ADVANTAGE CAPITAL DEVELOPMENT CORP
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Draft-Not for Distribution 11-5-04

Advantage Capital Development Corp. Obtains $25 Million in Equity Financing

Proceeds to Be Used to Fund Additional Investment Opportunities

MIAMI, November 17, 2004 -- Advantage Capital Development Corp. (OTC Pink
Sheets: AVCP ), announced today the company has obtained $25 million in
committed equity capital in the form of a Standby Equity Distribution Agreement
(SEDA) with an institutional investor.

Under the terms of the SEDA, the investor has committed to provide up to $25
million of funding to the Company over a 24-month period to be drawn down at the
Company's discretion by the sale of its common stock to the investor.

"We are currently evaluating a number of investment opportunities that meet the
exacting criteria set forth by our Board of Directors," said Jeffrey Sternberg,
Advantage Capital Development Corp. CEO. "Our relationship with this investor
will provide us with access to funds to pursue investments that we believe will
create long-term value for our shareholders."

Advantage Capital Development was recently created as a business development
company (BDC) which operates specifically to meet the needs of small and
emerging companies that need capital to grow. The Company was initially funded
with $1 million in debt financing through an institutional investor. Less than
six weeks ago Advantage made its first investment in Global IT Holdings, a
New-York based holding company created to acquire IT staffing firms.

Global IT Holdings recently completed a $3 million acquisition of the assets of
Platinum IT Consulting and its associated company Parker Clark Data Processing.
The two profitable companies, which have served the New York and New Jersey
markets for 25 years, have combined annual revenues in excess of $5 million. The
acquisition included investments from Advantage Capital and another
institutional fund as well as asset based financing.

Subsequently, Advantage Capital Development Corp. recently announced that it
plans to distribute one-third of its position of Global IT Holdings to its
shareholders upon the effectiveness of Global's registration statement.
Advantage Capital will notify the NASD and its shareholders ten days prior to
this distribution once Global's registration statement has been declared
effective by the SEC. As a result of that transaction, each Advantage
shareholder will receive approximately 50 shares of registered free trading
Global stock for approximately every thousand shares of Advantage stock owned.
When the distribution is completed, Advantage Capital will retain a nine percent
stake in the IT staffing holding company.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain of the statements contained herein,
which are not historical facts, are forward-looking statements with respect to
events, the occurrence of which involve risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by
various factors. Information concerning potential factors that could affect the
Company is detailed from time to time in the Company's reports filed with the
Securities and Exchange Commission.

An investment profile about Advantage Capital Development may be found online at
http://www.hawkassociates.com/advantagecap/profile.htm .

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An online investor kit containing Advantage Capital Development press releases,
SEC filings, current price Level II quotes, interactive Java, stock charts and
other useful information for investors can be found at
http://www.hawkassociates.com and http://www.hawkmicrocaps.com . Investors may
contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383,
email: info@hawkassociates.com .

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