SOURCE: Accredited Business Consolidators Corp.

November 30, 2009 00:05 ET

Accredited Business Consolidators Corp. Announces Plans for Its Telecom Tools, Inc. Affiliate

DOYLESTOWN, PA--(Marketwire - November 30, 2009) - Accredited Business Consolidators Corp., trading as the Italian Oven (PINKSHEETS: IOVE), today announced its plans with respect to Telecom Tools, Inc. IOVE owns 45% of Telecom Tools' common stock.

Telecom Tools retained Michael J. Colitz Jr. as counsel to finalize its previously announced patent which will be assigned by the inventor to the company upon filing. Attorney Colitz has acted as a patent attorney since 1965 and maintains the experience and knowledge IOVE requires of a patent attorney. More about Attorney Colitz can be found at

The patent, for a modification to a tool frequently used in the telecommunications industry, will most likely be submitted to the United States Patent and Trademark Office before the end of the year.

Once the patent application is filed, it will be publicly released and IOVE will begin marketing the modification, which may be well received since the modification solves a common problem in the industry.

Telecom Tools will subsequently submit a registration statement to the Securities and Exchange Commission to register the Telecom Tools common stock for distribution of IOVE's portion of ownership to IOVE shareholders. Presently IOVE is expecting this to occur in mid-January 2010 or early February 2010.


Accredited Business Consolidators Corp. is a diversified holding corporation that owns various businesses, parts thereof, or joint ventures which it will assist grow. Visit our website (under construction) at for information on our affiliated companies.

IOVE's authorized common stock is 450,000,000, of which 436,399,500 shares are issued and outstanding. A share issuance moratorium until June 30, 2010, exists that prohibits the company from issuing any additional common shares. 328,018,200 shares are in the public float, and the remaining shares are on file with the transfer agent, of which 70,546,600 are restricted.

This is not an offer to buy or sell securities. Any statements made are forward-looking statements subject to risks and uncertainties. The statements included herein are made as of the date hereof, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.

Contact Information

  • Contact:

    Investor Relations
    Accredited Business Consolidators Corp.
    Fax: 267-371-5168
    Twitter: accreditedbiz