American-Way Business Development Signs Letter of Intent to Purchase Medical Collector

BOCA RATON, FL – American-Way Business Development (OTC: AWBV) announced today that it has signed a Letter of Intent to purchase Feingold & Feingold of Deerfield Beach, Florida. The company is a well-established licensed collections agency specializing in the collection of medical bill accounts throughout Florida. It is estimated that there are currently over $300 million in past due medical bills just in the state of Florida.

Donnie Platten, AWBV CEO and President, proudly announced, “Feingold & Feingold will add another very valuable asset to AWBV. The collections industry plays a critical roll in helping maintain healthy businesses by insuring that the income and profits they have earned are protected.”

Feingold plans to apply for membership in ACA International (ACA), formerly the American Collectors Association. The organization was created in 1939 to unite third party collection professionals to advance the credit/collection industry. The organization sees its role as protecting citizens with good credit so that it will remain available to all consumers.

“American-Way is about helping keep businesses healthy. Collecting on past due accounts will always be necessary and is a growing business. With Feingold & Feingold as part of our organization, their experience and services will add unique expertise to our negotiating profile,” said Mr. Platten.

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.