- Current report filing (8-K)
October 09 2009 - 6:01AM
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: OCTOBER 8, 2009 (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)
196 WEST ASHLAND STREET, DOYLESTOWN, PA
18901
(Address of principal executive offices)
267-864-7737
(Registrant's telephone number, including area
code)
NOT APPLICABLE
(Former Name or Former Address, if changed since
last report)
ITEM 3.03 Material Modification of Rights of Securities Holders
ITEM 8.01 Other Events
On October 8, 2009, the Pennsylvania Secretary of State accepted the
Company's amended articles of incorporation. These articles changed the
Company's name from the Italian Oven Inc. to Accredited Business Consolidators
Corp. In addition, the amended articles of incorporated reduced the number
of authorized common stock to 450,000,000.
Additionally, the Company previously announced a share issuance moratorium
for six months from the date of the name change. Therefore, the date of
the expiration of the share issuance moratorium will be April 8,
2010. Specifically, no common shares of stock of the Italian
Oven Inc. shall be issued for any purpose while the moratorium is in
effect. This means that no dilution of our company's stock will
occur. The Company has not issued any free trading common shares of stock
since 1996.
The next step in the transition is to obtain a new CUSIP number for the
common shares and to apply with the Financial Industry Regulatory Authority
(FINRA) for a new ticker symbol. Until a new symbol is issued, our shares
will continue to trade as the Italian Oven under the ticker symbol IOVE on the
over the counter market.
IOVE's common stock, subject to the share issuance moratorium
above, is structured as follows:
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.
SIGNATURE
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: October 8, 2009
ACCREDITED
BUSINESS CONSOLIDATORS CORP.
By: /s/ Joanna Chmielewska
Joanna
Chmielewska, President
Twitter: italianoven
fax:
1-267-371-5168