Wialan Technologies Inc (WLAN)

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American Community Development Group Inc. Offers Shareholder Update

TAMPA, Fla., July 2, 2011 /PRNewswire/ -- American Community Development Group, Inc. (OTC Pinksheets: ACYD) today announced that it will update its quarterly financials.

The management of the company has focused their efforts on building the housing portfolio and expanding nonprofit relationships to broaden client capacity. This effort will be essential as the company continues to expand beyond the current 14 properties.

The company will also provide current capital structure information to Pinksheets and authorize the transfer agent to confirm our status with any legitimate shareholder inquiry. The company believes that these actions will provide complete transparency regarding its status. The company will continue in its plan to become fully reporting and has no plans for any type of share restructure or reverse splits.