UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934.

DATE OF REPORT:  February 23, 2011 (Date of earliest event reported)

ACCREDITED BUSINESS CONSOLIDATORS CORP.
(Exact name of registrant as specified in its charter)

PA                                            0-27182               25-1624305
                                                  (State or other jurisdiction                         (Commission File      IRS Employer                                                                          
of incorporation)                                      Number)             Identification Number)

196 WEST ASHLAND STREET, DOYLESTOWN, PA 18901
(Address of principal executive offices)

267-629-2340
(Registrant's telephone number, including area code)

NOT APPLICABLE
(Former Name or Former Address, if changed since last report)

 

ITEM 8.01 Other Events

On February 10, 2011, the Securities and Exchange Commission sent Accredited Business Consolidators Corp. a letter advising the Company that it failed to comply with certain reporting responsibilities required by the Securities Exchange Act of 1934.  The letter directed AccreditedBiz to file its delinquent reports within fifteen (15) days of the date of the letter.  The letter stated that, in the event AccreditedBiz fails to file its delinquent reports, the Securities and Exchange Commission may choose to initiate proceedings to revoke the Company's registration and/or issue a trading suspension for the stock.

AccreditedBiz did not receive the letter until several days after it was sent.  Once the office in Doylestown, Pennsylvania, received the communication, it forwarded the letter to management.  On February 23, 2011, AccreditedBiz sent a communication to the Securities and Exchange Commission advising that it was impossible to comply with the fifteen day deadline.  AccreditedBiz asked the Securities and Exchange Commission to grant an extension of time until April 14, 2011, to have the delinquent reports filed. 

AccreditedBiz advised the Securities and Exchange Commission that it recognized its responsibility to file its reports.  The Company explained that it filed audited annual reports for the periods of 1997 through 2007.  In addition, AccreditedBiz notified the SEC that its most recent quarterly report was filed and that the report provided shareholders with an understanding of the Company's financial position and its business plan.

AccreditedBiz has no intention of entering into any stipulation with the Securities and Exchange Commission that would consent to a revocation of the Company's registration.  Rather, in the event the SEC chooses to deny the request for an extension and instead initiates proceedings, we would contest the matter and exhaust all administrative and judicial remedies.  We believe that if the SEC initiates proceedings against us, they would ultimately be rendered moot by a correction of the deficiency. 

AccreditedBiz is unaware of whether the communication from the Securities and Exchange Commission was prompted by a complaint from a purported shareholder or is part of the SEC's routine review of delinquent companies.  In either case, the Company will continue its practice of strictly complying with Regulation FD rules and will communicate with shareholders and potential shareholders only through forums that enable access to the information to all persons at the same time.

Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.


This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements.

Dated:   February 23, 2011

ACCREDITED BUSINESS CONSOLIDATORS CORP.

By: /s/ Andy William
Andy William
Vice President

       
          Twitter:  accreditedbiz
          web:  www.accreditedbiz.com
          fax:  1-267-371-5168