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American Community Development Group Bids on $4 Million of Real Estate

^{Published on 2010-08-12 05:46:01 - Market Wire}
 

TAMPA, Fla.--([ BUSINESS WIRE ])--American Community Development Group, Inc. (the Company) (Pink Sheets: ACYD) announced today that they have engaged in more than 7 bids for commercial properties located in and around the St. Petersburg, Florida, area. With the bids totaling over $4 million, the Company is quickly expanding its real estate portfolio after updating all their current financials and attaining the rank of afully transparenta™ from the OTC Markets/Pinksheets community. aAfter months of hard work and careful due diligence, we have found a number of properties that fit our investment criteria and we will be actively pursuing these properties until their closing,a stated John Folger, President of American Community Development Group. aThe Company is working with various Governmental agencies to satisfy the tremendous demand to place veterans, drug and alcohol dependent clients, ex-offenders and children who are aging out of foster care,a he continued.

"After months of hard work and careful due diligence, we have found a number of properties that fit our investment criteria and we will be actively pursuing these properties until their closing"

These selected properties are capable of housing up to 300 individuals and could bring an additional $2.1 Million in recurring yearly revenue. aThese are just a few of the many properties we have started bidding on and we expect to acquire many more with the continuing dip in the housing market,a Folger continued.

In addition, the Company has been upgraded by the OTC community to a tier of aPink Sheets, Current Information,a as all financials have been submitted and approved by the OTC governing community. aWe are looking forward to increasing our investor awareness as we facilitate the concept of social entrepreneurship by benefiting the community while making an excellent return,a stated Jeffrey Staller, President of Heritage Corporate Services, Inc. The Company is expecting to make additional offers within the next few weeks as new properties become available.

Please visit [ www.AmericanCommunityDevelopmentGroup.com ] for more details about these transactions.

Affordable Housing

aWe are acquiring interests in multi-family, affordable housing and other high occupancy commercial real estate properties. We will break new ground as a national provider of these affordable housing services by specializing in residents that have been previously under-served. As a for-profit company, we have the ability to acquire, renovate and manage group housing, primarily apartments and mobile home parks. We will dramatically increase cash flow through greater population density combined with efficient and professional property management,a Folger related.

Job Creation is Profitable Enterprise

The second focus of ACYD is to create jobs appropriate to the same disadvantaged citizens further supporting social entrepreneurship. These jobs will be created in various enterprises that require minimal capital versus their return through profits. The enterprises will be created through acquisition of profitable businesses or the launching of franchise type businesses that meet our employment and profitability criteria.

ACYD is creating multiple non-profit relationships nationally that have an ongoing need for both housing and job creation, and have government assisted agreements to assist in placement of disadvantaged citizens. ACYD projects 90% occupancy rates can be accomplished over a 90 day period with each new property acquired.

The corporate principals of ACYD are experienced property developers and managers on a national level in residential/commercial real estate. They also have a wealth of experience in emerging growth of public and private entities, capital markets, and merger/acquisition strategies.

Mission Statement

Rebuilding America, One Life at a Time!

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the companya™s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the companya™s domestic and international operations, imprecision in estimating product reserves and the companya™s ability to replace and expand its holdings.