Accredited Business Consolidators Corp. Completes Land Purchase in Bluefields, Nicaragua
April 02 2013 - 3:12AM
Accredited Business Consolidators Corp. (OTCQB:ACDU) announced
today that it completed the purchase of 134 acres of land on the
Bahia de Bluefields (Bay of Bluefields).
Accredited Business Consolidators paid $9,842 per acre, for a
total purchase price of $1,325,000. The present owner financed the
property pursuant to a ten year mortgage note at 6.75% interest per
annum with no interest accruing until the third year. If the
mortgage is refinanced or paid within two years, the interest will
be waived. The purchase of the land closed on April 1, 2013.
The land is now owned directly by Accredited Business
Consolidators Corp.
The land is located on the Bay of Bluefields. The Bay of
Bluefields provides direct access to the El Bluff/Bluefields Port
and the Caribbean Ocean. Many imports to Nicaragua arrive at
El Bluff and are taken on smaller boats to the El Rama Port for
transportation by ground vehicle to Managua. Many of these boats
pass near the AccreditedBiz property as they travel to the
Escondido River.
More information about the property can be learned from the
following internet sites: bluefields.accreditedbiz.com and
www.accreditedbiz.net.
Nicaragua is a stable Republic in Central America. It has
not experienced adverse business conditions under the current
administration. On the contrary, its economy is expending with
international investment. The Company expects its prospective
plans for development of the land to comply with all regulations of
the Nicaraguan government.
The Company will not issue any additional shares in connection
with this transaction. The asset and mortgage debt will appear
on Accredited Business Consolidators Corp.'s Second Quarter 2013
10-Q report with the Securities and Exchange Commission.
Accredited Business Consolidators Corp. is a diversified holding
company focused on undervalued projects. The Company's authorized
common shares are 450,000,000. 436,399,566 common shares are
outstanding of which 70,546,600 are restricted. There are
500,000,000 preferred shares, all of which are restricted and
owned by My Pleasure Ltd., of the United Kingdom.
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: 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
Nicaragua
+1-267-864-7737
+505-8796-8888
info@accreditedbiz.com