LevelStock.com: Accredited Business Consolidators Corp. Provides General Business Update

Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided a general business update.

The Company continues to restructure its Richwood Eco Ventures Inc. subsidiary. Acting President Gertzen Perez finished his term and assisted the Company make various contacts with third parties for potential joint ventures. Andy William will assume the role of Acting President until the Company can name a permanent successor. The Company is focusing on finding a partner that will be able to make use of the equipment we own. Several prospective business arrangements are being discussed with multiple parties that have existing wood processing or timber export businesses.

Accredited Suppliers Corp. continues to operate its business at a profit; however, the operation remains small with only one vehicle on the road and a total of four agents. ASC is relying on moving forward with its registration statement so that it can raise additional capital and replicate its present operation on a larger scale. ASC streamlined its accounting procedures so that documents are provided in a timely manner to our bookkeepers. Presently, our Nicaraguan accountant is working on the financial reports from inception for this subsidiary.

The Company expects the documents for Accredited RAC, the rental agency subsidiary, to be accepted this week by the Pennsylvania Secretary of State. The Company retained Attorney Harold Montiel from Managua, Nicaragua, to form the Nicaraguan entity.

The Company understands that Costa Rican retail shop, Marilyn Boutique, will expand to Spain with its second retail shop before the end of the year. The Company agreed to assist the Costa Rican company which it owns 25% of. The Company believes that expansion in Europe, where there is an additional premium on unique culture-based clothing, will create substantial growth.

The Company received a report from the executives of Soluciones Faciles, S.A., the Costa Rican enterprise that we own 25% of. The report indicates that during the experimental stage of the Company, it was able to receive a return of over 30% per annum on its loans - even factoring in defaults and costs. As a result, Soluciones Faciles S.A. must seriously consider whether it will create a vehicle to raise capital from direct investors to fund additional loans and expand to several offices or whether it should continue to grow using house capital.

The Company hopes to provide additional information on other projects as soon as practicable. Shareholders are advised to watch the official 8-K filings with the Securities and Exchange Commission to see when documents are actually filed with state agencies.

ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.

ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.

This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.

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