Marketwire "Press Releases"
HONG KONG, CHINA -- (Marketwired) -- 11/05/13 --
Accredited Business Consolidators Corp., (PINKSHEETS: ACDU), today announced that it expedited certain land acquisition discussions.
Over the last several months, Accredited Business participated in negotiations to purchase in excess of 300 acres of land in Bluefields, Nicaragua. The land is accessible from the city. Considering the recent purchase by Abraham Blauvelt Ltd., an Asian, American, and Latin American investment firm comprised of over forty individuals and entities, it appears prudent to move forward with the purchase. As such, a meeting will take place on November 6, 2013, in Managua, Nicaragua. On November 9, 2013, a delegation of representatives from Accredited Business and Abraham Blauvelt will visit Bluefields, Nicaragua, to reinspect the premises and to view the Company's other parcel. On November 13, 2013, a final binding letter of intent will be executed by the parties containing a closing date.
Also on November 5, 2013, Abraham Blauvelt Ltd. announced that it agreed to appoint a new interim President no later than November 15, 2013. As such, the Company utilized its voting privileges to replace Company President Joanna Chmielewska. Abraham Blauvelt Ltd. agreed to pay Ms. Chmielewska, who never received a salary, a termination fee of $1,350,000. The payment will be paid by Abraham Blauvelt Ltd. The Company thanks Ms. Chmielewska for her services which included lucrative land projects.
Abraham Blauvelt Ltd.'s agents will also finalize financing of a parcel of land near the Aeropuerto Internacional Augusto C. Sandino in Managua, Nicaragua, that it is already in the process of acquiring. The utility-enabled land will allow the Company to build a traveler hotel with between fifth and seventy rooms located less than half a mile from the airport. The project will be assigned to Accredited Business, which will become owner of the land. Construction is planned to begin no later than January with completion of Phase I in April 2014.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified corporation. The total number of authorized common shares is 450,000,000, outstanding is 436,399,566, of which 329,086,266 shares are in the public float. ACDU owns over 125 acres of land in the Bluefields area of Nicaragua and is in final negotiations to purchase additional development grade land exceeding 300 acres. In addition, AccreditedBiz is in the process of investing in several hotels and housing developments in Nicaragua. These investments will make AccreditedBiz an important player with respect to the forthcoming Nicaraguan Canal. In addition, the Company maintains internet and marketing businesses such as www.accreditedrx.com (free discount pharmacy program), www.accredihost.com (offshore and domestic internet hosting), www.ninedollardomains.com ($9 domain names), www.accreditravel.com (hotel booking engine and travel site), among others.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
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Contact:
Investor Relations
Accredited Business Consolidators Corp.
info@accreditedbiz.com
Fax: 267-371-5168
www.accreditedbiz.net
www.accreditedbiz.com
Source: Accredited Business Consolidators Corp.
