NEWS JUST OUT, THEY (ACYD) ARE SERIOUS!
American Community Development Group Adds to Advisory Team
Founders of Transitional Housing Programs to Assist Corporate Expansion
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{"s" : "acyd.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: American Community Development Group, Inc. On Thursday September 1, 2011, 10:30 am
TAMPA, Fla., Sept. 1, 2011 /PRNewswire/ -- 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.
For more information please visit our website at
www.AmericanCommunityDevelopmentGroup.com.
About American Community Development Group
American Community Development Group (OTC Pinksheets: ACYD) is a hybrid social business model founded by a group of experienced professional managers and principals that acquire or fund businesses, act as consultants to the nonprofit community, and purchase real estate and affordable housing properties for the purpose of housing and employing individuals and families in crisis or challenge. The properties include single and multi family homes, apartments, hotels, and mobile home parks.
Safe Harbor Statement
About Forward-Looking Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the housing market, capacity to collect revenues, competition, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
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