On March 11, 2011, the Company entered into a Licensing Agreement ("Licensing Agreement") with Eco Global Corp. a Nevada Corporation ("Licensor") pursuant to which the Company was granted an, exclusive license for certain territories for intellectual property developed by Licensor, principally comprising of a unique intellectual property INCABLOCK? for the production of Concrete Interlocking Modular Blocks System, which can be safely and efficiently assembled without any mortar (the "Technology"). The license includes the use of US patent No. 7,305,803 with an expiration date of May 16, 2025 and Trademarks under serial No. 77/439,024. The Company, with the IncaBlock technology, intends to license the ability to design, manufacture and market customized concrete block products, interlocking concrete blocks, roofing structures, light concrete aggregate panels and a "kit system" of a pre-fabricated houses or structures on a standard format or custom made basis according to customer blue prints.(see Item 1.01, above).
Accelerated Acquisitions, XI, Inc. is an emerging growth company that has licensed technology to entry into a unique business business of designing, manufacturing and marketing customized concrete block products, interlocking
Dr. Daniel D. Correa is now Chief Executive Officer W/ Accelerated Acquisitions XI, Inc.