WhereverTV, Inc. acquired Accelerated Building Concepts Corporation (OTCPK:ABCC) in a reverse merger transaction on May 24, 2012. Under the terms of the agreement, WhereverTV, Inc. acted as the accounting acquirer and acquired 2.6 billion newly issued shares of Accelerated Building, constituting approximately 76% of the total outstanding shares of Accelerated Building. Additionally, at the closing, Accelerated Building accepted subscriptions in the amount of $0.40 million for shares of Accelerated Building's common stock at the purchase price of $0.005 per share. An additional $0.10 million is due within 60 days following the day Accelerated Building files the necessary information on OTCQB to upgrade its trading on OTCQB to OTC Pink Current or higher. Additionally, on May 24, 2012, a majority of the shareholders of Accelerated Building voted to increase the authorized shares of Accelerated Building from 25 million to 3.5 billion and also change the name of the company to WhereverTV Broadcasting Corporation. As a part of the transaction, Board of Directors of Accelerated Building was reconstituted by the resignation of Douglas Ward from his role as the Director, President, Secretary and Chief Executive and Financial Officer of Accelerated Building and the appointment of Mark Cavicchia as the Chief Executive Officer Treasurer, Secretary and Director of Accelerated Building and Thomas Curran and James Sung as Directors of Accelerated Building. The transaction has been approved by the Board of Directors of WhereverTV and Accelerated Building. As a condition to the transaction, Accelerated Building commenced a bankruptcy proceeding under chapter 7 of title 11 for its subsidiary New Century Structures, Inc. The transaction is subject to completion of financing, completion of private placement, approvals of third party, lenders, creditors, vendors, consummation of due diligence. WhereverTV, Inc. completed the acquisition of Accelerated Building Concepts Corporation (OTCPK:ABCC) in a reverse merger transaction on May 25, 2012. Upon consummation of the transaction, Accelerated Building adopted the business plan of WhereverTV. Also, all necessary actions have been taken to ensure the transaction is treated as a tax free exchange.