Accredited Business Consolidators Corp (fka ACDU)

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Read bold.. From 8k last week..

Envirocare Corp. terminated its negotiations with Green World Crete Inc. relating to a potential joint venture in Nicaragua to build a plant to produce enviromentally friendly building materials. The Company determined that it could not move forward with the venture due to the criminal history of Green World Crete's affiliates and the lack of an established product. Specifically, the Company's background investigation of Green World Crete revealed that Daniel Panitz was convicted of fraud while living in New York. In addition, federal agencies have barred Mr. Panitz from acting as a service provider in certain areas. Because of this, the Company's funding sources determined that it would be prudent to locate a different source of non or reduced Portland based cement. The Company is in final negotiations with several suppliers for a joint venture and intends to provide a release relating to its scope and direction within 14 days.