Edgar Online "Glimpses"
ITEM 5.02 Departure of Directors or Principle Officers
The Company announced the departure of Joanna Chmielewska as officer and
director pursuant to a directive of Abraham Blauvelt Ltd., preferred
shareholder. All compensation owed to Ms. Chmielewska will be paid by Abraham
Blauvelt Ltd.
ITEM 7.01 Regulation FD Disclosure
The Company issued a press release on November 5, 2013, stating that, 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.
The press release also stated that, 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.
The press release explained 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.
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.
Dated: November 5, 2013
ACCREDITED BUSINESS CONSOLIDATORS CORP.
By: /s/ Andy William
Andy William, Vice President and Chief Operating Officer
fax: 1-267-371-5168
--------------------------------------------------------------------------------
