Accredited Business Consolidators Corp. Expedites Land Acquisitions
November 05 2013 - 12:01AM
Marketwired
Accredited Business Consolidators Corp. Expedites Land Acquisitions
HONG KONG, CHINA--(Marketwired - Nov 5, 2013) - Accredited
Business Consolidators Corp., (PINKSHEETS: ACDU), today announced
that it expedited certain land acquisition discussions.
Over the last several months, Accredited Business participated
in negotiations to purchase in excess of 300 acres of land in
Bluefields, Nicaragua. The land is accessible from the
city. Considering the recent purchase by Abraham Blauvelt
Ltd., an Asian, American, and Latin American investment firm
comprised of over forty individuals and entities, it appears
prudent to move forward with the purchase. As such, a meeting
will take place on November 6, 2013, in Managua, Nicaragua. On
November 9, 2013, a delegation of representatives from Accredited
Business and Abraham Blauvelt will visit Bluefields, Nicaragua, to
reinspect the premises and to view the Company's other
parcel. On November 13, 2013, a final binding letter of intent
will be executed by the parties containing a closing date.
Also on November 5, 2013, Abraham Blauvelt Ltd. announced that
it agreed to appoint a new interim President no later than November
15, 2013. As such, the Company utilized its voting privileges
to replace Company President Joanna Chmielewska. Abraham
Blauvelt Ltd. agreed to pay Ms. Chmielewska, who never received a
salary, a termination fee of $1,350,000. The payment will be
paid by Abraham Blauvelt Ltd. The Company thanks Ms.
Chmielewska for her services which included lucrative land
projects.
Abraham Blauvelt Ltd.'s agents will also finalize financing of a
parcel of land near the Aeropuerto Internacional Augusto C.
Sandino in Managua, Nicaragua, that it is already in the
process of acquiring. The utility-enabled land will
allow the Company to build a traveler hotel with between fifth and
seventy rooms located less than half a mile from the
airport. The project will be assigned to Accredited Business,
which will become owner of the land. Construction is planned to
begin no later than January with completion of Phase I in April
2014.
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.
Contact: Investor Relations Accredited Business Consolidators
Corp. info@accreditedbiz.com Fax: 267-371-5168
www.accreditedbiz.net www.accreditedbiz.com