DOYLESTOWN, Pa., June 8, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp. (Pink Sheets:ACDU) issued a resolution to participate in the formation of Identifier Inc., a corporation that it will own approximately 29% of the common and preferred shares.
Identifier Inc. will create a publicly accessible wiki-style database that allows persons with internet access to create profiles that disclose information. The database will allow people to search for third parties, or to enter information about third parties, by the username they use on public message boards such as Yahoo, Wikipedia, Google, MySpace, InvestorsHub.com, Raging Bull, Twitter, and most websites. Searches may also be done by telephone number or address, creating a wiki-style telephone directory. Comments may be added so that the system is self correcting, but original data will not be able to be changed or deleted by disgruntled users. Persons who believe that incorrect information has been posted will be able to file an appeal to have the information removed, and Identifier Inc. will conduct an appropriate investigation. If Identifier Inc. cannot verify that the information is inaccurate, it will allow the protester to make a 100 word comment that will appear alongside the data. Identifier Inc. will not remove accurate information simply because a person does not wish for their moniker to have been identified or linked with their name.
Identifier Inc. will begin programming the websites immediately and expects beta versions to be available in 60 to 90 days. Identifier Inc. may conduct a public offering to raise money for the purchase of servers and business expenses, but the initial capital to create the sites and host them on servers in Germany operated by AccreditedBiz is on hand. Revenues will be generated through advertising.
"Identifier Inc.'s sites will be controversial, but ethical and legal. Certainly, we'll irritate some people, but we hope that Identifier Inc. will become a household name on the internet," said Andy William, Vice President of AccreditedBiz.
Identifier Inc. has already registered the following websites for the program:
| Investor Relations |
| AccreditedBiz and Identifier Inc. |
| www.accreditedbiz.com |
| www.identifierinc.com |
| 196 West Ashland |
| Doylestown, PA 18901 |
| 267-864-7737 fax 267-371-5168 |
| info@accreditedbiz.com |
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common shares outstanding is 436,399,566; 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.