UNITED STATES SECURITIES AND EXCHANGE
COMMISSION Washington, D.C. 20549   FORM10K  x
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

**For the fiscal year ended December 31,
2009.** Commission filenumber 0-27182  ACCREDITED BUSINESS
CONSOLIDATORS CORP. (Exact name of registrant as
specified in its charter)  PENNSYLVANIA
25-1624305(State or other jurisdiction
of incorporation or organization)
(IRS Employer Identification
No.) 196 WEST ASHLAND
STREETDOYLESTOWN, PA  18901(Address of principal executive offices, including zip
code) (267) 864-7737(Registrants
telephone number, including area code)   Securities registered pursuant to Section 12(b) of the
Act:   
None Securities registered pursuant to Section 12(g) of the
Act:   ClassCommon stock, $.0001 par
value Indicate by checkmark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities Act:  ( 
) Yes(X) No. Indicate by checkmark if the registrant is not required
to file reports pursuant to Section 13 or Section 15(d) of the Act: 
(  ) Yes  (X) No. Indicate by check mark whether the registrant (1) has
filed all reports required to be filed by Section 13 or 15(d) or the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90
days.    Yes   
o    No   x Indicate by check mark whether the registrant has
submitted electronically and posted on its corporate Website, if any, every
Interactive Data File required to be submitted and posted pursuant to Rule 405
of Regulation S-T (s. 232.405 of this chapter) during the preceding 12 months
(or for such shorter period that the registrant was required to submit and post
such files).  (X) Yes   ( ) No. Indicate by check mark if the disclosure of delinquent
filers pursuant to Item 405 of Regulation S-K (s. 229.405 of this chapter) is
not contained herein, and will not be contained, to the best of registrant's
knowledge, indefinite proxy or information statements incorporated by reference
in Part III of this Form 10-L or any amendment to this Form
10-K.    (  ). Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.  See the definitions of "large accelerated filer,"
"accelerated filer," and "smaller reporting company," in Rule 12b-2 of the
Exchange Act.  (  ) Large accelerated filer; ( ) Accelerated
filer; (  ) Non-accelerated filer (do not check if a smaller reporting
company); (X) Smaller reporting company. Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Act).  (X) Yes( ) No. State the aggregate market value of the voting and
non-voting common equity held by non-affiliates computed by reference to the
price at which the common equity was last sold, or the average bid and
asked price of such common equity, as of the last business day of the
registrant's most recently completed second quarter:  As of June 30,
2009, considering the price of the common stock being .002, the
aggregate market value of the common equity was $872,799 with 436,399,600
common shares outstanding. APPLICABLE ONLY TO REGISTRANTS INVOLVED
IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:  Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section 12, 13, or 15(d) of the Securities Act of
1934 subsequent to the distribution of securities under a plan confirmed by a
court.  ( ) Yes( )
No.   As of December 31, 2009, there were 436,399,600
shares outstanding of the registrants Common Stock, $.0001 par value. 
Additionally, there were 500,000,000 preferred shares issued and
outstanding. As of the date of this filing, there
were 436,399,566 common shares outstanding of the registrant's Common
Stock, $.0001 par value. Additionally, there are 500,000,000 preferred
shares issued and outstanding.   The preferred shares are not
registered.  TABLE OF
CONTENTS  PREFACE  FORWARD LOOKING STATEMENTS AND RISK
FACTORS
3PART
I
4ITEM 1.
Description
of Business
4ITEM 1A.
Risk
Factors
3,  
5ITEM 2
Properties
6ITEM 3
Legal
Proceedings
6ITEM 4
Submission
of Matters to a Vote of Securities Holders
6PART II.

6ITEM 5.
Market
for Registrant's Common Equity, Related Stockholder Matters, and Issuer
Purchases
6ITEM
6.      Selected Financial Data
7ITEM 7.
Management's
Discussion and Analysis of Financial Condition and Results of
Operations
7ITEM 8.
Financial
Statements and Supplementary Data
7ITEM 9.
Changes in and Disagreements with Accountants or
Accounting and Financial Disclosure
7ITEM 9AT
Controls
and Procedures
7ITEM 9B.
Other Information
7PART III.

8ITEM
10.
Directors,
Executive Officers, and Corporate Governance
8ITEM
11.    Executive Compensation
8 2  FORWARD LOOKING STATEMENTS AND RISK FACTORS Certain statements contained in this Form 10-K filed
by Accredited Business Consolidators Corp. ("Accredited" or "Company")
constitute "statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). These statements,
identified by words such as "will," "may," "expect," "believe," "anticipate,"
"intend," "could," "should," "expect," "estimate," "plan" and similar
expressions, relate to or involve the current views of management with respect
to future expectations, objectives and events and are subject to substantial
risks, uncertainties and other factors beyond management's control that may
cause actual results to be materially different from any such forward-looking
statements. Such risks and uncertainties include those set forth in this
document and others made by or on behalf of the Company in the future, including
but not limited to, the Company's limited operating history, its need for
additional capital or financing, its ability or inability to produce and market
products and services, its ability to make a profit in the future, its
dependence on a limited number of customers and key personnel, its dependence on
certain industries, its ability to locate and consummate business opportunities
that would appear to be in the best interests of the shareholders, its ability
to implement strategies to develop its business in emerging markets, competition
from other or similar companies or businesses, and, general economic conditions.
Any forward-looking statements in this document and any subsequent Company
document must be evaluated in light of these and other important risk factors.
The Company does not intend to update any forward-looking information to reflect
actual results or changes in the factors affecting such forward-looking
information. **WARNING:**Accredited Business Consolidators
Corp. and its affiliated enterprises have minimal assets and are in
their start-up stages.  The previously filed registration statement
relating to the Italian Oven restaurants should not be relied upon as the
company has divested itself of all assets during its 1997 bankruptcy proceeding
and has been dormant until 2009.  Only experienced investors who understand
the risks of purchasing the common stock of a start-up company
with little assets should participate in any trading of our common
stock. 3  PARTI **ITEM 1-- DESCRIPTION OF
BUSINESS** Accredited Business Consolidators Corp. (the Company
or Accredited) was organized in 1990 under the name Fornello U.S.A., Inc. Accredited eventually changed its name to
The Italian Oven, Inc., to reflect its operation of various Italian
restaurants.  However, in October, 1996, Accredited did not have the funds
to sustain itself, and it filed for protection under Chapter 11 of the United
States Bankruptcy Code. Accredited submitted a plan to the bankruptcy court
which divested it of all assets, including intellectual property.  The plan
provided no payment to shareholders; however it did not cancel or extinguish the
common shares of Accredited.  The United States Bankruptcy Court for the
Western District of Pennsylvania approved the bankruptcy plan and on July 17,
1998, Accredited emerged from bankruptcy. From the time Accredited emerged
from bankruptcy until December 31, 2008, the company conducted no
business.  It had no operations and no assets.  Rather, it simply
remained dormant while management sought an opportunity for its
shareholders.  The Company has not had any substantive business operations
from its emergence from bankruptcy until this year.  The Company was
considered a "shell company" as it had no or nominal operations. In 2008, the
Company found an investor, My Pleasure Ltd., of the United Kingdom, to pay
down all debt owed to business consultants and to lead the Company in a new
direction. When management attempted to locate business
opportunities for the company, it incurred debts payable to business
reconstruction consultants. My Pleasure, Ltd., a corporation domiciled in the
United Kingdom, agreed to provide ACDU with a cash infusion of $150,000.00 to
pay off all of the company's debts in exchange for a controlling interest in the
Company. On October 17, 2008, My Pleasure Ltd. did indeed provide the cash to
the Company which was used to pay off the prior debt and legal expenses. After
the payments occurred, ACDU was completely free of debts and expenses. My
Pleasure Ltd. received 5,000,000 restricted pre-split common shares which
provided it with a majority control over the Company. After the stock split,
these 5,000,000 common shares became 500,000,000 common shares.  In 2009,
My Pleasure Ltd. elected to convert these shares to preferred shares that are
not trading.  During 2009, it did consummate the conversion.  The
preferred shares are equivalent in voting rights to a common share except that
the preferred shares, in totality, will always have at least 51% of the voting
power of the Company.My Pleasure Ltd. is a foreign entity that is not
owned by any United States persons. Because of this, the Company believes that
the transaction was exempt from securities regulations governing United States
investors. Nevertheless, legal counsel for the Company filed a REGDEX on
November 3, 2008, related to the transaction since My Pleasure was also an
accredited investor. The REGDEX does not allow, and will not allow, the Company
to sell the unregistered free trading securities to other accredited investors.
In fact, My Pleasure Ltd. ultimately converted its controlling interest through
common shares to a controlling interest through preferred shares. Also in October 2008, My Pleasure Ltd., as majority
shareholder, elected Joanna Chmielewska as the Company's
primary officer. Concurrently, the Company appointed Action Stock Transfer as
its stock transfer agent. Action Stock Transfer is located at 7069 South
Highland Drive, Suite 300, Salt Lake City, UT 84121. Action is registered with
the Securities and Exchange Commission as a stock transfer agent. The Company established a virtual office at 196 West
Ashland Street in Doylestown, Pennsylvania 18901 so that it could receive legal
documents and mail. The office is not a staffed office but is merely a center to
receive business communications. The Company deemed it unnecessary to have a
fully staffed office because most of its business opportunities would be located
out of the United States and would be in diverse regions. During 2009, the Company primarily operated as a holding
company loaning money to enterprises it helped form and which it will
eventually own a stake in. **Change in Control and Change in Management** As explained above, in October 2008, there was a
significant and material change in control and management when the Company
issued 5,000,000 restricted common shares to My Pleasure Ltd. of the United
Kingdom. The issuance of these shares effectively gave majority control to My
Pleasure Ltd. My Pleasure Ltd. effectively controls the Company and, by vote of
its shares, controls the directors and officers of the Company. Also in October
2008, Joanna Chmielewska was appointed the Company's
control officer and director. Ms. Chmielewska is
effectively controlled by the voting shares of My Pleasure Ltd. No person owns
more than 10% of My Pleasure Ltd. However, My Pleasure Ltd. is a private company
and most of its records have not been made available to the public. Investing in
ACDU does not constitute an investment in My Pleasure Ltd. On the contrary, My
Pleasure Ltd. is an investor in ACDU and may be an investor in other companies
not affiliated with ACDU.  As of December 31, 2009, My Pleasure Ltd.
remained the majority owner of the Company with 53% of its controlling
interest.  My Pleasure Ltd. is also the largest creditor of the Company
having provided it substantial loans. **Plan of Operation and Statement of Operations** Subsequent to the purchase of control by My Pleasure
Ltd., the Company changed its scope of operations. The Company's business model
turned into that of a holding company engaged in locating business
opportunities. ACDU would either create the business themselves, form
partnerships or joint ventures with third parties, or make direct investments
into other corporations. Most of the business opportunities would involve
distressed entities or new entities. As a result, ACDU would be required to help
assist the companies locate loans or equity finance to enhance the potential for
success of the ventures. These companies and ventures may also need to file
registration statements with the Securities and Exchange Commission so that they
may seek investment money from the public. With this business plan in mind, ACDU
created certain related companies as discussed below.  While ACDU
will own part, and in some cases most or all, of the entities below, the Company
has not directed the stock transfer agent of these entities to issue shares to
it.  Once the shares are activated, formal documentation will be
filed. 1. Italian Oven International, Inc. ("IOII"). IOII was
formed in January 2009 through a filing with the Pennsylvania Secretary of State
to hold investments into small businesses located outside of the United
States. 2. Accredited Business Development Corp. ("ABDC"). ABDC
was formed in March 2010 as a Pennsylvania corporation. ABDC will purchase
minority stakes in international companies that are deemed worthy and which may
be positioned for growth. The Company is in the process of finalizing the
necessary documents to raise capital as a Business Development Corp. under
section 55 of the Investment Company Act of 1940. It is expected that ACDU will
maintain control of ABDC even after the capital raise. Presently, however, ABDC
is not conducting business and its success will be dependent on formulating its
filings and locating investment-worthy international enterprises. 3. Accredited Consolidators Europe PLC ("ACE"). ACE was
formed in the United Kingdom in November 2009 as a public limited company. ACE
will be a holding corporation similar to ABDC, discussed above. However, it will
focus primarily on projects in Eastern Europe. While it will operate similar to
a BDC, the Company may or may not choose not to register with the Securities and
Exchange Commission and, instead, might only accept foreign investment capital.
ACE hopes to eventually list with the Alternative Investment Market division of
the London Stock Exchange in the United Kingdom. If the listing requirements
turn out to be too expensive, the Company may file an offering statement with
the Securities and Exchange Commission. However, this will be done as a last
resort as the preference is for trading on an international exchange without
trading in the United States. The Company cautions investors that ACE is
presently not participating in any business activities and is in the development
stage. 4. Accredited Hospitality Group Inc. ("AHG"). AHG is a
Pennsylvania corporation formed in November 2009. AHG was formed to develop
investments in the hospitality industry. Presently, AHG's
sole contract is to provide management services with Hiland
Terrace Corp., a small hotel in North Huntingdon, Pennsylvania. The contract
does not presently provide revenue to AHG due to Hiland
Terrace's financial position. It is expected, as explained below, that Hiland Terrace may go public during 2011 and seek capital and
expansion opportunities to develop its property. 5. Italian Oven Intellectual Property Inc. ("IOIP").
IOIP is a Pennsylvania corporation formed in January 2009. The purpose of IOIP
will be to manage ACDU's intellectual property and
trademarks, whether official or common law. IOIP will act separately from the
parent company and will receive income through licensing and commissions. IOIP
is not expected to be divested from the parent company and it will most likely
never file a registration statement to raise capital. 6. Italian Oven Travel & Entertainment Corp.
("IOTE"). IOTE is a Pennsylvania corporation formed in January 2009. The purpose
of IOTE is to offer travel and entertainment related websites. IOTE presently
has numerous contracts in place to sell travel offerings such as cruises,
hotels, car rentals, and tour packages throughout the world. While agreements to
offer travel services are in place, IOTE will need raise
capital to obtain the money to prepare the websites and booking engines
necessary to be successful. Therefore, IOTE's goal
for mid-2011 is to file the necessary documents with the Securities and
Exchange Commssion to legally perform a capital raise. 7. Italian Oven Technologies Inc. ("IOTI"). IOTI is a
Pennsylvania corporation formed in Febnruary 2009 to engage
in the business of distributing electronic devices to Central America.
Initially, the Company teamed up with ACER Computers as an authorized partner
and prepared to import computers into Costa Rica, Nicaragua, and Honduras.
However, the Company determined that the pricing for purchasing systems in bulk
from ACER could not compete with large retailers such as Circuit City and
Amazon.com. While these outlets are not in Central America, residents of those
countries import electronics on their own using services with mail forwarding
from Miami. Recently, IOTI changed its focus to dual-SIM cellular phones. IOTI
began negotiating agreements with several wireless telephone manufacturers in
China and Hong Kong that manufacturer the devices. IOTI is in the product
testing stage to assure that only quality products are purchased. If the phones
being tested pass the tests, the Company will begin importing these telephones
into Central America. The dual-SIM phones are extremely popular in Central
America because most clients use a prepaid SIM. The prepaid plans provide low
cost calling, but only to other phones on the same network. Therefore, residents
of Central America usually carry two cellular phones, each being on a separate
provider. Having a dual SIM phone alleviates the need for two phones. IOTI will
require capital to successfully move forward with the project. Therefore, its
primary goal for mid-2011 is to prepare the necessary documents for filing
with the Securities and Exchange Commission to raise capital. 8. Italian Oven Financial Inc. ("IOF"). IOF is a
Pennsylvania corporation formed in January 2009. IOF's
purpose and plan is to offer financial services as a white label affiliate for
unique products that can be provided with fair pricing. Presently, IOF is
exploring a potential partnership to provide a binary options trading platform
to the public. However, if an agreement is consummated with a partner, IOF will
be in need of capital and will have to file appropriate filings with the
Securities and Exchange Commission to raise capital. 9. Richwood Eco Ventures, Inc. ("REVI"). REVI is a
Pennsylvania corporation formed in 2009. REVI operated a venture whereby it had
Richwood Corporacion in Nicaragua process wood for it which
was then sold to enterprises in Europe and the United States. REVI filled two
orders for wood from a company in Andorra and caused the timber to be delivered;
however, it has since been impaired from operating because of several factors.
The first material event was that its consulting director fell ill and was
unable to continue in his capacity. This left REVI with no experienced officer
in the field. Concurrently, creditors of Rich Forest Management took over the
Richwood factory as they claimed to hold a mortgage thereon. While REVI, through
its affiliates, owned approximately $100,000 in equipment assets, those assets
were inside the factory. REVI's affiliates are presently
going through both criminal and civil legal channels to reacquire possession of
its wood processing equipment. Once REVI obtains the equipment, it will either
partner with another wood processing plant or it will open its own plant. In
either case, REVI will need capital and will file an appropriate registration
statement with the Securities and Exchange Commssion so
that it can raise money. 10. Telecom Tools Inc. ("TTI"). TTI is a Pennsylvania
corporation formed in July 2009. TTI filed a patent for a modification to a
popular telecommunications punch-down tool. Punch-down tools are routinely used
when installing wiring for communications systems and in telephone rooms. The
#66 punch-down blade frequently causes accidental shorting when installers brush
the tool against adjacent connections. This causes digital stations to crash,
lockup, or trip circuit protection, resulting in dropped calls and upset
clients. Worse, such accidental contact sometimes causes permanent damage to
equipment. TTI's patent provides a coating to the tool that
will minimize the chances of shorting. The modificiation
will only cost manufacturers a small amount of money per tool to add the
protection to it. TTI will collect royalties on its patent-pending process. TTI
intends to file a registration statement with the Securities and Exchange
Commission during the first quarter of 2011. The registration statement will
allow TTI to seek investment capital for the marketing of its tool modification.
It is believed that ACDU will own between 25% and 49% of TTI when shares are
formally issued. 11. Industrial Supply Company LLC ("ISC"). ISC is a
Florida limited liability company formed in April 2008.
ACDU presently owns 25% of ISC. ISC operates as a construction consulting and
lobbying organization. It does not intend to file a registration statement or
seek capital from investors. It will work closely with ACDU to develop its
consulting enterprises and may help construction companies obtain financing or
obtain modifications to local, state, and federal laws through its lobbying
programs. 12. Envirocare Corp. ("ECC"). ECC was formed in 2009 by
ACDU as an entity that would sell products such as environmentally friendly
cement. The formation of ECC occurred before the Calichi
Sino alliance was created. ACDU will not move forward with using ECC as a
vehicle to sell this type of product because it will focus primarily on the CSI
alliance. Since determining that it could not continue with the proposed joint
venture with Blue World Crete (formerly known as Green World Crete) because it
determined that officers of B/GWC had convictions in a Medicare fraud scheme.
Because of the abandonment of the project, ECC remained dormant. However, ECC
will continue to search for ventures that will not compete with CSI and that are
environmentally friendly. If it locates an opportunity, it would need to file a
registration statement with the Securities and Exchange Commission to gain the
capital it needs. 13. Accredited Suppliers Corp. ("ASC"). ASC was formed
in November 2009 as an entity that would import auto parts and other supplies to
Central America. ASC has been in operation for nearly one year and is achieving
a fair profit; however, the initial investment into ASC was low so the profits
were similarly not substantial. Therefore, ASC needs to replicate its business
model with additional capital. ASC requires additional capital to implement its
business model and buy additional vehicles and hire staff to deliver parts to
enterprises in rural areas in Nicaragua, Honduras, and Guatamela. Parts carry a premium in remote areas because most
business owners have to travel to the city to buy items for sale in their
stores. Having a delivery service to the areas makes Accredited a primary supplier for the rural business. ASC intends
to file a registration statement as soon as practicable in order to achieve the
ability to raise capital. 14.3-101-532180, S.A., of Costa
Rica. 3-101-532180 S.A. operates a mall-based clothing store in Costa Rica.
ACDU owns 25% of 3-101-532180 S.A.  The Company is expanding to Spain, most
likely Madrid or Barcelona, in 2011. However, the Spain store will be a separate
entity. It is expected that ACDU will own 25% of the Spanish entity that
will be formed for this operation or will participate in a joint venture
agreement whereby it controls a 25% interest therein. 15. 
Hiland Terrace Corp.  The Company owns less than 10% of the
Hiland Terrace Corp., a corporation that owns a small motel and
office center in Pennsylvania.  4 
 **ITEM 1A.****Risk
Factors.** Smaller reporting companies are not required to provide
risk factor disclosure on their form 10-K filings.  Nevertheless,
Accredited Business Consolidators Corp. believes that investors and potential
investors should view our company as an extremely high risk and speculative
investment.  We have outlined certain risk factors below but they may not
be complete and additional risk factors may exist: 1.  Our Business Is Difficult To Evaluate
Because We Have No Ongoing Operations and Minimal Assets. As the Company
currently has no ongoing operations other than to find business
ventures and with only minimal assets, there is a risk that we will be
unable to continue as a going concern and consummate a business combination. We
have no significant assets or financial resources. We will, in all likelihood,
sustain operating expenses without corresponding revenues, at least until the
consummation of a business combination. This may result in our incurring a net
operating loss that will increase continuously until we can consummate a
business combination with a profitable business opportunity. We cannot assure
you that we can identify a suitable business opportunity and consummate a
business combination. 2. We Will Continue To Incur Claims, Liabilities And
Expenses. We will continue to incur claims, liabilities and expenses, which
will reduce the realizable value of our remaining assets and the amount
potentially available for distribution to stockholders. Claims, liabilities and
expenses from operations (such as salaries, directors' and officers' insurance,
payroll and taxes, legal, accounting and consulting fees and miscellaneous
office expenses) will continue to be incurred. These expenses will have to be
satisfied from our remaining assets and, therefore, will reduce the net
realizable value of those assets.    3.  Our
Business Will Have No Revenues Unless And Until We Merge With Or Acquire An
Operating Business. As of the date hereof, the Company, as defined in Rule
12b-2 under the Exchange Act, is a shell company, defined as a company with no
or nominal assets (other than cash) and no or nominal operations. We currently
have no revenues from operations. We may not realize any revenues unless and
until we successfully merge with or acquire an operating
business. 4.   Because Of The Deficiencies In Our Past
Compliance With Disclosure Rules And The Requirements Of Securities Laws, We
Face Risks Of Liability Under The Securities Laws.  We have not filed
our annual reports for several years.  Therefore, we could be named in an
administrative, civil or criminal proceeding by the SEC or another government
entity, and we could be named in a civil proceeding brought by a stockholder or
other private entity. There is no guarantee we would emerge from such a
proceeding with the ability to continue as a going concern. The deficiencies in
our compliance which we believe could have material consequences for us include
the following: 5.  Our Financial Statements Include A Going
Concern Opinion From Our Independent Auditors. The
Company received a going concern opinion on its financial statements for fiscal
year 2009. Our auditors have stated that due to our lack of assets and
operations, there is "substantial doubt" about our ability to continue as a
going concern. The going concern opinion from our auditors may limit our ability
to access certain types of financing, or may prevent us from obtaining
financing. 6.   Future Success Is Highly Dependent On
The Ability Of Management To Locate And Attract A Suitable Acquisition. The
nature of our operations is highly speculative and there is a consequent risk of
loss of your investment. The success of ouroperation
will depend to a great extent on the operations, financial condition and
management of the identified business opportunity. While management intends to
seek business combination(s) with entities having established operating
histories, we cannot assure you that we will be successful in locating
candidates meeting that criterion. In the event we complete a business
combination, the success of our operations may be dependent upon management of
the successor firm or venture partner firm, and numerous other factors beyond
our control. 7.    The Company Has No Existing
Agreement For A Business Combination Or Other Transaction. We have no
agreement with respect to engaging in a merger or joint venture with, or
acquisition of, a private or public entity. No assurances can be given that we
will successfully identify and evaluate suitable business opportunities or that
we will conclude a business combination. We cannot guarantee we will be able to
negotiate a business combination on favorable terms. 8.   Future Sales By Existing Security
Holders Could Depress the Market Price of Our Common Stock.  If our
existing stockholders sell a large number of shares of our common stock, the
market price could decline significantly.  Further, even the perception in
the public market that our existing stockholders might sell shares of common
stock could depress the market price of the common stock. 9.  There Are Risks Associated With Our
Stock Trading On The Pink Sheets Rather Than A National
Exchange.  There are significant consequences associated with our
stock trading on the Pink Sheets Over the County market rather than a national
exchange including limited release of the market prices of our securities,
limited news coverage, limited interest by investors in our securities,
volatility of our stock price due to low trading volume, limited ability to
issue additional securities or to secure additional financing, manipulation
by traders, and purchase and sale decisions by market
makers. 10.  There is No Assurance That An Active Public Trading Market Will Develop:  There has
been an extremely limited public trading market for the Company's common
stock.  There can be no assurances that a public trading market for
the common stock will develop or that a public trading market, if
developed, will be sustained.  If for any reason a public trading market
does not develop, purchasers of the shares of common stock may have
difficulty in selling their securities should they desire to do so. 12.  "Penny Stock" Regulations May Impose
Certain Conditions On The Marketability Of Our
Securities.  The Securities and Exchange Commission has adopted
regulations which generally define "penny stock" to be an equity security
that has a market price of less than $5.00 a share, subject to certain
exceptions.  Our common stock is presently, and most probably will always
be, subject to these regulations which impose additional sales practice
requirements on broker-dealers who sell such securities to persons other
than established customers and accredited investors (generally those with assets
in excess of $1,000,000 or annual income exceeding $200,000, or $300,000
including their spouse).  For transactions covered by these rules, the
broker-dealer must make a special suitability determination for tghe purchase of such securities and have received the
purchaser's written consent to the transaction prior to the purchase. 
Additionally, for any transaction involving a "penny stock," unless exempt, the
rules require the delivery, prior to the transaction, of a risk disclosure
document mandated by the Commission relating to the "penny stock" market. 
The broker-dealer must disclose the commission payable to both the broker-dealer
and the registered representative, current quotations for the securities and, if
the broker-dealer is the sole market maker, the broker-dealer must disclose this
fact and the broker-dealer's presumed control over
the market. 5 
 **ITEM 2.****PROPERTIES** During the 2009 fiscal year, the Company neither
owned nor rented any properties. **ITEM 3.****LEGAL PROCEEDINGS** During the 2009 fiscal year, there were no known
material legal proceedings involving the Company.The Company,
through its affiliates, is participating in litigation to
achieve access to property and industrial equipment belonging to
Richwood Eco Ventures Inc. The property consists of wood processing equipment,
electric power generators, and vehicles. While the Richwood Eco Ventures matter
is not material to the Company to the extent it will affect our business model
of assisting other companies, it is material to our subsidiary, Richwood Eco
Ventures, Inc. Prevailing on the legal actions would greatly assist
in the success of Richwood Eco Ventures. However, there is no certainty in legal
proceedings and the matter is ongoing. **ITEM 4.****SUBMISSION OF MATTERS TO A VOTE OF SECURITIES
HOLDERS** During the 2009 fiscal year, there were no matters
submitted to a vote of securities holders, through the solicitation of proxies,
or otherwise. **PART II** **ITEM 5Market for
Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.** Shares of Accredited Business Consolidators
Corp. common stock are traded in the United States on the Over the Counter
Market.  The principal United States market for our common stock is
not an exchange.  As such, the rules of the Securities and Exchange
Commission require us to state the range of high and low bid information for the
equity for each full quarter within the most recent fiscal years and any
subsequent interim period for which financial statements are included, or are
required to be included by Article 3 of Regulation S-X, as regularly quoted in
the automated quotation system or a registered securities association, or where
the equity is not quoted in such a system, the range of reported high and low
bid quotations, and to indicate the source of the quotations.  We are
required to advise that such over-the-counter market quotations reflect
inter-dealer prices, without retail markup, mark-down, or commission and may not
necessarily represent actual transactions.  However, because of
the passage of time, the best information available to the
Company consist of trading information. Therefore, we
are providing the pricing for each day.  The source of our information is
the website pinksheets.com that lists the entire history of the stock's trading
prices.  At the end of the year, the stock traded using the symbol
ACDU.  Prior to trading as ACDU, the stock traded as IOVE. The instructions provided by the Securities and Exchange
Commission direct issuers to provide the data retroactively to any split of the
stock.  In 2009, a 100 for 1 forward split occurred.  This
split occurred during the 2009 fiscal year.  However, the prices below
take into account the split. Therefore, for dates prior to the split, the prices
are divided by 100 and the volume is multiplied by 100. date
Open
High
Low
Close
Volume1/2/2009
0.0006
0.0006
0.0006
0.0006
350001/5/2009
0.0006
0.0006
0.0006
0.0006
01/6/2009
0.0006
0.0006
0.0006
0.0006
01/7/2009
0.0006
0.0006
0.0006
0.0006
01/8/2009
0.0006
0.0006
0.0006
0.0006
01/9/2009
0.0006
0.0006
0.0006
0.0006
01/12/2009
0.0008
0.0008
0.0006
0.0006
63762001/13/2009
0.0007
0.0011
0.0007
0.0011
19644001/14/2009
0.0011
0.0018
0.0011
0.0018
10817001/15/2009
0.0019
0.0019
0.0017
0.0017
11000001/16/2009
0.0015
0.0015
0.0001
0.0007
134500001/20/2009
0.0005
0.0009
0.0005
0.0009
4694001/21/2009
0.0009
0.0009
0.0009
0.0009
01/22/2009
0.0008
0.0008
0.0006
0.0006
14000001/23/2009
0.0006
0.0006
0.0006
0.0006
01/26/2009
0.0004
0.0008
0.0004
0.0007
27200001/27/2009
0.0005
0.0008
0.0005
0.0008
7800001/28/2009
0.0008
0.0008
0.0008
0.0008
2000001/29/2009
0.0008
0.0008
0.0008
0.0008
01/30/2009
0.0008
0.0008
0.0008
0.0008
02/2/2009
0.0006
0.0006
0.0002
0.0002
20500002/3/2009
0.0002
0.0002
0.0002
0.0002
02/4/2009
0.0002
0.0002
0.0002
0.0002
02/5/2009
0.0002
0.0002
0.0002
0.0002
02/6/2009
0.0003
0.0003
0.0003
0.0003
2245002/9/2009
0.0004
0.0004
0.0004
0.0004
46600002/10/2009
0.0004
0.0004
0.0004
0.0004
02/11/2009
0.0004
0.0004
0.0004
0.0004
200002/12/2009
0.0004
0.0004
0.0004
0.0004
65000002/13/2009
0.0004
0.0004
0.0004
0.0004
200000002/17/2009
0.0003
0.0003
0.0003
0.0003
21300002/18/2009
0.0003
0.0003
0.0003
0.0003
02/19/2009
0.0003
0.0003
0.0003
0.0003
02/20/2009
0.0003
0.0003
0.0003
0.0003
02/23/2009
0.0003
0.0003
0.0002
0.0002
9833002/24/2009
0.0002
0.0002
0.0002
0.0002
02/25/2009
0.0002
0.0002
0.0002
0.0002
02/26/2009
0.0002
0.0002
0.0002
0.0002
5000002/27/2009
0.0002
0.0002
0.0002
0.0002
65000003/2/2009
0.0001
0.0002
0.0001
0.0002
167000003/3/2009
0.0002
0.0002
0.0002
0.0002
100003/4/2009
0.0003
0.0051
0.0002
0.0051
110100003/5/2009
0.0051
0.0051
0.0051
0.0051
03/6/2009
0.0029
0.0029
0.0002
0.0022
1740003/9/2009
0.0003
0.0021
0.0003
0.0021
12100003/10/2009
0.0016
0.0016
0.0016
0.0016
500003/11/2009
0.0016
0.0016
0.0016
0.0016
03/12/2009
0.0016
0.0016
0.0016
0.0016
1400003/13/2009
0.0021
0.0021
0.0021
0.0021
3222003/16/2009
0.005
0.005
0.005
0.005
200003/17/2009
0.005
0.005
0.005
0.005
03/18/2009
0.0003
0.0035
0.0003
0.0035
5750003/19/2009
0.0051
0.0052
0.0051
0.0051
38500003/20/2009
0.0051
0.0051
0.0051
0.0051
03/23/2009
0.0051
0.0051
0.0051
0.0051
03/24/2009
0.0051
0.0051
0.0051
0.0051
03/25/2009
0.0002
0.0002
0.0002
0.0002
200003/26/2009
0.0021
0.0021
0.0021
0.0021
200003/27/2009
0.0005
0.0005
0.0002
0.0005
267950003/30/2009
0.0009
0.0009
0.0008
0.0008
9200003/31/2009
0.0006
0.0006
0.0005
0.0005
14000004/1/2009
0.0005
0.0005
0.0005
0.0005
04/2/2009
0.0005
0.0005
0.0005
0.0005
04/3/2009
0.0006
0.0006
0.0005
0.0006
7500004/6/2009
0.0005
0.0005
0.0005
0.0005
18500004/7/2009
0.0005
0.0005
0.0005
0.0005
1250004/8/2009
0.0005
0.0008
0.0005
0.0008
30050004/9/2009
0.0008
0.0008
0.0008
0.0008
04/13/2009
0.0008
0.0008
0.0008
0.0008
04/14/2009
0.0008
0.0008
0.0008
0.0008
04/15/2009
0.0008
0.0008
0.0008
0.0008
04/16/2009
0.0008
0.0008
0.0008
0.0008
04/17/2009
0.0008
0.0008
0.0004
0.0004
900004/20/2009
0.0004
0.0004
0.0004
0.0004
100004/21/2009
0.0004
0.0004
0.0004
0.0004
9000004/22/2009
0.0004
0.0004
0.0004
0.0004
9000004/23/2009
0.0004
0.0004
0.0004
0.0004
04/24/2009
0.0006
0.0006
0.0005
0.0005
31000004/27/2009
0.0005
0.0005
0.0005
0.0005
04/28/2009
0.0004
0.0008
0.0004
0.0008
1375004/29/2009
0.0008
0.0008
0.0008
0.0008
04/30/2009
0.0004
0.0004
0.0004
0.0004
40000005/1/2009
0.0004
0.0004
0.0004
0.0004
05/4/2009
0.0004
0.0004
0.0004
0.0004
500005/5/2009
0.0006
0.001
0.0006
0.001
14700005/6/2009
0.001
0.001
0.001
0.001
05/7/2009
0.0009
0.0009
0.0004
0.0004
26613005/8/2009
0.0004
0.0004
0.0004
0.0004
05/11/2009
0.0009
0.001
0.0009
0.001
10800005/12/2009
0.0009
0.001
0.0009
0.001
8200005/13/2009
0.0006
0.0013
0.0006
0.001
11100005/14/2009
0.0013
0.0013
0.0012
0.0013
6760005/15/2009
0.0013
0.0015
0.0012
0.0015
59400005/18/2009
0.0015
0.0018
0.0012
0.0017
25500005/19/2009
0.0017
0.0017
0.0017
0.0017
10000005/20/2009
0.0024
0.0024
0.0024
0.0024
1000005/21/2009
0.0019
0.0024
0.0013
0.0014
40800005/26/2009
0.0045
0.0045
0.003
0.003
282505/27/2009
0.003
0.003
0.003
0.003
865005/28/2009
0.0033
0.0049
0.0033
0.0042
75628005/29/2009
0.0045
0.0045
0.0038
0.0042
27770106/1/2009
0.0042
0.0043
0.0041
0.0043
14200006/2/2009
0.0043
0.0043
0.004
0.0043
2488006/3/2009
0.003
0.003
0.0026
0.0026
3970006/4/2009
0.002
0.0021
0.0015
0.0015
11440006/5/2009
0.0015
0.002
0.0015
0.0015
2550006/8/2009
0.0022
0.0028
0.0022
0.0027
25350006/9/2009
0.0027
0.003
0.0025
0.0025
30887406/10/2009
0.0026
0.0026
0.0012
0.0012
5788006/11/2009
0.0012
0.0024
0.0012
0.0019
5101006/12/2009
0.0028
0.003
0.0024
0.0029
18859006/15/2009
0.0015
0.0025
0.0012
0.0025
240006/16/2009
0.0025
0.0029
0.0025
0.0029
1570006/17/2009
0.003
0.003
0.0029
0.003
10115456/18/2009
0.003
0.003
0.003
0.003
06/19/2009
0.0029
0.003
0.0029
0.003
2000006/22/2009
0.002
0.002
0.002
0.002
2000006/23/2009
0.002
0.002
0.002
0.002
50006/24/2009
0.0025
0.0025
0.0023
0.0024
4100006/25/2009
0.0024
0.0024
0.0023
0.0023
700006/26/2009
0.0024
0.0024
0.0024
0.0024
5000006/29/2009
0.002
0.002
0.002
0.002
9800006/30/2009
0.002
0.002
0.002
0.002
07/1/2009
0.0025
0.0025
0.0015
0.0015
1200007/2/2009
0.0015
0.0025
0.0012
0.0025
850007/6/2009
0.0015
0.0015
0.0009
0.001
45460007/7/2009
0.001
0.0015
0.001
0.0015
7000007/8/2009
0.0012
0.0012
0.0012
0.0012
20000007/9/2009
0.0014
0.002
0.0014
0.0016
38170007/10/2009
0.0015
0.002
0.0014
0.002
11621117/13/2009
0.002
0.002
0.002
0.002
07/14/2009
0.0016
0.0018
0.0016
0.0018
12900007/15/2009
0.0016
0.0018
0.0014
0.0018
2050007/16/2009
0.0014
0.0018
0.0014
0.0018
250007/17/2009
0.0018
0.0018
0.0018
0.0018
07/20/2009
0.0016
0.0016
0.0016
0.0016
17770907/21/2009
0.0016
0.0016
0.0016
0.0016
07/22/2009
0.0018
0.0018
0.0015
0.0015
2460007/23/2009
0.0015
0.0019
0.0014
0.0014
5412507/24/2009
0.0015
0.0015
0.0015
0.0015
500007/27/2009
0.0017
0.0017
0.0017
0.0017
5000007/28/2009
0.0017
0.0017
0.0017
0.0017
07/29/2009
0.0017
0.0017
0.0017
0.0017
100007/30/2009
0.0017
0.0017
0.001
0.001
77350007/31/2009
0.0016
0.0016
0.0012
0.0012
5900008/3/2009
0.0013
0.0013
0.0012
0.0012
2750008/4/2009
0.0012
0.0013
0.0008
0.0013
49090008/5/2009
0.0008
0.001
0.0005
0.001
26830008/6/2009
0.0009
0.0013
0.0009
0.0012
13466898/7/2009
0.0013
0.0014
0.0013
0.0014
27250008/10/2009
0.0015
0.0015
0.0012
0.0014
17450008/11/2009
0.0013
0.0015
0.0013
0.0013
57690238/12/2009
0.0013
0.0013
0.0013
0.0013
2200008/13/2009
0.0013
0.0013
0.0013
0.0013
630008/14/2009
0.0015
0.0029
0.0015
0.0029
185585808/17/2009
0.0031
0.0071
0.003
0.007
586442008/18/2009
0.0071
0.0071
0.003
0.0045
150439838/19/2009
0.0037
0.0037
0.002
0.0023
71901438/20/2009
0.002
0.0039
0.002
0.0028
91263328/21/2009
0.0032
0.0037
0.0028
0.0032
78478008/24/2009
0.004
0.0046
0.003
0.003
115326198/25/2009
0.0031
0.004
0.0031
0.0033
80005698/26/2009
0.0036
0.0039
0.003
0.0034
46264858/27/2009
0.0039
0.0039
0.0026
0.0027
65210438/28/2009
0.003
0.0035
0.0027
0.003
8286888/31/2009
0.003
0.003
0.0025
0.003
20279999/1/2009
0.0027
0.0034
0.0022
0.0032
32060009/2/2009
0.0024
0.003
0.002
0.0029
22565009/3/2009
0.0028
0.0034
0.0028
0.0032
5200009/4/2009
0.0024
0.003
0.0019
0.0021
23922729/8/2009
0.0029
0.0029
0.0028
0.0028
11500009/9/2009
0.0028
0.0032
0.0028
0.0028
19428409/10/2009
0.0031
0.0031
0.0025
0.0025
37452739/11/2009
0.0025
0.0026
0.0023
0.0023
4087509/14/2009
0.0029
0.003
0.0028
0.003
20937169/15/2009
0.0021
0.0034
0.0021
0.0021
45618169/16/2009
0.0023
0.003
0.0023
0.003
2675009/17/2009
0.0025
0.0027
0.002
0.0027
14260009/18/2009
0.0027
0.0029
0.0027
0.0029
3350009/21/2009
0.0027
0.0032
0.0027
0.0029
34666099/22/2009
0.0031
0.0032
0.003
0.003
23168729/23/2009
0.0031
0.0046
0.0031
0.0038
212723169/24/2009
0.0039
0.0045
0.0031
0.004
117325669/25/2009
0.004
0.006
0.0037
0.004
376264689/28/2009
0.004
0.0046
0.003
0.0035
48215849/29/2009
0.0035
0.004
0.0028
0.0038
51691519/30/2009
0.0038
0.0045
0.0035
0.004
116420410/1/2009
0.0036
0.0039
0.003
0.0039
94205110/2/2009
0.004
0.004
0.003
0.0039
54500010/5/2009
0.0043
0.0054
0.004
0.004
982192110/6/2009
0.004
0.004
0.003
0.0035
377750010/7/2009
0.0033
0.0036
0.003
0.0035
388750010/8/2009
0.0034
0.0039
0.003
0.0038
363309810/9/2009
0.0038
0.0099
0.0038
0.0092
9611318410/12/2009
0.0089
0.0091
0.0065
0.007
1981808010/13/2009
0.008
0.0081
0.0062
0.0071
2434795610/14/2009
0.0072
0.01
0.0072
0.01
1994248410/15/2009
0.0117
0.017
0.0113
0.0143
3269310010/16/2009
0.01
0.014
0.0095
0.01
3104213010/19/2009
0.01
0.0119
0.009
0.0097
2661679210/20/2009
0.01
0.0141
0.01
0.0129
3909744810/21/2009
0.0133
0.019
0.0112
0.0159
4410582410/22/2009
0.0159
0.0186
0.0142
0.0142
3853396810/23/2009
0.014
0.0164
0.0129
0.0161
2903851010/26/2009
0.017
0.02
0.016
0.02
3886675610/27/2009
0.021
0.021
0.018
0.0185
1778745610/28/2009
0.0185
0.0221
0.0165
0.0195
3111600210/29/2009
0.019
0.0214
0.0165
0.0214
1224313910/30/2009
0.02
0.02
0.0177
0.0183
1969923411/2/2009
0.0182
0.0183
0.0121
0.0166
1995421611/3/2009
0.0144
0.0163
0.0123
0.0141
1131032811/4/2009
0.0131
0.0166
0.0131
0.0151
1363774411/5/2009
0.0155
0.017
0.0152
0.0163
1017277211/6/2009
0.0163
0.0164
0.0145
0.015
620106311/9/2009
0.015
0.016
0.0133
0.0137
706451211/10/2009
0.0135
0.015
0.0135
0.0138
995610111/11/2009
0.0138
0.015
0.013
0.0133
323276811/12/2009
0.0137
0.0154
0.0134
0.0144
626462511/13/2009
0.0144
0.0145
0.0128
0.0142
216674011/16/2009
0.014
0.014
0.0125
0.0125
340280011/17/2009
0.013
0.013
0.01
0.012
710659411/18/2009
0.0129
0.0129
0.01
0.01
551790311/19/2009
0.01
0.0127
0.0097
0.0114
1225273811/20/2009
0.013
0.013
0.01
0.012
426342211/23/2009
0.011
0.0125
0.011
0.0116
170597011/24/2009
0.0115
0.0117
0.01
0.0116
421594511/25/2009
0.01
0.0116
0.01
0.011
197238011/27/2009
0.0116
0.0116
0.0095
0.0111
275839711/30/2009
0.012
0.012
0.0087
0.0087
1164010612/1/2009
0.009
0.009
0.0076
0.0083
847970212/2/2009
0.0084
0.01
0.0084
0.009
1179942112/3/2009
0.009
0.01
0.0083
0.0094
96225612/4/2009
0.0094
0.012
0.0075
0.0089
649794012/7/2009
0.0089
0.01
0.0083
0.0095
423077012/8/2009
0.0095
0.0096
0.0089
0.009
82814912/9/2009
0.009
0.0094
0.009
0.0092
100832712/10/2009
0.0095
0.0096
0.009
0.0092
112966012/11/2009
0.0089
0.0092
0.0089
0.009
128030012/14/2009
0.009
0.01
0.008
0.01
81242012/15/2009
0.0099
0.01
0.009
0.0093
420974912/16/2009
0.0093
0.0093
0.0087
0.0088
213934412/17/2009
0.0087
0.0088
0.0075
0.0075
201762612/18/2009
0.007
0.0093
0.0065
0.0078
469190212/21/2009
0.0083
0.009
0.006
0.0079
174768612/22/2009
0.0075
0.008
0.007
0.008
240939112/23/2009
0.0075
0.0076
0.007
0.0076
133051512/24/2009
0.0076
0.0083
0.007
0.0083
52040012/28/2009
0.0078
0.0079
0.0065
0.0072
292678612/29/2009
0.0065
0.0077
0.0065
0.007
184854012/30/2009
0.007
0.0072
0.006
0.007
1867836812/31/2009
0.007
0.009
0.0066
0.0075
4940045 During the times material to this annual report, the
Company had approximately 852 shareholders with share certificates.  An
additional number of shareholders maintained shares through the nominee name of
Cede & Company, which is the name for shares held by the Depository
Trust and Clearing Corporation.  The Company believes that
approximately 600 persons held shares under the nominee name at any
given time during fiscal year 2008.  As such, the Company estimates
that it had between 1400 and 1500 shareholders during the material times. 
The number of shareholders changes as people buy and sell
the stock on the open market. The Company does not issue any cash dividends at the
present time and it does not anticipate the payment of cash dividends in the
future.  There are not and were not equity compensation plans
in place during the fiscal year 2009. There are no securities to be issued upon the exercise
of outstanding options, warrants and rights. 6 
 **ITEM
6.****SELECTED FINANCIAL
DATA** As a smaller reporting company,
we are not required to provide the information required by Item 301 of
Regulation S-K. **ITEM 7.****MANAGEMENT'S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.**During fiscal year 2009, the Company's
primary operation involved loaning money to its close affiliates that its
controlling shareholder loaned the Company.  The intention of the
loans are to provide start-up capital to enable the enterprises to develop a
business plan and seek funding through the filing a registration
statement.  The Company was past due with its annual reports during
the material times and this could result in the Securities and Exchange
Commission choosing to take action to deregister the Company or otherwise
penalize the Company.  Unless the Company can locate business opportunities
that can be funded, it most likely cannot continue as a going concern. 
This means that investors could lose all of their money that they invested into
the stock.  The Company had no operations, and this presents a dangerous
situation to investors. **ITEM 8.****FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA** See the attached Exhibits and Annexes consisting of
the financial statements and notes thereto. **ITEM 9.****CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE** During the time period of this annual report, our
Company was dormant.  We did not perform the necessary audits in a timely
manner.  Our prior auditor, Arthur Andersen LLP, no longer operates and has
not operated for several years.  We have attempted to obtain records
from Arthur Andersen's successor, but have not been
successful. Specifically, they ignored written and electronic demands.
 Because of this, and since some of our future
business activity would occur in Nicaragua, in early 2010, we retained Berman W.
Martinez y Asociados, of Managua, Nicaragua.  BWMA is
registered with the Public Company Accounting Oversight Board. There have been no disagreements with BWMA as to the
financial statements and notes thereto contained herein. **ITEM 9A(T).  CONTROLS AND
PROCEDURES** During the time period of this report, the Company
primarily engaged in loaning money to its associated
enterprises.  The Company believes it engaged in adequate
internal controls during 2009 by retaining bank records, copies of loan
documents, and copies of public records that verify its transactions. 
Present management believes that the internal controls in effect during 2009
were effective. This annual report does not include an attestation
report of the company's registered public accounting firm regarding internal
control over financial reporting. During the fiscal year that is the subject of
this report, management's report was not subject to attestation by the company's
registered public accounting firm pursuant to temporary rules of the Securities
and Exchange Commission that permit the company to provide only management's
report in this annual report. There were no changes to internal control over financial
reporting during this fiscal year. **ITEM 9B.****OTHER INFORMATION** During 2009, the
Company did file certain reports with the Securities and Exchange
Commission that informed shareholders of the current activities of the
Company. Below is a summary of the reports that were filed: On January 14, 2009, we issued a form 8-K advising
shareholders that we received loans in the amount of $1,600.00 from My Pleasure
Ltd. with a term of 10% interest.  We note that these loans actually took
place in 2008.On January 27, 2009, we filed a form 8-K advising
shareholder that we issued a resolution authorizing a 100 for 1 share
modification that would provide all shareholders with 100 shares total for every
single share they held.  We did indeed complete the forward split during
2009.On March 26, 2009, the Company filed a form 8-K informing
shareholders that FINRA requested additional documents from us to complete the
forward split.  It also informed shareholders that the forward split would
not result in additional shares or dilution other than the 100 for 1
forward. On April 23, 2009, we
filed our past due quarterly reports for 1Q, 2Q, and 3Q for the years 2000
through 2007.  These reports showed our shareholders that the Company was
dormant during the material times and had no assets or business activity. On May 7, 2009, we
lodged a form 8-K notifying shareholders that FINRA approved our stock split and
that shares would be issued automatically to the shareholders with brokerage
accounts.  We provided shareholders with the following instructions as to
how to redeem their old certificates if they had physical stock
certificates.  Specifically, shareholders that have their shares in
certificate form may turn in the old certificate and a request for a new
certificate to the transfer agent.  There is no time limit to do so and old
shares do not expire.  You may do so by sending the old certificate, a
letter requesting a new certificate, and a check for $20.00 made payable
to:  Action Stock Transfer, Inc.  7069 South Highland Drive, Suite
300, Salt Lake City, UT  84121.  On May 14, 2009, we issued a
form 8-K advising our shareholders that we issued a resolution consisting of a
share issuance moratorium.  The moratorium prevents the Company from
issuing additional common stock until November 13, 2009.  Subsequent to the
8-K, we extended the moratorium repeatedly and no additional shares were issued
during 2009.On May 15, 2009, we published a form 8-K announcing that our
symbol would change on May 22, 2009, and the 100 for 1 split would be effective
that day. On May 26, 2009, we
announced via a form 8-K that the split was effective and that our new trading
symbol would be IOVE. On June 9, 2009,
we stated via form 8-K that our affiliated company Bankruptcy
Claims Fund, Inc., entered into several agreements to purchase Lehman
Brothers unsecured notes.  We note, however, that subsequent to the
8-K, we cancelled the agreements because the share price fell to a
level where it would be more economic to purchase them on the open market. 
We purchased the Lehman Brothers shares using brokerage accounts owned
by the Company. Also on June 9, 2009,
we advised through a form 8-K that we formed several subsidiaries including
Italian Oven Financial, Inc., Italian Oven Intellectual Property Corp., Italian
Oven International, Inc., Italian Oven Technologies, Inc., and Italian Oven
Travel & Entertainment Corp.  We note that the use of the term
subsidiary was premature as these enterprises have not yet issued their stock to
us through the transfer agent.  The proper term would have been
affiliate.  Nevertheless, this language error was not material as we
effectively control these enterprises via management and being their sole
material creditors.  We anticipate that we will receive stock in the
entities once the shares are issued via the transfer agent. On July 9, 2009, we
informed the public per our 8-K form that the Pennsylvania Secretary of State
accepted for filing the formation of our affiliated companies including
Bankruptcy Claims Fund, Inc. and Telecom Tools, Inc.  On July 22,
2009, we issued an 8-K explaining that we formed affiliate Richwood Eco
Ventures, Inc. and that over 80% of REVI's common stock will
be owned by Italian Oven International, Inc.  We note that the
stock, when issued, will be held directly by the Company rather than by a
subsidiary.      The form also stated
that Italian Oven Travel & Entertainment Corp. chose CCRA
International, Inc. (operators of ccratravel.com) as a primary supplier of hotel
reservations.  CCRA approved IOTE's use of their reservations
system. CCRA will provide the company's agents to review the lowest booking
prices for all major hotel chains, to receive a commission on booking
reservations, and will process the credit card payments by IOTE's
customers.  This agreement remains in force today, but we note that it has
produced only minimal commissions for the Company so far.  This is because
we do not yet have the funds to develop our website.  We expect to be able
to raise funds by filing a registration statement for IOTE. On July 27, 2009, the
Company announced via Form 8-K the formation of Envirocare Corp., an affiliate
of the Company. On July 28, 2009, the
Company filed its 10-Q quarterly reports for the first, second, and third
quarter of 2008.  On August 7, 2009, the Company announced that its
affiliated company Italian Oven Travel & Entertainment Corp. entered
into a material definitive agreement with Travel Impressions, Ltd., a subsidiary
of American Express, to provide travel related offerings on the internet domain
reservations.cr operated by Domain Management, an
affiliate of ACDU.  Under the terms of the agreement, users of
the website will be able to reserve and book flights and hotel rooms using their
credit card.  While  reservations.cr is currently operational, it is in beta
testing and is being modified.  Travel Impressions will modify their engine
to display the Italian Oven Travel & Entertainment Corp. name and contact
information on the top of the booking engine, most likely within three
weeks.  Under the terms of the agreement, Travel Impressions will provide
booking commissions to IOTE for travel booked from the Travel Impressions
reservation system on reservations.cr.  The Company notes
that this agreement is still in place, but that it has not resulted in revenue
primarily because Italian Oven Travel & Entertainment needs funds to move
forward with development of its travel portals.  The Company expects to
file a registration statement for IOTE during 2011.On August 11, 2009,
the Company filed an 8-K announcing that affiliated enterprise Italian Oven
Technologies, Inc., received approval from Acer Group to become an Acer Channel
Partner enabling the Company to distribute Acer Products.  Acer's
PC-centric product offering includes mobile and desktop PCs, servers and
storage, LCD monitors and high-definition TVs, projectors, and
handheld/navigational devices. Sub-brands include the consumer-focused Aspire
series, and commercial sector TravelMate, Veriton, and
Altos series.  Italian Oven Technologies, Inc., through Italian Oven
International, Inc., plans to distribute Acer Products in Central and South
America.  This agreement remains in place, but it has not produced revenue
because Italian Oven Technologies needs funds to further its business
activities.  It is expected that the Company will file a registration
statement during 2011 to seek additional funding. On August 14, 2009,
and as amended on August 17, 2009, the Company made an announcement that its
affiliates entered an agreement to purchase some capital stock in Rich
Corporacion S.A., and to become its agent for the sale of
its rare timbers.  While the affiliate did purchase the stock, we note
that illness, and rumored passing, of the chief operating officer of Rich
Corporacion caused that entity to be defunct.  We continue to
investigate the present status of Rich Corporacion.  In the
interim, our Richwood Eco Ventures subsidiary is exploring forming its own wood
processing plant in Nicaragua.  While Richwood Eco Ventures, through
affiliates, owns certain equipment needed to begin a wood processing plant, it
is in litigation to gain access to that equipment. On August 18, 2009,
we issued an 8-K advising shareholders and the public that we do not engage in
stock promotion.  We noted that certain stock promoters were piggybacking
our press releases and issuing news about us in an attempt to pump the stock of
third party companies that we are not related to.  This policy continues to
remain in force and we remind shareholders to seek information about the Company
from its filings and its website at accreditedbiz.com. On August 20, 2009,
we issued an 8-K announcing that our affiliates acquired a 25% interest
in Soluciones Faciles, S.A., a Costa Rican corporation that engages in
payday loans.  However, we note that the investment was ultimately
made by ACDU itself and the shares were issued to us and not our affiliate. On August 24, 2009,
we issued a warning via form 8-K which involved our affiliated company,
Richwood Eco Ventures, Inc.  We explained that Richwood was created to
assist Nicaraguan Rich Corporacion market its wood internationally
and to hold the Company's investments into the Nicaraguan firm and its related
entities.  We learned that Xynergy Holdings, Inc., which
trades on the over the counter market as XYNH, met with Rich
Corporacion officers at a coffee shop.  During that
meeting, XYNH's officer, J. Carlos Ley, made a
non-descript suggestion of an investment into Rich.  No agreement was
proposed, no terms were offered, and nothing material was discussed. 
Shortly thereafter, XYNH issued a press released followed by thousands of
dollars in stock promotion that suggested an acquision was
actually being pursued and that it could be a "billion" dollar deal.  The
press release and stock promotional activities for XYNH included a quote from J.
Carlos Ley as stating, "This deal in particular, wherein we can
leverage our interests in alternative energy against traditional business
transactions like the $16 billion wood extraction and brokerage opportunity in
Nicaragua, is exactly how we intend on establishing our footprint in global
business."  ACDU became extremely concerned that the public would link our
investment into Rich Corporacion and our plans with
XYNH's inference that there was a potential for "billions" of
dollars.  While wood processing in Nicaragua could be a lucrative deal, we
were perplexed by the brazen exaggeration by XYNH and its stock promoters. 
In an abundance of caution, we chose to distance ourselves from the promotion by
advising in the 8-K that "ACDU has concerns whether, even if a beneficial offer
was made, it could come to fruition.  ACDU warns that unrealistic hype
and premature announcements may be made pertaining to the matter without
completed due diligence.  Investors in public vehicles involved need to use
extreme caution and restraint prior to purchasing securities in any company that
trades over the counter because these types of investments are for professional
investors who maintain a high degree of risk, sufficient income and assets, and
who could afford to lose their entire investment.  Any sales, revenue, or
monetary projections not contained in Securities and Exchange Commission filings
or press releases by ACDU are not attributable to our Company and are
specifically disavowed.  ACDU continues its policy of discouraging any
form of stock promotion."  At the time, we did not specifically mention
XYNH because we did not want to harm any investment if such was
legitimate.  However, we ultimately learned that the proposal was not
serious and that, based on the claim of billions of dollars in potential
revenue, was most likely issued for the purpose of selling unregistered
securities.On August 25, 2009, we announced through an 8-K that we would
change our name to Accredited Business Consolidators Corp. from the Italian
Oven, Inc., and reduce our authorized shares to 450,000,000.  We did file
the changes and they remain in effect today. On September 3,
2009, we announced via the 8-K our investment of 25% into the Costa Rica
corporations 3-101-532180 S.A and Soluciones Faciles, S.A. 
However, we do correct the 8-K as stated above to the extent that the
investment into Soluciones Faciles, S.A.,
was done by ACDU and was not formally consummated until 2010. On September 9, 2009,
through an 8-K, we advised that we retired shares that we held in our
treasury.  In addition, we announced that My Pleasure, Ltd., our
controlling shareholder, intended to retire its common stock by
exchanging it into preferred shares.On October 9, 2009, we issued an 8-K
advising that the Pennsylvania Secretary of State accepted our change of name to
Accredited Business Consolidators Corp. from the Italian Oven Inc.  In
addition, they accepted our reduction of the authorized number of shares to
450,000,000.  We also advised that we extended the share issuance
moratorium until April 8, 2010. On October 13,
2009, we filed an 8-K announcing a business deal with Caribbean Wood
Products, Inc. of Florida.  The deal involved Caribbean purchasing
wood from Richwood Eco Ventures, Inc. and then marketing it.  Caribbean
maintained orders that would have enabled Richwood to achieve over
$1,500,000 per year in sales.  At the time of the 8-K, this
announcement was true.  However, Richwood Eco Ventures relied on Rich
Corporacion to process the wood for it.  Subsequent to
the purported death of the chief operating officer of Rich
Corporacion, we were unable to fill orders
for Caribbean.  It is not known whether or not Carribean
will be willing to place orders with us if our affiliates begin
processing wood or form their own wood processing plant. On October 15, 2009,
we lodged an 8-K stating that we formed a public limited company in the United
Kingdom for its European businesses on October 15, 2009 to hold businesses and
investments in Romania, Serbia, Kosovo, Montenegro, Albania, Poland, the Czech
Republic, and possibly other developing regions. The business model will mirror
that of ACDU, i.e., to locate businesses and develop them until they are ready
to stand on their own. ACDU directed its accountants to create Accredited
Consolidators Europe, PLC ("ACE PLC") in London, England. After formation,
ACE PLC will file an application to commence trading.  ACE PLC plans to
apply for a listing on the Alternative Investment Market of the London Stock
Exchange.  We do note that we continue our plans relating to ACE PLC. 
Most likely, we will be filing a registration statement in the United States for
this affiliated enterprise so that we can distribute the stock to ACDU as
registered securities and so we can raise funds in the United States for the
enterprise.  We would also seek registration on the AIM as stated.  We
believe that that latter may take more effort than we initially anticipated and
we believe that our United States registration will be completed by June,
2011. On October 19, 2009,
we submitted a form 8-K informing shareholders that the Pennsylvania Secretary
of State accepted the Company's amended articles of incorporation.  These
articles changed the Company's name from the Italian Oven Inc. to Accredited
Business Consolidators Corp.  In addition, the amended articles of
incorporated reduced the number of authorized common stock to
450,000,000. The Company also advised that it received notification
from the CUSIP Service Bureau that the new CUSIP number for Accredited Business
Consolidators Corp. is 004365102.  The new ISIN is US0043651027. On October 20, 2009,
the Company submitted a form 8-K informing shareholders that it intended to
divest itself of its interest in Richwood Eco Ventures, Inc.  Subsequent to
the issuance of the Form 8-K we informed shareholders that the Company would not
divest itself of any interest until after the Securities and Exchange Commission
approved a registration statement for the entity. On October 23, 2009,
the Company informed shareholders through an 8-K report that it submitted its
documentation to FINRA to change its ticker symbol and name to reflect the
change of name from the Italian Oven to Accredited Business Consolidators
Corp. On October 28, 2009,
the Company advised the public and shareholders that it acquired 25% of the
membership interest in Industrial Supply Company LLC in exchange for a five year
marketing and consulting agreement.  ISC LLC, formed in Florida in 2008,
created an extensive business plan to assist construction organizations acquire
governmental benefits by shifting to environmentally friendly construction
materials.  With the assistance of ACDU, the company believes it can bring
its business plan to fruition.  ISC LLC, which is in the process of
registering with the United States House of Representatives as a lobbyist
organization, will focus on achieving benefits for eco-friendly companies such
as increased carbon credits, tax deductions, grants, and mandates to use certain
environmentally friendly products when fulfilling government
contracts.    ISC LLC and ACDU will jointly create a new
corporation that will provide services to eco-friendly construction
organizations.  The entity will initially employ three paralegals with
training in Congressional matters and a full time lobbying and marketing
professional.  Investors are cautioned that this is a startup venture. On November 3, 2009,
the Company issued a form 8-K noting that it filed documentation with the
Pennsylvania Secretary of State to form two affiliated
companies, Accredited Hospitality Group, Inc., and Accredited Suppliers
Corp. AHG will participate in joint ventures (between 25 and 75% ownership of
the properties) with smaller hotel and motel locations in Central America and
the United States. ACDU, through Italian Oven Travel & Entertainment Corp.,
will assist the properties become members of global distribution systems so that
computerized reservations can occur. The primary reason why smaller hotels are
not booked is because they're not featured on electronic reservation systems.
AHG will focus on properties with ten to twenty-five rooms that can be filled up
at all times rather than large luxury hotels that have half their rooms empty
during off-peak seasons. AHG is presently in negotiations with four
properties.  ASC is presently engaged in discussions with a printing
company to form a joint venture (50/50) wholesale printing supply company to
provide products to Central America including Costa Rica, Nicaragua, and Panama.
The venture will initially focus on importing large quantities of vinyl products
used for banners and billboards that are in demand by Central American printing
and advertising companies.  Each corporation will be formed this week with
999,999,999 common shares and 80% eventual ownership by ACDU. On November 5,
2009, we advised shareholders through a form 8-K that our affiliated
company, Richwood Eco Ventures, Inc., received a CUSIP number for its common
stock.  The CUSIP number allows the Company to eventually divest
itself of the shares that will be issued to it.  However, it is noted that
we informed our shareholders that it was decided that no divestiture will
occur until a registration statement is filed on behalf of Richwood Eco
Ventures, Inc. On November 16, 2009,
the Company issued a Form 8-K informing shareholders of several
events.  First, the Company received notification from the
Pennsylvania Secretary of State that its affiliate Accredited Consolidators
Europe PLC was accepted as a foreign corporation.  Second, ACDU received
notification from the Pennsylvania Secretary of State that Accredited Suppliers
Corp. was accepted as a domestic corporation.  This registration allows the
company's affiliate to begin its business model of exporting auto parts and
printing supplies to Central America. On November 20,
2009, the Company issued a form 8-K advising shareholders that the
share issuance moratorium would remain in place until June 30, 2010. 
It also published a breakdown of the Company's largest institutional
shareholders. On December 10, 2009,
the Company published a form 8-K notifying shareholders
that it restructured the Lehman Brothers debt assets that were
within the Bankruptcy Claims Fund Inc. affiliate.  Pursuant to the
restructuring, the rights and claims will now be held directly by ACDU rather
than an affiliate.   Similarly, the 77634 shares of Southeast Banking
Corporation stock held by the Company as nominee for Bankruptcy Claims Fund will
instead be retained by ACDU. The latter investment was made while Bankruptcy
Claims Fund negotiated an assignment of claims in the Southeast Banking
bankruptcy case; however, the purchase of the prospective additional claims
never came to fruition due to certain delays in the Southeast Banking
case. This leaves Bankruptcy Claims Fund without any assets. ACDU has not
determined whether it will place future bankruptcy claims investments into the
subsidiary or just hold them in its treasury directly for the
parent. On December 17, 2009,
the Company advised shareholders through a form 8-K filing that management for its affiliate, Accredited
Suppliers Corp., were appointed.  Sergio Alejandro was appointed Vice
President and Director, and Rebeca Torrez was appointed
Chief Operating Officer and Director.  Mr. Alejandro is a citizen of
Guatemala, and Ms. Torrez is a citizen of Nicaragua. Neither officer will
receive compensation for their position until Accredited Suppliers Corp.
achieves profitability through its automobile parts supplier operations in
Central America.  Both new officers maintain over ten years experience
in the automotive parts and accessories business, and they presently operate
retail stores in Nicaragua that sell automobile parts.  They previously
managed a successful wholesale distributorship in Central America in operations
that were similar to Accredited Suppliers Corp.'s business model of importing
bulk auto parts from the United States and China for resell to smaller
automobile dealerships and stores in rural Central American
locations. On December 31, 2009, the Company announced that its
affiliate, Richwood Eco Ventures, Inc.,received an initial purchase order for various
wood and timber products FOB Madrid, Spain, from Eco-Recursos
Forest, S.A., a company located in Andorra.  On December 30, 2009,
Eco-Recursos provided payment to Richwood Eco Ventures, Inc., in
the amount of 14,300 Euro.  After conversion and bank fees, Bank of America
reports that the total amount received by Richwood was
$19,491.86. 7 
 **PART III** **ITEM 10.****DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE** Gary L. Steib was the sole known
director and officer until January 2008.  Mr. Steib was the Chief Financial Officer of the Company during the
time the restaurant chain existed.  He began his relationship with the
Company in 1994.  Mr. Steib resigned on January 29,
2008.  At the time of the resignation, Mr. Steib
appointed Robert Kropf as sole officer and director of the
Company.  Mr. Kropf remained the sole officer until
October 2008 when Joanna Chmielewska was appointed sole
officer and director.  Ms. Chmielewska was born in
Poland in 1979 and presently resides in the United Kingdom and elsewhere. 
Ms. Chmielewska has extensive experience managing sales
programs and overseeing large businesses. Our principal shareholder is My Pleasure Ltd., a United
Kingdom investment group.  Joanna Chmielewska is an
officer of My Pleasure Ltd. in addition to being the sole officer here.  It
should be clear that this presents a conflict of interest and that Ms. Chmielewska may take actions that benefit My Pleasure Ltd. Audit Committee and Audit Committee Financial Expert:
Our Board of Directors did not have an Audit Committee and does not have an
Audit Committee Financial Expert.   The Board of Directors
essentially form the audit committee. Compensation Committee: Our Board of Directors did not
have a Compensation Committee. Section 16(a) Beneficial Reporting Compliance: Section
16(a) of the Securities Exchange Act of 1934, as amended, requires the Company's
directors and executive officers, and persons who own more than 10% of a
registered class of our equity securities, to file with the SEC initial reports
of ownership and reports of changes in ownership of common stock and other of
our equity securities. These insiders are required by SEC regulations to furnish
us with copies of all Section 16(a) forms they file, including Forms 3, 4 and 5.
On October 23, 2008, we filed a Form 3 indicating that My Pleasure Ltd.
purchased shares of the Company on October 17, 2008. Code of Ethics: We have not yet adopted a Code of Ethics
for our executive officers. However, current management are aware that a duty exists for the executive staff to bring
value to the shareholders of this Company. **ITEM 11.****EXECUTIVE COMPENSATION** During fiscal year 2009, our President was
compensated $200.00.  Ms. Chmielewska will not be collecting a regular salary
until the Company achieves certain goals such as maintaining an
interest in an affiliated company that creates sufficient cash flow. 
 No shares, options, or warrants were issued to officers or
directors during the fiscal year.  However, it is noted that My Pleasure
Ltd. purchased control of this Company in October 2008 through the issuance of
shares to it.  The Company does not consider this to be compensation from
the Company as My Pleasure Ltd. paid for the shares.  It is noted that My
Pleasure Ltd. is not an officer of the Company, however, its President, Joanna
Chmielewska, is also the President here. 8 
 **ITEM 12.****SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS** The following table sets forth as of
the date of this report, certain information with respect to the beneficial
ownership of our voting securities by (i) each person or
group owning more than 5% of the Companys securities, (ii) each director, (iii)
each executive officer and (iv) all executive officers and
directors as a group. The information presented in the table is based
on 9,382,916 shares (equivalent to 938,291,600 post-split shares) in
existence as of December 31, 2008. Name and



Amount andAddress of

Title of

Nature of
Beneficial

Percent ofBeneficial Owner(1)

Class

Ownership

Class My Pleasure Ltd., controlling
shareholder, a United Kingdom company managed by Joanna Chmielewska, President of AccreditedBiz                                            
Common
Stock                 
5,000,000 or                        
53%                                                                                                                                                                               500,000,000 postsplit All officers, directors, and control
persons as a
group                                                          
Common
Stock                   5,000,000
or                                                                                                                                                                               500,300,000 postsplit             53% Except
as otherwise indicated each person has the sole power to vote and dispose of all
shares of common stock listed opposite his name. Each person is deemed to own
beneficially shares of common stock which are issuable upon exercise or warrants
or options or upon conversion of convertible securities if they are exercisable
or convertible within 60 days of the date of this report. **ITEM 13.****CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE** Related Transactions:  During the fiscal year 2009,
the Company received various loans from My Pleasure Ltd.  My Pleasure Ltd.
is the controlling shareholder.  These loans are considered related-party
transactions.  Similarly, the Company made loans to various companies and
enterprises.  Each of these loans is considered a related party transaction
because we are affiliated with the companies that received the funding. 
Because of the affiliation and related party status, we may have overlooked
certain facts that an ordinary lender would consider such as the length of time
the business existed and its revenues.  Because our loans were meant to
help the companies start up, they may be considered extremely high risk
lending.Director Independence:   The Company does not
believe we have any independent directors under the definition of independent
director set forth in the Rules of NASDAQ, Marketplace Rule 4200(a)(15).  We note that we no longer trade on the NASDAQ market
and are presently trading on the over-the-counter market.  As such, we are
not required to comply with NASDAQ Marketplace Rules. As stated in Item 10 above, Gary L. Steib was our sole known director during the beginning of
2008.  We do not assert that Mr. Steib, as the sole
known director, was independent in any way within the meaning of Regulation S-K
or any other applicable definition.  As sole director, Mr. Steib essentially maintained complete control over the
company and its transactions. At the end of 2008, Joanna Chmielewska was the sole director.  Ms. Chmielewska was also the President of our controlling
shareholder, My Pleasure Ltd.  We do not assert that Ms. Chmielewska was independent within the meaning of Regulation S-K
or any other definition. 9 
 ITEM 14.PRINCIPAL ACCOUNTING FEES AND SERVICES AUDIT FEES: The following lists fees billed by Berman W. Martinez y
Asociados, current auditors for the Company, for the years
ended December 31, 2008 and 2007: 2009

2008Audit Fees

$
750.00

$
$750.00Audit Related Fees


-


-Tax Fees


-


-All Other Fees


-


-  AUDIT COMMITTEE APPROVAL POLICIES AND PROCEDURES Presently, the board of directors acts as the Company's
Audit Committee.  The present Audit Committee does not have a
financial expert serving on its committee at this time due to the size and
nature of the Company. All audit and non-audit services were obtained after the
fiscal year in question, and were approved by the Audit Committee, which
consists of the members of the board of directors which considers, among other
things, the possible effect of the performance of such services on the auditors'
independence. The Audit Committee approves the annual engagement of the
principal independent registered public accounting firm, including the
performance of the annual audit and quarterly reviews for the subsequent fiscal
year, and approves specific engagements for tax services performed by such firm.
The Audit Committee has also established policies and procedures for certain
enumerated audit and audit related services performed pursuant to the annual
engagement agreement, including services associated with SEC filings
approved by the Board of Directors; review of periodic reports and other
documents filed with the SEC or other documents issued in connection with
filings, such as comfort letters and consents; assistance in responding to any
SEC comment letters, if any; and consultations with such firm as to the
accounting or disclosure treatment of transactions or events and the actual or
potential impact of final or proposed rules, standards or interpretations by the
SEC, Public Company Accounting Oversight Board (PCAOB), Financial Accounting
Standards Board (FASB), or other regulatory or standard-setting bodies. The
Audit Committee is informed of each service performed pursuant to its policies
and procedures. The Audit Committee has considered the role
of Berman W. Martinez y Asociados in
providing services to us for the fiscal year ended December 31, 2009 and has
concluded that such services are compatible with such firm's independence. 10 
 **PART IV** **ITEM 15** **EXHIBITS, FINANCIAL STATEMENTS, AND
SCHEDULES** See below for the financial statements and
exhibits.  The prior filings with the Securities and Exchange Commission
are discussed above. **ACCREDITED BUSINESS
CONSOLIDATORS CORP.**   **SIGNATURES** Pursuant to the requirements of Sections 13 or
15(d) of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.   Accredited Business Consolidators
Corp.Date:April
14, 2011
/s/ Joanna ChmielewskaJoanna ChmielewskaPresident and Chief Financial
Officer   
  EXHIBIT **Berman W. Martinez y
Asociados****Contadores Publicos
Autorizados**  Managua,
April 11, 2011 Report of Independent
Auditors  To
Members of the Board ACCREDITED BUSINESS CONSOLIDATORS CORP.  We
have audited the accompanying consolidated balance sheet of ACCREDITED BUSINESS CONSOLIDATORSas ofDecember 31, 2009 and the related statements of income,
statement of changes in equity and cash flows for the year ended December 31,
2009 and a summary of significant accounting policies and other explanatory
notes.  Responsibility
for administration of the financial statements  The
administration of ACCREDITED BUSINESS CONSOLIDATORS CORP.is responsible
for the preparation and fair presentation of financial statements in accordance
with International Accounting Standards (IAS`s) issued by
the International Federation of Accountants (The International Federation of
Accountants IFAC). This responsibility includes: designing, implementing and
maintaining internal control relevant to the preparation and submission of
financial statement, which do not contain significant errors, whether due to
fraud or error, as well as selecting and applying appropriate accounting
policies and making accounting estimates that are reasonable in the
circumstances.  Auditor
liability  Our
responsibility is to express an opinion on the financial statements taken as a
whole. We conducted our audit in accordance with the rules of the Public Company
Accounting Oversight Board (PCAOB) in the United States. These standards require
that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the financial statements are presented
without misstatement.  An
audit involves using procedures to obtain audit evidence about the amounts and
disclosures in the financial statements mentioned. The procedures selected
depend on the auditor's opinion, including assessment of the risks that this
statement misstatement, whether due to fraud or error. In conducting risk
assessments, the auditor considers internal controls relevant to the preparation
and fair presentation of ACCREDITED BUSINESS CONSOLIDATORS CORP.
financial statements, to design audit procedures that are appropriate in the
circumstances, but not with the purpose of expressing an opinion on the
effectiveness of internal controls of ACCREDITED BUSINESS CONSOLIDATORS
CORP. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management,
as well as evaluating the overall presentation of the financial statements and
its explanatory notes.  We
believe that the audit evidence obtained is sufficient and appropriate to
provide a basis for our opinion. We have also evaluated the accompanying
financial statements, notes and annexes ACCREDITED BUSINESS CONSOLIDATORS
CORP. as of December 31, 2009.  Our
audit was conducted for the purpose of expressing an opinion on the financial
statements attached. The information presented in Annexes I to IV, are presented
for purposes of additional analysis and is not a required part of the financial
statements, such information has been subjected to the auditing procedures
applied to financial reporting and, in our opinion, presents fairly in all
material respects, in relation to the financial statements taken as a
whole.  Opinion  In
our opinion the accompanying balance sheet of ACCREDITED BUSINESS
CONSOLIDATORS CORP. as of December 31, 2009 and the related income
statement, statement of changes in equity and cash flows for the period to
December 31, 2009 and as the summary of significant accounting policies and
other explanatory notes present fairly, in all material respects, the financial
situation of ACCREDITED BUSINESS CONSOLIDATORS CORP., in accordance with
International Generally Accepted Accounting Principles.  Emphasis
on the Warning  The
financial statements have been prepared assuming the Company will continue as a
going concern. As discussed in the notes to the financial statements, the
Company has little money, minimal assets, substantial debt, and only a small
amount of revenue. This raises substantial doubt about its ability to continue
as a going concern.  The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty. We also note that we relied on the representations
of the current management of ACCREDITED BUSINESS CONSOLIDATORS CORP.  It
is understood that this report is only for information and use of the management
of ACCREDITED BUSINESS CONSOLIDATORS CORP.,however, once authorized by
the Board, is a matter of public record and its distribution is not
restricted.     Berman
W. Martínez Martínez Authorized
Public Accountant **** DireccionRubenia C28 
Telefono [505] 22222198 - 22663124 Fax 22223032 Apartado:
1488   Miembro de la Camara Nicaraguense de Contadores Publicos y
Consultores  ANNEX I  ACCREDITED
BUSINESS CONSOLIDATORS CORP.BALANCE
SHEETDecember
31, 2009Expressed
in DollarsASSETSCurrent
assets:Cash
and Bank Account         
                                                                  Note 5

19,922.47Bank
19,922.47Temporary
Investments (stocks)Note
6

94,971.24Industrial
Supply Co LLC
2,500.00HilandTerrace
Corp.
4,200.003-101-53218
S.A
2,000.00Southeast
Banking Corp.
7,763.40Lehman
Brother Capital Trust Series K-LEHKQ
9,773.00Lehman
Brother Capital Trust Series L-LEHLQ
29,029.00Lehman
Brother Capital Trust Series M-LHHMQ
21,699.84Lehman
Brother Capital Trust Series N-LEHNQ
18,006.00Accounts
Receivable

39,959.90Industrial
Supply Co LLC
1,527.29Richwood
Eco Ventures Inc.
35,612.50Telecom
Tools
1,375.00Accredited
Suppliers Corp.
302.66Italian
Oven Financial Inc.
137.50Italian
Oven Travel & Entertainment Corp.
137.50Italian
Oven International
137.50Italian
Oven Intellectual Property
137.50Italian
Oven Technologies Inc.
137.50Accredited
Hospitality Group Inc
137.50Accredited
Consolidators Europe  PLC
317.45TOTAL
ASSETS:

154,853.61LIABILITIESCurrent
liabilities:Accounts
payable

165,426.00My
Pleasure Ltd.
165,426.00Interest
payable

16,702.60My
Pleasure Ltd.
16,702.60TOTAL
LIABILITIES:Note
7

182,128.60CAPITALStockholders'
equityAccumulated
Deficit

(177,274.69)Preferred
stock, $.0001 par value, 500,000,000 shares authorized, issued and
outstanding

50,000.00Common
Stock, $0.0001 par value, 450,000 ,000 shares authorized, 436,399,600
shares issued and outstanding

43,640.00Adjustments
to Shareholder's equity (deficit caused by par value previously shares
issued)

(43,640.00)Additional
paid-in Capital

100,000.00TOTAL
CAPITAL:Note
8

(26,694.99)LIABILITIES
AND STOCKHOLDER EQUITY

154,853.61The
accompanying notes are an integral part of the financial statements.
    ANNEX
II  ACCREDITED
BUSINESS CONSOLIDATORS CORP.STATEMENTS
OF OPERATIONSDecember
31, 2009Expressed
in DollarsYear
Ended December 31, 2009.REVENUE

3,641.96Commissions
9.07Other
Income
0.14Earned
Interest on Loans
3,632.75TOTAL
INCOME

3,641.96EXPENDITURESGeneral
and administrative

30,756.65Executive
compensation
200.00Investment
activities
1,237.94Office
rent
1,103.34Insurance
109.74legal
fees
1,300.00Subscriptions
304.00Internet
services
240.04Publicity
8,619.00Communications
149.45Supplies
3.00Commissions and fees paid
249.67Interest
on loans
16,542.60Bank
fees
697.87Profit
(or loss) before income taxes

(27,114.69)Provision
for income taxes

0.00Profit
(or loss)

(27,114.69)The
accompanying notes are an integral part of the financial
statements.
       ANNEX III  ACCREDITED
BUSINESS CONSOLIDATORS CORP.CASH
FLOW STATEMENTSAt
December 31, 2009Expressed
in DollarsYear
Ended December 31, 2009.Cash
flows from operating activities:Net
Loss
(27,114.69)Temporary
investments
94,971.24Adjustments
to reconcile net loss to net cash usedNote
payable issued in exchange for services
0.00Common
stock issued for services
0.00Net
accounts payable
39,960.20Account
payable
0.00Net
cash used in operating activities
(107,816.75)Cash
flows from investing activities:Net
fixed asset acquisitionCash
flows from financing activities:Net
Loans from Shareholder
126,139.22Issuance
of preferred stock for cash
0.00common
stock paid in cash
0.00Advances
from stockholders
0.00Net
cash provided by financing activities
126,139.22Net
change in cash
0.00Cash
at the beginning of period
1,600.00Cash
at the end of period
19,922.47The
accompanying notes are an integral part of the financial
statements.
       ANNEX
IV  ACCREDITED
BUSINESS CONSOLIDATORS CORP.STATEMENT
OF STOCKHOLDER'S EQUITYAt
December 31, 2009Expressed
in DollarsDetail
Capital
on Shares
Capital
Stock
Paid-In
Capital
Retained
Earning
AcumulatedIncomes
TotalBalance
as December 2009


150,000.00

(150,160.00)
(160.00)Preferred
Shares 500,000,000 authorized at $0.0001
500,000,000.00
0.00
50,000.00Common
Shares 450,000,000 authorized at $.0001
436,399,600.00
0.00
43,640.00Comprehensive
Income:Net
Income 2009





(27,114.69)Less
par value of treasury sharesAdditional
Paid-in Capital


100,000.00Adjustments
to Shareholder's equity


(43,640.00)Balance
as December 2009
936,399,600.00

150,000.00

(150,160.00)
(27,274.69)Balance
as December 2008





150,000.00Preferred
Shares(10,000,000 authorized)

0.01Common
Shares (20,000,000 authorized )
9,382,917.00
0.01
93,829.17Comprehensive
Income:Net
Income 2008





(150,160.00)Less
par value of treasury shares
18,921.00
0.01
(189.00)AditionalPaid-in
Capital


100,000.00Adjustments
to Shareholder's equity


(43,640.00)Balance
as December 2008
9,363,996.00
0.00
150,000.17
0.00
0.00
(160.00)
  \\ ACCREDITED
BUSINESS CONSOLIDATORS CORP. Notes to the financial statements for the year
ended At 31 December 2009.  Note
1.Summary
of accounting policies.  1.1.Organization
and business.  Accredited
Business Consolidators Corp. (the "Company" or "accredited") was organized in
1990 under the name Fornello USA, Inc. Accredited finally
changed its name to The Italian Oven, Inc., to reflect the operation of various
Italian restaurants. However, in October 1996, the company had no funds to
sustain itself, and filed for protection under Chapter 11 of Federal Bankruptcy
Code, presented a plan with the Bankruptcy Court, which is stripped of all
assets, including intellectual property, the plan provided no payment to
shareholders, but did not cancel or terminate the common shares of the company.
The Bankruptcy Court of the United States for the Western District of
Pennsylvania approved the bankruptcy plan and on 17 July 1998, the company
emerged from bankruptcy.  After
the company emerged from bankruptcy, and until 31 December 2007, the company did
not conduct any business. It had no operations or assets. Instead, it simply
remained dormant while the administration sought an opportunity for its
shareholders. The Company has no restaurants and is not affiliated with the
restaurants that bear its name.  During
2009, the Company engaged in forming and participating in various
ventures.  The Company also made investments into several companies and
provided loans to start-up organizations that are affiliated with the
Company.  1.2.Basis
of presentation and the ongoing uncertainty  The
financial statements have been prepared in accordance with accounting principles
generally accepted in the United States. In the opinion of management, all
adjustments (which include only normal recurring adjustments) necessary to
present fairly the financial position, income statement, and cash flows of the
Company for all periods presented have been made. Specifically, during the
relevant period, the company had no operations or assets, and no accumulated
debt.  Certain
information and disclosures in the notes are included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States have been condensed or omitted. The results of operations for the
current year are not necessarily indicative of operating results expected for
any subsequent fiscal year.  The
financial statements of the Company have been prepared assuming the Company will
continue as a going concern. However, the company has no assets or working
capital and no business operations. These conditions, among others, give rise to
serious doubts about the ability of the company to continue as a going concern.
There is no guarantee that the measures taken by the management will meet all
the needs of the company to continue as a going concern. The accompanying
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.  1.3.Management
estimates  The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts income and expenses during the reporting period. Actual
results could differ from those estimates.  Note
2.Related
party transactions.  All
of the Company's funding originated with My Pleasure Ltd., of the United
Kingdom.  My Pleasure Ltd. is also the majority shareholder of the
Company.  As a result, favorable terms may exist with respect to business
transactions involving My Pleasure.  Additionally, the Company made loans
to affiliated enterprises that it helped create. 
Every loan the Company made is considered a related party
transaction.  Note
3.Commitments
and contingencies.  At
31 December 2009, the Company is not subject to contingencies or commitments or
obligations under lease commitments.  Note
4.Going
concern.  At
31 December 2009, the Company has little working capital. As such, the
accompanying financial statements have been prepared assuming the Company will
continue as a going concern. The company does not have sufficient working
capital for its planned activities, which raises substantial doubt about its
ability to continue as a going concern.  The continuation of the company as
a going concern depends on obtaining additional working capital.   Note
5.Cash
and Bank Account  The
amount of the bank account includes the following Bank account:  Account
Number
Amount38300640-8569
640.8038300640-8572
118.7938300640-0492
89.5038300640-0502
66.5438300640-0515
9,547.7438300640-0528
335.0038300640-0531
95.01Brokerage
AccountsInteractiveBrokersLLC
Brokerage
2,389.38OptionsXpress
6,639.71Total
19,922.47
  Note
6.Temporary
Investments (stocks)  Temporary
investments for the year ended 31 December 2009, amount to the amount of $
94,971.24 and are composed as follows.  Temporary
Investments(Stocks)Industrial
Supply Co LLC
25%
Company' InterestHilandTerrace
Corp.
43,639,950
common shares. 1,000,000 preferred shares.3-101-53218
S.A
25%
Outstanding stock
  Lehman
Brothers Holding
$     
78,507.84Capital
Trust Series K-LEHKQ
18,492
shares purchased at average of $ 0.24Capital
Trust Series L-LEHLQ
102,500
shares purchased at average of $ 0.24Capital
Trust Series M-LHHMQ
112,400
shares purchased at average of $ 0.23Capital
Trust Series N-LEHNQ
57,500
shares purchased at average of $ 0.23
      Note
7.Liabilities.  The
Current Liabilities consist of loans made by My Pleasure Ltd. to the Company;
the Current Interest Payable contains the accrued Interest of loans from
2008.  Note
8.Capital.  In
2008, the Company issued 5,000,000 shares to My Pleasure Ltd. for $.03 per
share.  This resulted in the new shares being listed with the previously
issued and outstanding common stock.  The
additional paid in capital of $100,000 is based on the remaining $.02 per
share.  The
adjustment to the shareholder's equity of $43,640 is made to correct the deficit
caused by the par value of the shares issued prior to 2008.  On
September 29, 2009, the Company cancelled the 1,892,100 shares in the
treasury.   \\  PCAOB REGISTERED  CONSENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  We consent to the
use, in the statement on Form 10K of Accredited Business Consolidators Corp. of
our report dated April 11, 2011, on our audit of the financial statements of
Accredited Business Consolidators Corp. as of December 31, 2009 and the
related statements of operations, stockholders' equity and cash flows for the
year ended December 31, 2009 and the reference to us under the caption
Experts.      Berman
W. Martínez Martínez Authorized
Public AccountantManagua,
Nicaragua April 11,
2011    \\  EXHIBIT 31.1 CERTIFICATIONS I, Joanna Chmielewska, certify
that: 1. I have reviewed this Annual on Form 10-K of
Accredited Business Consolidators Corp.; 2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period covered by
this report; 3. Based on my knowledge, the financial statements, and
other financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this
report; 4. I am presently responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a  15(f) for the registrant and
have: (a) Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the registrant,
including its consolidated subsidiaries, is made known to us by others within
those entities, except that in this instance I was not an officer at the time
the data was accumulated in this report and based the information on third party
information obtained from prior officers and their legal counsel, of which I
believe to be true; (b) Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be
designed under my supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles; (c) Evaluated the effectiveness of the registrants
disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation, but note that I
was not an officer at the time period in this report and based the information
on data received from the companys prior officers; and (d) Disclosed in this report any change in the
registrants internal control over financial reporting that occurred during the
registrants most recent fiscal quarter that has materially affected, or is
reasonably likely to materially affect, the registrants internal control over
financial reporting; and 5. I have disclosed, based on our most recent evaluation
of internal control over financial reporting, to the registrants audit
committee of the registrants board of directors (or persons performing the
equivalent functions): (a) All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrants ability to record,
process, summarize and report financial information; and (b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrants
internal control over financial reporting.  Date:April
14, 2011
/s/ Joanna ChmielewskaJoanna ChmielewskaPresident and Chief Financial
Officer  EXHIBIT 32.1 CERTIFICATION PURSUANT
TO 18 U.S.C. § 1350 AS ADOPTED PURSUANT
TO SECTION 906 OF THE SARBANES-OXLEY
ACT OF 2003 In connection with the Annual Report on Form 10-K of
Accredited Business Consolidators Corp. (the Company) for the 2008 fiscal
year, as filed with the Securities and Exchange Commission on the date hereof
(the Report), the undersigned President, and sole financial officer of the
Company, certifies, to the best of her knowledge, information, and belief of the
signatory, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2003 that: (1) The Report complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly
presents, in all material respects, the financial condition and results of
operations of the Company. /s/ Joanna ChmielewskaPresident and Chief Financial
OfficerDate:April
14, 2011