SOURCE: Accredited Business Consolidators Corp.

November 11, 2009 09:31 ET

Richwood Eco Ventures, Inc. Provides Update Relating to Orders for Wood

DOYLESTOWN, PA--(Marketwire - November 11, 2009) - Accredited Business Consolidators Corp., trading as Italian Oven, Inc. (PINKSHEETS: IOVE) today provided an update regarding its subsidiary, Richwood Eco Ventures, Inc.

IOVE announced today that Richwood formed a relationship with Groenning Hardwood of Stilling, Denmark, to supply wood to it. Presently, Richwood is preparing an initial order for a container of Swietenia Macrophylla (mahogany) wood. The wood will be exported to Denmark. Groenning is both a wholesaler and a manufacturing company specializing in hardwoods. Construction companies in Europe may contact Groenning through their website at www.ght.dk to learn more about the Company. When placing wood orders, quality Richwood woods should be requested.

Many shareholders inquired about Hurricane Ida's impact on Richwood. The Company does not believe that the hurricane caused significant damage to the wood in the area controlled by Richwood's affiliates. In addition, the storm's activities did not create a situation that should impact the previous order from Caribbean Wood Products. In fact, Richwood is actively preparing the first shipment of wood and expects it to be followed by a second shipment shortly thereafter. Contractors and builders in the United States interested in purchasing Richwood's Nicaraguan hardwoods should visit Caribbean Wood Products' website at www.caribbeanwoodproducts.com. CWP can arrange the logistics of obtaining quality Richwood hardwoods for your project.

Over 100 people lost their lives in Nicaragua as a result of Hurricane Ida. Thousands were injured or lost their homes. Serious harm to the infrastructure of the indigenous communities where Richwood maintains certain rights to harvest wood from trees damaged by Hurricane Felix occurred. IOVE requests that the public assist in relief efforts by making a check payable to the Cruz Roja Nicaraguense and mailing it to us at Accredited Business Consolidators Corp., 196 West Ashland, Doylestown, PA 18901. We will cause all the checks to be delivered directly to the Cruz Roja in Nicaragua so that all donations are earmarked towards Ida relief.

ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.

Accredited Business Consolidators Corp., f/k/a the Italian Oven, is a diversified holding corporation. 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 shares until at least April, 2010.

This is not an offer to sell securities. 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