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(IOVE) News acquisition and dividend info

They are acquiring companies and offering shareholders shares in these new companies. This is their 2nd announcement


http://ih.advfn.com/p.php?pid=nmona&article=39961552&symbol=IOVE

Accredited Business Consolidators Corp. to Divest Richwood Eco Ventures Inc. and to Issue Dividend

DOYLESTOWN, PA -- (Marketwire) -- 10/20/09 -- Accredited Business Consolidators Corp., trading as Italian Oven, Inc. (PINKSHEETS: IOVE), today issued a resolution to divest the Company's Richwood Eco Ventures Inc. subsidiary.

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.

This divesture is mutually exclusive from the planned issuance of Accredited Consolidators Europe PLC shares to IOVE common shareholders at the rate of 1 ACE PLC share for every 250 IOVE shares. (There will only be 5,000,000 shares of ACE PLC.)