ST. PETERSBURG, Fla., March 22, 2012 /PRNewswire/ -- American Community Development Group, Inc. (OTC Pinksheets: ACYD) announced today that it is exploring the logistics to become a holding company with diversified divisions that can create significant revenues and EBITDA thru its initial acquisitions and anticipated organic growth. The Company has started to deliver equity in anticipation of the financing required for anticipated acquisitions and the necessary inducements for an expanded management team.
John Folger, President of American Community Development Group, Inc., stated that, "The re-structuring will allow the company to accelerate the development of our business model quickly while expanding real revenues and profits and increased shareholder value."
"By targeting larger and complementary enterprises for acquisition, ACYD will position itself for swift but calculated expansion," Folger said.
Folger also declared that by creating a holding company, ACDG would be able to justify an appropriately qualified Board of Directors as well as continue the current expansion of senior management staff with more specific announcements in the very near future.
Ron Brewer, the head of Southbridge Advisory Group (SAG), is consulting in this exploration on behalf of the American Community Development Group. His team of merger and acquisition experts will also be assisting in the continued expansion of the corporate management team. More information is available at www.southbridgegroup.biz.
Since 2008, American Community Development Group, Inc. (ACYD) has been a socially responsible public company that specializes in profitable real estate investments by purchasing distressed property. We then offer these transitional housing centers to 501c3 nonprofit clients that are sponsored into such programs as drug and alcohol rehabilitation, ex-offenders, homeless, HUD, government assistance and veterans. By utilizing properties that are acquired at huge discounts due to the distressed housing market, the company and its investors are able to generate almost a 100% increase over traditional tenants.
We also create and sponsor job creation programs for the nonprofit community and are currently focused on the Florida West Coast. We have positively affected thousands of lives in Florida and throughout the United States. Our expansion plans include other regional and national affiliations.
American Community Development Group, Inc. is a for-profit corporation founded to provide economic support and management guidance to the non-profit community in order to assist their support of various economically distressed citizens. We believe in the concept of "social entrepreneurship" as stewards of our investors' and our own resources while also creating strong economic returns on capital.
The Company has chosen this growth field because it offers stable growth and a socially conscious application of the talents of its founders. We have signed agreements with non-profits that have been providers of services and operate missions and facilities for the homeless, ex-offenders, drug and alcohol programs and housing facilities for other disadvantaged persons in the Tampa Bay, Florida area.
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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.
SOURCE American Community Development Group, Inc.