SOURCE: Accredited Business Consolidators Corp.

October 13, 2009 00:01 ET

Caribbean Wood Products, Inc. Commits to Purchasing Wood From Richwood Eco Ventures, Inc.

DOYLESTOWN, PA--(Marketwire - October 13, 2009) - Accredited Business Consolidators Corp., f/k/a the Italian Oven Inc. (PINKSHEETS: IOVE) is pleased to announce that Caribbean Wood Products, Inc., of Naples, Florida, committed to purchase between six and ten containers of wood per month from Richwood Eco Ventures, Inc., beginning in January 2010. Depending on additional needs by Caribbean Wood Products and logistical considerations, orders may exceed the commitment. The relationship with Caribbean Wood Products will bring in estimated revenues to Richwood Eco Ventures in excess of $1,500,000.00 per year.

Richwood Eco Ventures, Inc. obtains wood through Rich Corporacion in Nicaragua, a company in which it has an equity stake. The majority of the wood is obtained from forest areas damaged by Hurricane Felix and is provided from the Fallen Tree Zone in the North Atlantic Autonomous Region (R.A.A.N.) of Nicaragua, and complies with the Lacey Act by meeting all requirements and standards.

Caribbean Wood Products is a major distributor of quality wood. They offer hundreds of different varieties of woods. Their website, www.caribbeanwoodproducts.com, demonstrates the vast array of wood products they offer. Caribbean maintains a strong network of vendors and material dealers that will provide many future opportunities to Richwood Eco Ventures, Inc., for additional sales possibilities brokered through them.

Accredited Business Consolidators Corp. owns 80% of Richwood Eco Ventures, Inc.

ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.

Accredited Business Consolidators Corp., f/k/a the Italian Oven, trades on the Pink Sheets as IOVE. It is a diversified holding corporation which will assist its affiliates grow with the intention of releasing the majority to the Company's shareholders upon sufficient development. Visit our website (under construction) at www.accreditedbiz.com for information on our affiliated companies. The total number of common shares outstanding is 436,399,500. 328,018,200 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 37,834,700 shares are unrestricted but in certificate form. There will be no increases 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 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:

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