Equity members of My Pleasure Ltd., the Company's preferred shareholder, entered into a private transaction valued at $18,300,000 with Abraham Blauvelt Ltd. to sell its 500,000,000 preferred shares.
This transaction provides Abraham Blauvelt Ltd. with controlling ownership of AccreditedBiz. Each preferred share provides a single vote similar to the common shares. Therefore, Abraham Blauvelt Ltd. will control fifty-three percent (53%) of the voting majority.
A meeting will occur next week to determine whether Abraham Blauvelt Ltd. will vote in new officers. Shareholders and interested parties are directed to pay attention to official issued press releases, information on www.accreditedbiz.net issued by management, and filings with the Securities and Exchange Commission.
Accredited Business Consolidators Corp. directed My Pleasure Ltd. and Abraham Blauvelt Ltd. to file the appropriate forms with the Securities and Exchange Commission. Principals from those organizations advised that they are applying for the proper access codes to do so.
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: November 4, 2013
ACCREDITED BUSINESS CONSOLIDATORS CORP.
By: /s/ Andy William Andy William, Vice President and Chief Operating Officer web: www.accreditedbiz.com fax: 1-267-371-5168
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