SOURCE: Accredited Business Consolidators Corp.

October 22, 2009 00:20 ET

Accredited Business Consolidators Corp. Submits Application to FINRA for New Symbol

DOYLESTOWN, PA--(Marketwire - October 22, 2009) - Accredited Business Consolidators Corp., trading as Italian Oven, Inc. (PINKSHEETS: IOVE), submitted an application to the Financial Industry Regulatory Authority (FINRA) for a new symbol to reflect its new name. The time period necessary for FINRA to issue a new symbol depends on their schedule and the number of other applications that are pending.

In response to shareholder inquiries, the Company advises that it continues to work on the necessary documents regarding the share dividends of Richwood Eco Ventures, Inc. and Accredited Consolidators Europe PLC. The dividend documentation is expected to be submitted to FINRA within ten business days after the change of name. The shares will not have restrictions on them and will be free trading; however, they will not be able to be traded on the open market until a regulatory filing is submitted to the appropriate agencies and a market maker, or in the case of ACE PLC, a NomAd (Nominated Adviser), agrees to sponsor the Company.

The Company clarifies that shareholders maintaining their shares with a broker do not need to take any action. The broker will process both the name change and the share issuances. In the case of investors with certificates, it is not necessary to turn in your shares. This can be done in the future when you deposit or transfer your shares. As to the dividends, shareholders with certificates should pay careful attention to future press releases and regulatory filings for instructions.

ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.

Accredited Business Consolidators Corp., f/k/a the Italian Oven, is a diversified holding corporation trading on the Pink Sheets under IOVE. The total number of common shares outstanding is 436,399,500. 328,018,200 shares are in the public float, 70,546,600 shares are restricted in certificate form, and 37,834,700 shares are unrestricted but in certificate form. There will be no increase in common shares until at least April, 2010.

This is not an offer to sell securities and the Company is not issuing common stock for any purpose. Statements made are forward-looking subject to risks and uncertainties. Statements included are made on the date hereof. The company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Results could differ materially from anticipated results. Pay careful attention to all announcements and filings.

Contact Information

  • Contact:

    Investor Relations
    Accredited Business Consolidators Corp.
    ir@accreditedbiz.com
    267-864-7737
    Fax: 267-371-5168
    Twitter: accreditedbiz