ACDU ACDU ACDU check the latest 8-K. This was from the 14th january. 30 days are gone....news expecting:ITEM 2.01 Completion of Acquisition of Assets
The Company yesterday completed full payment on its purchase agreement of six (6) lots of land in Managua consisting of four (4) single parcels and two (2) double parcels near the international airport in the Monte Cristi residential neighborhood. While the land now officially belongs to Accredited Business Consolidators Corp., the Company has not yet formalized the purchased to a deed. The land will be placed in a separate corporation, X Corp., domiciled in the United States, but registered in Nicaragua. The registration process in Nicaragua takes approximately one month. ACDU will own all of the shares of X Corp. ACDU obtained an apostille of the formation documents of X Corp. and is in the process of filing them with Nicaragua to establish a branch office. Once this occurs, the seller of the property will provide a deed for the lots to X Corp.
The Company acquired the land for the purpose of building the Airport Xpress Hotel to provide medium budget accommodations to short term travelers staying overnight near the Augusta Sandino International Airport. Presently, there are only two upper budget hotels near the airport and many business people need to travel between 10 and 15 kilometers to obtain budget accommodations. The Company anticipates a price range for its rooms between $59 and $69 per night including a free pickup from the airport.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 14, 2013
ACCREDITED BUSINESS CONSOLIDATORS CORP.
By: /s/ Elisa Corea
Elisa Corea, Vice President -- Hospitality Development
web: www.accreditedbiz.net
fax: 1-267-371-5168
For get my English I'm Hollands
