TAMPA, Fla., April 8, 2011 /PRNewswire/ -- American Community Development Group, Inc. (OTC Pinksheets: ACYD) today announced that it has added additional housing by utilizing a bridge financing installment from ACAP Financial Inc., the financial advisory firm of the Company.
The Company recently acquired leased property to house multiple clients which are expected to generate over $30,000.00 in additional revenue annually. These revenues are consistent with the current growth model of the Company, which is anticipated to exceed $500,000.00 and operational profitability by the end of this fiscal year.
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 nonprofits groups or other agencies.
According to John Folger, President of American Community Development Group, "We are currently acquiring interests in single and 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 because we work directly with the nonprofit community to house their clients. This model keeps our properties fully occupied."
For more information please visit our website at www.AmericanCommunityDevelopmentGroup.com.
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.
For more information please visit their website at www.acap-financial.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.
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.
SOURCE American Community Development Group, Inc.