSHEETS: AWBV), we are advised by the company that the date of record for shareholders should be June 15, 2006 rather than May 15, 2006 as originally issued. Complete corrected text follows.

American Way Business Development Corp. Announces Special Dividend to Shareholders

BOCA RATON, FL -- 05/30/2006 -- American Way Business Development Corporation (PINKSHEETS: AWBV) ("AWBV" or the "Company") announces today a special dividend to shareholders of record as of June 15, 2006. This is to deliver on a promise made last year to loyal AWBV shareholders to provide them with an equity interest in subsidiaries of the Company once these subsidiaries are able to operate on their own as independent entities. If all goes according to plan, this special dividend will be one of many. Specifically, the Company has set aside restricted shares of its subsidiary, Eli Enterprises, Inc. (the "Subsidiary") for the benefit of shareholders of record as June 15, 2006 at a ratio of one share of the Subsidiary for each 10,000 shares of the Company with a special bonus for small shareholders which provides them a minimum of 1,000 shares of the Subsidiary.

As our loyal shareholders well know, AWBV specializes in the acquisition and sale of small private companies and 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 the second quarter of 2006. 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.

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

Contact:
American Way Business Development Corp.
Don Platten
561-962-4124
[e-mail]
http://www.americanwaybd.com