SOURCE: Accredited Business Consolidators Corp.

Accredited Business Consolidators Corp.

November 04, 2013 00:01 ET

Accredited Business Consolidators Corp. Announces Change of Control

HONG KONG, CHINA--(Marketwired - Nov 4, 2013) - Accredited Business Consolidators Corp. (PINKSHEETS: ACDU) today announced that equity members of My Pleasure Ltd., the Company's preferred shareholder, entered into a private transaction valued at $18,300,000 with Abraham Blauvelt Ltd. to sell its 500,000,000 preferred shares.

This transaction provides Abraham Blauvelt Ltd. with controlling ownership of AccreditedBiz. Each preferred share provides a single vote similar to the common shares. Therefore, Abraham Blauvelt Ltd. will control fifty-three percent (53%) of the voting majority.

A meeting will occur next week to determine whether Abraham Blauvelt Ltd. will vote in new officers. Shareholders and interested parties are directed to pay attention to official issued press releases, information on www.accreditedbiz.net issued by management, and filings with the Securities and Exchange Commission.

Abraham Blauvelt Ltd. is an international private investment firm, focusing on shipping and energy platforms, with investors in Hong Kong, China, Japan, Nicaragua, Costa Rica, and the United States, formed for investment in Nicaragua while protecting inherent equity of indigenous persons. Abraham Blauvelt Ltd.'s policy is to assure that employment opportunities at physical locations in Nicaragua will first be offered to indigenous persons and involve a profit sharing program benefiting employees and investors alike.

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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