TAMPA, Fla., April 5, 2011 /PRNewswire/ -- American Community Development Group, Inc. (OTC Pinksheets: ACYD) today announced that it has received a bridge financing installment from ACAP Financial Inc., the financial advisory firm of the Company.
About ACAP Financial, Inc.
Located in Salt Lake City, Utah, ACAP provides capital solutions for emerging growth companies. We locate these companies through a network of business consultants, law firms, public accounting firms and referrals from previous clients. Small to medium-sized companies seeking equity capital to execute business plans and expand products or services are evaluated. ACAP targets companies with an experienced management team, existing revenue and potential for obtaining a large market share within their industry. We are especially interested in companies that have a "disruptive industry business plan" that will dramatically change or create a new market niche within an industry.
The Company will use the financing to acquire additional properties and immediately increase projected annual gross revenues to $500k. The Company recently drew $25,000.00 dedicated to specific property transactions which will continually grow the existing property portfolio.
American Community Development Group, "The Company", was founded as a real estate investment company to acquire properties at advantageous prices during the current market down trend. We then increase shareholder value and revenue by using the properties to house the clients of existing non profits groups or other agencies because of the almost unlimited demand for housing.
"We are excited to work with other groups in expanding our resources" stated John Folger, President of American Community Development Group. "We are currently acquiring interests in multi-family homes, affordable housing, and other high occupancy commercial real estate properties, all while helping members of our community," he continued. "This approach sits well with both the community and our shareholders."
A second focus of The Company is to create jobs suitable to these same disadvantaged citizens, further supporting social wellbeing and entrepreneurship. "With the economy's continued downward trend, American Community Development will invest in, or purchase, businesses that offer ongoing employment," Mr. Folger added.
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, consult with 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.
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SOURCE American Community Development Group, Inc.