Email from Accredited Business Consolidators Corp.
It is important for anyone that reads the following questions and answers from the company that the questions were asked for the following reasons:
1 - For information to see where IOVE might be headed business-wise - Looks like they are definately on the right track!
2 - Were they going to give out info they shouldn't have - no they didn't break any rules or laws that I could tell. Makes more confident to be here. Siome of these responses were SO interesting!(in a good way)!!
I sent them an email this afternoon at 4:30pm PST and got a response in my inbox at 6:52.
The is a copy/paste of what was asked and what was received.
1) Does the CEO/President of the company, Joanna Chmielewska, have a resume or other information that I could review to learn about her backround? I am very interested to learn about her backround.
Joanna Chmielewska is a native of Poland. She presently resides in the United Kingdom and works with the investor group, My Pleasure Ltd., which owns the majority control of our company. She is in her 30s. She has past experience managing businesses including a large farming ranch and an automobile network. She also acted as marketing director for a
successful shoe store chain in Europe.
2) With so many holdings under the company umbrella, is it possible to receive a synopsis of what the company thinks is going to be there most profitable revenue stream?
As you may know, we are presently in the organizational stages with our enterprises. We are not providing guidance as to which business we believe will be most successful. There are a number of factors including the development of the assets and legal considerations. An example is our Telecom Tools subsidiary. We hope to file the initial patent applications
shortly and begin marketing the tool. However, if the patent was
ultimately denied, it would be a material situation that would prevent the company's long term success. For 2010, which will be when we see the first signs of revenues such as monthly funds from the sale of wood which we announced today, we hope to be on time with our reporting which will provide revenue guidance on a quarterly basis.
3) I understand that the company had no revenue until very recently. That being the case, I was wondering if you could tell me what the company estimates it's revenue will be for 2010?
We cannot fairly estimate revenue for 2010 at this time. An example would be our Richwood venture, it's ready and able to export large quantities of wood. However, to say that it's revenue "could be" $XXXX would be patently unfair to the shareholder as it's contingent on finding a customer that has the ability to pay for the wood. We will be aggressively locating customers for the wood. As we announced today, we
received a commitment for orders from wood on a monthly basis that conservatively should bring revenues of $1,500,000 to the company. We will announce major developments such as that as they occur.
4) Is Accredited Business Consolidators Corp. presently in the process of gaining a controlling interest of any other companies? If so, how many?
We are presently negotiating interest in several companies. In addition, we are in the process of developing certain subsidiaries. Our business model is to locate companies that have the potential for development and to assist them stand on their own as operating companies. This may involve providing them , purchasing stock, or even helping them
go public. Because of Regulation FD, we cannot comment on what businesses we're presently negotiating with, and we do not release the information until we're fairly confident that the development will move forward.
5) With all the holdings and companies under the Corporate umbrella, what does Accredited Business Consolidators Corp consider it's worth to be?
There is no way to fairly put a price tag on the corporation's worth as it is impossible to gauge what future developments will be and what the goodwill will be worth. When we release accountings, they will be absolutely conservative. For instance, if we buy a property for $5,000 and fix it up, the accountings still list the property at $5,000 even
though its market value is more. Only when its sold would it be
increased.
6) Has Accredited Business Consolidators Corp been approached recently in regards to any other company buying or obtain any interest, controlling or otherwise, in Accredited Business Consolidators Corp. or any of the companies underneath the Corporation's umbrella?
We are presently not negotiating any takeovers of our enterprises. However, as we reported in an SEC 8-K filing, a third party approached Rich Corporacion, one of the four Nicaragua corporations affiliated with our subsidiary, Richwood Eco Ventures. The third party expressed an interest in the company, but made no offer. We subsequently learned that
information was being disclosed about Rich Corporacion that may contain exaggerated valuations on the lumber and may have been used to hype stock in the third party company. To date, no offer, informal or formal, has been made for Rich Corporacion. Our position is that a bona fide cash offer for all or part of Rich Corporacion would benefit everyone involved provided it properly valued the network. However, as stated in our
release, we presently see no indication of a bona fide offer. If that should change, we would immediately issue a release explaining the situation and how it would affect our rights and responsibilities.
GLTA - Hope this helps the board and is considered to be a goodc ontribution. Just trying to do my part to help.
