The Italian Oven Inc. Submits Documents to Reduce Authorized Common Shares to 450,000,000 and to Change Its Name to

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Mon Oct 5, 2009 6:06am EDT 

  DOYLESTOWN, PA, Oct 05 (MARKET WIRE) -- 
The Italian Oven, Inc. (PINKSHEETS: IOVE) today sent the necessary
paperwork to the Pennsylvania Secretary of State to reduce the authorized
number of common shares to 450,000,000 and to change the company's name
to Accredited Business Consolidators Corp. We expect approval within one
week.

    The total number of common shares outstanding is 436,399,500, and this
number will not increase for at least six months from the date the
Secretary of State accepts the name change. 328,018,200 shares are free
trading, while 70,546,600 shares are restricted in certificate form, and
37,834,700 shares are unrestricted but in certificate form.

    Once the name change occurs, IOVE will submit the necessary documents to
the Financial Industry Regulatory Authority (FINRA) for a new stock
symbol. We will propound the paperwork as soon as possible.

    "We're looking forward to the paperwork being out of the way so we can
disclose our plans for the future and focus attentively on the businesses
that moved in and are moving in to our company," Andy William, Vice
President for International Mergers and Acquisitions stated.

    ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.

    The Italian Oven Inc., soon to be Accredited Business Consolidators Corp.,
is a diversified holding corporation which will assist its affiliates grow
with the intention of releasing the majority to the Company's shareholders
upon sufficient development. Visit our website (under construction) at
www.theitalianoveninc.com for information on our affiliated companies.

    This is not an offer to buy or sell securities. Statements made are
forward-looking statements 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.

    

Contact:

Investor Relations
The Italian Oven, Inc.
ir@theitalianoveninc.com
267-864-7737
Fax:  267-371-5168
Twitter:  italianoven

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