12 reasons to own IOVE:
1. “DOYLESTOWN, PA -- (Marketwire) -- 08/24/09 -- The Italian Oven, Inc. (PINKSHEETS: IOVE), a diversified holding corporation, will change its name to Accredited Business Consolidators Corp. to reflect its business model.”
Once the name changes- the stock will soar! The Italian Oven name is not reflective of its business at all, they just partnered with MyPleasure LTD who owned the shell (see below).Also note that the company is not a Nevada shell typical of scam stocks (the laws are different)!!!!!
2. “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.”
3. “The Company will reduce its authorized common shares to 450,000,000 from the present 999,999,999. The common stock share structure will then be 436,399,600 shares outstanding, of which 325,161,800 shares are held by DTCC and are in the public float while 111,237,800 will be in certificate form (40,691,200 unrestricted and 70,546,600 restricted).”
4. “IOVE, as it brings its Securities and Exchange Commission filings up to date, will continue its share issuance moratorium until January 15, 2010.”
We will have an SEC reporting company- they are already Pink Sheet reporting!
5. “There will be no dilution accompanying these changes. Other than a forward split and the issuance of the restricted control shares to My Pleasure Limited, the Company has not issued any new shares since 1996.”
6. “IOVE today updated shareholders as to its business development.
IOVE, through Italian Oven Travel & Entertainment, Inc. and the Travel Impressions division of American Express to provide flight and luxury hotel packages for customers from the United States.”
7. “IOVE subsidiary Italian Oven Technologies Inc. submitted a proposal to Acer Inc. to become a distributor of their products both domestically and internationally.”
8. “IOVE's Bankruptcy Claims Fund, Inc. prepared and submitted request for notice in the Lehman Brothers Holdings bankruptcy so that it receives the opportunity to fully participate. The Bankruptcy Claims Fund owns in excess of $8,000,000.00 of Lehman Brothers Holdings debt including guaranteed Capital Trust shares that trade as LEHKQ, LEHLQ, LHHMQ, and LEHNQ.”
What do you think these shares are worth now with the recent run-ups????
9. “Telecom Tools, Inc., 45% owned by IOVE subsidiary Italian Oven Intellectual Property Corp., continues finishing its patent application for modifications of popular tools used by telephone technicians.”
10. “The Italian Oven Inc. (PINKSHEETS: IOVE) today released statistical data about timber available through Richwood Eco Ventures Inc. (REVI). REVI, Rich Corporación and TEKNISA, in conjunction with the partnership with Deutsche Gesellschaft fur Technische Zusammenarbeit GmbH (GTZ), received approval to extract wood from 294,172 hectares. However, Richwood has not yet built roads to access the majority of the land. Approximately 100,000 hectares may be reached by Richwood to harvest wood needed for orders. A full list of woods Richwood can offer to international customers for export may be found at www.theitalianoveninc.com/richwood.html.”
11.IOVE owns 25% of Marilyn Boutique, officially 3-101-532180 S.A., which operates a popular fashion store in downtown San Jose, Costa Rica. IOVE agreed to provided a cash investment, as well as management and marketing services for three years, in addition to guaranteeing a line of credit with the company's suppliers in the United States where the majority of the clothes are imported from.
12. IOVE agreed to provide management and business development services to Soluciones Faciles, a payday loan business in San Jose, for three years, along with a small investment for infrastructure programs, in exchange for 25% of the Solucions Faciles stock. Soluciones Faciles was chosen by www.prestamos.cr, the largest online loan matching service for Costa Rican residents, as a provider of loans to its customers.
This information has been verified by Ihub posters. There are no known stock promoters involved with this venture. They are not based in Montreal, Nevada, or Dubai….like all the scams seem to come from. They appear to be a group of investors who manage a clean shell and run a transparent venture with shareholders interest in mind. They have a lot of things going on, and I expect them to grow into the pennies as the business develops and revenue grows. Certainly changing their name and becoming SEC reporting will bring them above a penny.
This stock already hit .008, for no other reason than people realized it was trading again, saw the business plan and liked it. Shares are very thin, very few people bought below .003, I would say definitely accumulate and hold…the next couple months will be very interesting!
Long on IOVE....
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