SOURCE: The Italian Oven, Inc.

August 27, 2009 01:35 ET

The Italian Oven, Inc. Acquires Ownership Interest in Two Active Costa Rican Enterprises

DOYLESTOWN, PA--(Marketwire - August 27, 2009) - The Italian Oven, Inc. (PINKSHEETS: IOVE), soon to be named Accredited Business Consolidators Corp., acquired 25% of the capital stock of two Costa Rica enterprises.

Marilyn Boutique, officially 3-101-532180 S.A., operates a popular but unique fashion store in downtown San Jose, Costa Rica. Marilyn Boutique combines sub-culture fashions including gothic, punk, burlesque, Victorian, metal, and vintage clothes, along with popular fashions for both women and men. When the corporation chose to move from its current location to the popular San Pedro Mall, it turned to Italian Oven International for assistance. In exchange for 25% of the capital stock of 3-101-532180 S.A., the Italian Oven agreed to provide management and marketing services for three years, in addition to guaranteeing a line of credit with the company's suppliers in the United States where the majority of the clothes are imported from. The Italian Oven provided a small cash infusion to the company to assist it with remodeling the new mall location that is slated to open in September 2009. More information about Marilyn Boutique can be found at www.marilyn.cr, and pictures of the store can be found at www.theitalianoveninc.com.

Similarly, when Soluciones Faciles, S.A. of San Jose, Costa Rica, needed assistance in setting up marketing and technical facilities for its microloan and payday loan programs, it contacted Italian Oven Financial. IOVE agreed to provide management and business development services to Soluciones Faciles for three years, along with a small investment for infrastructure programs, in exchange for 25% of the company's stock. Soluciones Faciles already provides loans to consumers and it believes that Italian Oven Financial can assist it in increasing its exposure and locating internet advertising programs that will enable it to market the loans to customers.

ABOUT THE ITALIAN OVEN

The Italian Oven, Inc. is a diversified holding corporation. The Company is in the process of changing its name to Accredited Business Consolidators Corp. IOVE share structure: Common shares: 938,291,700 consisting of 500,000,000 restricted shares belonging to My Pleasure Limited, United Kingdom, public float shares of 325,161,800 (held by CEDE & Company), certificate shares: 113,129,900 (70,546,600 restricted, 42,583,300 unrestricted). No new common shares will be issued prior to January 15, 2010, per binding resolution.

Contact Information

  • Contact:

    Investor Relations
    The Italian Oven, Inc.
    ir@theitalianoveninc.com
    267-864-7737
    Fax: 267-371-5168
    Twitter: italianoven