SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

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FORM 8-K

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CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SCURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest reported): June 20, 2005

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Advantage Capital Development Corp.

(Exact Name of Registrant as Specified in Its Charter)

Nevada

87-0217252

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

2999 N.E. 191st Street, PH2 Aventura, FL 33180

(Address of Principal Executive Offices)(Zip Code)

(305) 692-1832

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

INFORMATION TO BE INCLUDED IN THE REPORT

ITEM 8.01. OTHER EVENTS AND REGULATION FD DISCLOSURE

On June 20, 2005, Advantage Capital Development Corp. issued a press release announcing that one of its portfolio companies, Global IT Holdings Inc., has completed its merger with High Road International, Inc. (Pink Sheets: HRDI - News). As the result of this transaction, Global IT Holding Inc. now owns 85 percent of all of the fully diluted shares of High Road, a Nevada corporation based in California. Pursuant to the transaction, High Road International will change its name to Global IT Holdings Inc. to reflect its new operations as a IT staffing company and will apply for a new trading symbol.

The Company believes that Global IT Holdings will benefit from the resources available to a public entity in order to realize its potential in the multi-billion dollar IT staffing industry and that the merger further validates its business model which is to identify specific small and emerging companies which need capital to grow to realize their full potential while creating value for the Company’s shareholders. The Company recently increased its ownership in Global IT Holdings from 15 to 22 ½ percent.

Global IT Holdings Inc. is a New York-based holding company created to acquire targeted IT staffing firms. The Company’s current holdings include Platinum IT Consulting and its associated company, Parker Clark Data Processing. These two companies, which have served the New York and New Jersey Markets for 25 years, have combined annual revenues in excess of $5 million. For additional information go to www.platinumit.com

According to the American Staff Association, U.S. annual sales for temporary help totaled $63.3 billion in 2004, nearly on par with the industry’s sales peak in 2000 and 12.5% more than 2003. For the past three decades the industry has grown at a rate of 10 percent a year. Ninety percent of U.S. companies use temporary staffing services.

Advantage Capital recently announced it had converted a $1 million convertible note with Cornell Capital Partners into shares of the Company’s preferred stock. The Company also reported that another institutional fund, Montgomery Equity Partners LP, has purchased $475,000 of the same preferred stock. The resultant transactions virtually eliminated all of the company’s debt, while the Company’s tangible net worth now exceeds $2 million.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(a)	Financial statements of business acquired:

None

(b)	Exhibits
Number		Exhibit
99.1		Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

ADVANTAGE CAPITAL DEVELOPMENT CORP.

By:	/s/Jeff Sternberg
	Jeff Sternberg, President

June 21, 2005

ADVANTAGE CAPITAL DEVELOPMENT CORP 8-K