ITEM 5.02 Departure of Directors or Principle Officers
The Company announced the departure of Joanna Chmielewska as officer and director pursuant to a directive of Abraham Blauvelt Ltd., preferred shareholder. All compensation owed to Ms. Chmielewska will be paid by Abraham Blauvelt Ltd.
ITEM 7.01 Regulation FD Disclosure
The Company issued a press release on November 5, 2013, stating that, over the last several months, Accredited Business participated in negotiations to purchase in excess of 300 acres of land in Bluefields, Nicaragua. The land is accessible from the city. Considering the recent purchase by Abraham Blauvelt Ltd., an Asian, American, and Latin American investment firm comprised of over forty individuals and entities, it appears prudent to move forward with the purchase. As such, a meeting will take place on November 6, 2013, in Managua, Nicaragua. On November 9, 2013, a delegation of representatives from Accredited Business and Abraham Blauvelt will visit Bluefields, Nicaragua, to reinspect the premises and to view the Company's other parcel. On November 13, 2013, a final binding letter of intent will be executed by the parties containing a closing date.
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