Accredited Business Consolidators Corp., trading as Italian Oven, Inc. is a diversified holding corporation that owns various businesses, parts thereof, or joint ventures which it will assist grow. Visit our website (under construction) at www.accreditedbiz.com for information on our affiliated companies.
IOVE’s authorized common stock is 450,000,000, of which 436,399,500 shares are issued and outstanding. A share issuance moratorium until June 30, 2010, exists that prohibits the company from issuing any additional common shares. 328,018,200 shares are in the public float, and the remaining shares are on file with the transfer agent, of which 70,546,600 are restricted.
Why this is a hot stock
- The company controls 80% of Bankruptcy Claims Fund, Inc., which owns in excess of $8,000,000.00 of the face value of Lehman Brothers claims in the bankruptcy proceeding. The majority of the claims will be administered by the Bank of New York without the need for IOVE to file any formal documents. IOVE did not and does not expect to receive 100% payout on the Capital Trust notes at LEHKQ, LEHLQ, LHHMQ, and LEHNQ. However, IOVE continues to be excited about the prospect of a fair distribution for Capital Trust shareholders.
- IOVE owns 45% of Telecom Tools’ common stock. The patent, for a modification to a tool frequently used in the telecommunications industry, will most likely be submitted to the United States Patent and Trademark Office before the end of the year. Once the patent application is filed, it will be publicly released and IOVE will begin marketing the modification, which may be well received since the modification solves a common problem in the industry.
- 11/23/09 Richwood Eco Ventures, a subsidiary of Accredited Business Consolidators Corp., announced today that it received a commitment for between 310,000 and 600,000 Euros of precut lumber to be exported from Nicaragua over the next six months for home construction. It also received a small order from the same client for finish trim lumber. The client has asked that their identity remain confidential as they are reselling the wood to another customer.
- IOVE will begin the paperwork to obtain a CUSIP for the subsidiary and will subsequently issue a one for one dividend to present shareholders of IOVE. That is, for every share of IOVE, one share of Richwood Eco Ventures would be issued to the IOVE shareholder. The ex date will be set in the next three to six weeks. Richwood Eco Ventures maintains a share structure of 999,999,999 authorized shares. After the issuance of the dividend and the close of the fiscal year, the Company will take the appropriate action necessary to have the financial statements of Richwood Eco Ventures Inc. audited and to register the securities in question with the Securities and Exchange Commission. Once registered, the Company will attempt to secure a market maker for the registered securities so that a trading symbol may be obtained from FINRA.
- The Italian Oven, Inc. a diversified holding corporation, will change its name to Accredited Business Consolidators Corp. to reflect its business model. Prior to the name change, the Company will retire 1,892,100 unrestricted common shares that are held in its treasury. In addition, My Pleasure Limited, the Company’s control group, will retire their 500,000,000 common shares and turn them into non-convertible preferred stock. The preferred stock will have voting rights in the Company, but they can never be turned into common shares or sold on the open market. The Company will reduce its authorized common shares to 450,000,000 from the present 999,999,999.
Contact:
Investor Relations
Accredited Business Consolidators Corp.
ir@accreditedbiz.com
267-864-7737
Fax: 267-371-5168
Twitter: accreditedbiz


