American Community Development Group, Inc Receives Funding Commitment of Up to $1 million and Files Required Form D

ST. PETERSBURG, Fla., May 16, 2012 /PRNewswire/ -- American Community Development Group, Inc. (the "Company") (OTC Pinksheets: ACYD.PK) is pleased to announce that it has received a funding commitment of up to $1 million from a private equity fund that can be drawn for working capital and acquisitions over the next year.

The Company has recently drawn $50,000 in the first installment to secure legal, accounting and short term working capital requirements.

The priority for the use of proceeds is to expand revenue and cash flow. These funds are earmarked for the completion of commercial real estate acquisitions that will add increased capacity for its transitional housing programs and the continued evolution of several business development projects. There are also corporate acquisitions, previously announced, that are being finalized.

This financing is an integral part of the accelerated efforts of the company to complete its audits, complete all legal and other requirements in order to qualify for a QX listing.

The Company is also in separate negotiations for additional capitalization that is acquisition and merger specific for those larger projects contemplated.

As the Company moves forward to current status on Pinksheets, there will be announcements regarding additional relationships that have been under development and negotiation.

Management is also taking steps to better understand the trading of its stock in the market.  The Company will initiate a regular review of the DTC, shareholder and NOBO lists and arrange to have those analyzed by competent advisors and or securities attorneys to understand the narrow trading stock range despite purchase or sale demand and volume. The Company recently instructed its transfer agent, Cleartrust LLC, to discontinue providing share structure info to callers representing themselves as shareholders as we have been advised that this open access to share structure is a tool that might be used by professional shorters.

Since 2008, American Community Development Group, Inc. (ACYD) has been a socially responsible public company that specializes in profitable real estate investments by acquiring distressed property and then using these properties as transitional housing centers for 501c3 nonprofit clients. The Company generates increased profitable rental income by housing clients that are sponsored into such programs as drug and alcohol rehabilitation, ex-offenders, homeless, HUD, government assistance and veterans.

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 including, but not limited to, Florida. Our expansion plans include other regional and national affiliations.

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 company'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 company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.

SOURCE American Community Development Group, Inc.