Accredited Business Consolidators Corp. to Form Central American Vehicle Rental Franchise
23 April 2010 - 8:00PM
Accredited Business Consolidators Corp. (Pink Sheets:ACDU) today
announced that it entered a definitive agreement to create a
vehicle and equipment rental company in Central America.
The Company directed its attorneys to form a Nicaraguan, Costa
Rican, and Panamanian corporation known as Grupo Accredited RAC,
S.A. Concurrently, a corporation in Pennsylvania will be
formed to hold the shares of the foreign enterprises.
The Company believes the Pennsylvania holding corporation will
be completed in ten days and the foreign corporations within four
to six weeks. The first office will be in Managua. "We
have preliminary agreements in place with several hotels to offer
affordable car rentals to their guests with no hidden charges,"
said Denis Soto, who will be named Vice President of Accredited
RAC.
In Central America, car rental companies advertise low car rates
while deceptively forcing clients to purchase insurance products
that are not needed. "Every car rental company in Central
America charges their client $12.00 per day for something called
Additional Liability Insurance while the rental company maintains
the absolute minimum amount of insurance required by law and pays
less than $100.00 per car in annual liability insurance costs,"
Soto explained. "We'll be upfront and honest, yet we'll
provide a fair commission to travel agents and hotels. We
believe the word will spread quickly," Soto added.
The Company presently has an arrangement to lease a beginning
fleet of 35 in Nicaragua. In addition, My Pleasure Ltd. will
be providing funding to purchase diesel generators, trailers, and
other equipment that can be leased. "We'll rent more than
cars," Soto said.
This is not an offer to sell securities. Statements made
are forward-looking subject to risks and
uncertainties. Statements included are made on the date
hereof. The company undertakes no obligation to update such
statements to reflect subsequent events or circumstances. Results
could differ materially from anticipated results. Pay careful
attention to all announcements and filings.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
ir@accreditedbiz.com
Twitter: accreditedbiz