Form 8-K
January 14 2014 - 12:27PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934.
DATE OF
REPORT: January 14, 2014 (Date of earliest event
reported)
ACCREDITED BUSINESS CONSOLIDATORS CORP.
(Exact name of
registrant as specified in its
charter)
PA
0-27182
25-1624305
(State or other
jurisdiction
(Commission File IRS
Employer
of
incorporation)
Number)
Identification Number)
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
(Address of principal executive offices)
1-267-864-7737
or +505-8796-8888
(Registrant's telephone number, including area
code)
196 West Ashland
Doylestown,
PA 18901
(Former Name or Former Address, if changed since last
report)
ITEM 2.01 Completion of Acquisition of
Assets
The Company yesterday completed full payment on its purchase agreement
of six (6) lots of land in Managua consisting of four (4) single parcels and two
(2) double parcels near the international airport in the Monte Cristi
residential neighborhood. While the land now officially belongs
to Accredited Business Consolidators Corp., the Company has not yet formalized
the purchased to a deed. The land will be placed in a separate
corporation, X Corp., domiciled in the United States, but registered in
Nicaragua. The registration process in Nicaragua takes approximately one
month. ACDU will own all of the shares of X Corp. ACDU obtained an
apostille of the formation documents of X Corp. and is in the process of filing
them with Nicaragua to establish a branch office. Once this occurs, the
seller of the property will provide a deed for the lots to X Corp.
The Company acquired the land for the purpose of building the Airport Xpress
Hotel to provide medium budget accommodations to short term travelers staying
overnight near the Augusta Sandino International Airport. Presently, there
are only two upper budget hotels near the airport and many business people need
to travel between 10 and 15 kilometers to obtain budget accommodations.
The Company anticipates a price range for its rooms between $59 and $69 per
night including a free pickup from the airport.
Pursuant to the requirements of the Securities
Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
Dated: January 14, 2013
ACCREDITED BUSINESS CONSOLIDATORS
CORP.
By: /s/ Elisa Corea
Elisa Corea, Vice President - Hospitality
Development
web:
www.accreditedbiz.net
fax:
1-267-371-5168