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Friday, September 02, 2011 12:17:10 AM
American Community Development Group Adds to Advisory Team
Date: 09/01/2011 @ 10:30AM
Source: PR Newswire
Stock: (ACYD)
Quote: 0.0241 0.0011 (4.78%) @ 3:53PM 9/1/2011
LINK TO NEWS
American Community Development Group, Inc. (OTC Pinksheets: ACYD) today announced that it is pleased to add qualified operators of transitional housing to the advisory and operations team.
Mr. William Kaborycha and Ms. Christine Mengals were the original founders of West Coast Serenity House and developed their successful drug and alcohol program from a single property to over 7 transitional housing units. They are also assisting the Company to expand its relationships with various government, private and nonprofit agencies, which will increase the number of clients served and revenue.
Management believes that our recent property additions will require specific experience to manage the continued growth and expansion opportunities presented. Cost control and operations management are critical during this period.
The addition of 36 more residents to the current capacity increases revenues as we get closer to profitability and prepare to become an audited and reporting company on the Pinksheets.
Since 2008, American Community Development Group, Inc. (ACYD.PK) is a socially responsible public company that specializes in real estate investment. We create and sponsor affordable and transitional housing and job creation programs for the nonprofit community and are currently focused on the Florida West Coast. We have positively affected hundreds of lives in the Tampa Bay area of Florida. Our expansion plans include other regional and national affiliations.
"The Company", was founded as a real estate investment company in the Tampa Bay, Florida market. We intend to acquire properties at tremendously discounted prices during the current market down trend. The Company has also received offers to expand its pilot operations to other markets where distressed real estate prices are prevalent. We then increase shareholder value and revenue by using the properties to house the clients of existing nonprofits groups or other agencies.
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