"ITEM 1.01 Entry into a Material Definitive Agreement
The Company, through its agents, entered into a material definitive agreement to purchase two double parcels of land and four single parcels of land in the Residencial Monte Christi development near the Augusto C. Sandino International Airport in Managua, Nicaragua. Under the terms of the agreement, the purchase of the land will close on January 11, 2014, with complete payment made in full. The development provided immediate availability of electrical hookup, water and sewage with infrastructure in place, security within the complex, and a street on all three corners of the complex completed in February 2014. A total of six deeds will be provided pursuant to the subdivision plan of the facility.
ITEM 7.01 Regulation FD Disclosure
The Company issued a press release on December 5, 2013, stating that Accredited Business Consolidators Corp. announced that it released the location of the Airport Xpress Suites, Managua, Nicaragua, mini-suites hotel that it is building near the Augusto C. Sandino International Airport. The public may view the location at airportxpress.accreditedbiz.com . The location of the suites will be near the prominent residential community, Monte Cristi, just off of the Carretera Norte. The facility will provide free shuttle services, will help them coordinate transfers back to the airport, and will provide taxi services to the bus stops that service the popular tourist destinations of Leon, Granada, Masaya, and Maltagalpa, Nicaragua. The facility will provide mini-suites to clients prior to taking their domestic flights to Corn Island, Bluefields, Waspan, San Carlos, and Puerto Cabezas, Nicaragua, on La Costena Airlines. The Airport Xpress Suites facility will enable AccreditedBiz to accommodate the various engineers, support personnel, and others traveling to the Bluefields area with respect to the construction and operation of the Grand Nicaraguan Canal to be built by HKND Group. The facility will provide economical suites with high speed internet and discounted VOIP telephone service to enable discount international calls."
AI
