Friday, June 16, 2006 2:18:02 PM
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.
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