SOURCE: Accredited Business Consolidators Corp.

Accredited Business Consolidators Corp.

July 10, 2014 00:01 ET

Accredited Business Consolidators Corp. Provides Update on the Development of Nicaragua Holdings

MANAGUA, NICARAGUA--(Marketwired - Jul 10, 2014) - Accredited Business Consolidators Corp. (PINKSHEETS: ACDU) today provided an update on the development of its Nicaragua holdings.

On July 7, 2014, HKND's Wang Jing presented feasibility studies for Nicaragua's forthcoming Interoceanic Grand Canal. The studies recommended the route begin in Puerto Brito and terminate at Puerto Punta Aguila. While AccreditedBiz hoped that the route would terminate in Bluefields, Nicaragua, this route terminates about thirty miles south of the area. Nevertheless, with the construction of the highway to Bluefields, which the Company received information should be open by the end of 2014, along with the Carretera Nueva Guinea-Aguila, many industrial opportunities will be present for Bluefields and our bayfront property.

The Company owns over one kilometer of land on the Bay of Bluefields that is ideal for port operations. In addition, the Company owns one square kilometer of land through its nominee agents in the San Antonio area of Bluefields near the City's recycling facility. The one square kilometer of land is along Sconfran Creek, a small waterway that will be utilized for Bluefield's potable water.

Our airport hotel plans have greatly expanded, causing a delay in development. As stated, we purchased additional development lots for a total of six regular lots and three double lots. This will enable the Company to build in excess of sixty (60) rooms along with a cafe.

Because our continued monitoring of demand for a budget airport hotel appears to suggest that in excess of 150 rooms could be marketed with a 65-85% occupancy rate, we plan a second hotel, Airport Gardens, that will provide access not only to the airport, but also is just a few minutes from the El Trapichito resort and various thermal springs. The Airport Gardens land is under contract to purchase through the Company's subsidiary. The Company anticipates that the second hotel will have approximately forty-five (45) to fifty (50) suites. The total purchase of buildable land exceeds 30,000 square feet. The seller of the land is obligated to build the road to the facility which will not be included in the purchased land. The seller will provide fresh potable water to the facility.

During 2014 and 2015, the Company will look for further opportunities in Nicaragua, primarily in the tourism, travel, housing, and industrial development sectors.

The Company's authorized common shares remain at 450,000,000. 436,399,566 are outstanding, with 70,546,600 restricted. 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.

Contact Information

  • Contact:

    Accredited Business Consolidators Corp.
    c/o Accredited Suppliers Nicaragua S.A.
    De La Estatua de Montoya
    1 Cuadra al Sur
    Casa Esquinera
    Apartado PA-228
    Managua 10000