TAMPA, Fla., Sept. 7, 2011 /PRNewswire/ -- American Community
Development Group, Inc. (OTC Pinksheets: ACYD) today announced that
it has concluded leases on 3 more properties. Occupancy of 20
clients expected over the next 2 weeks. Increased revenue of
$130,000.00 annually expected.
Company management intends to aggressively integrate these new
properties into our operations system and to add more capacity over
the next 6 to 18 months.
The Company has also received inquiries from private investment
groups from several other parts of the country asking our
assistance in continued development of transitional housing from
their local stock of distressed housing.
Since 2008, American Community Development Group, Inc. (ACYD.PK)
is a socially responsible public company that specializes in real
estate investment. We create and sponsor affordable and
transitional housing and job creation programs for the nonprofit
community and are currently focused on the Florida West Coast. We
have positively affected hundreds of lives including, but not
limited to, Florida. Our expansion
plans include other regional and national affiliations.
"The Company", was founded as a real estate investment company
in the Tampa Bay, Florida market.
We intend to acquire properties at tremendously discounted prices
during the current market down trend. The Company has also received
offers to expand its pilot operations to other markets where
distressed real estate prices are prevalent. We then increase
shareholder value and revenue by using the properties to house the
clients of existing nonprofits groups or other agencies.
Our revenue model uses a typical 3 bedroom property to generate
over $30,000 annually in gross
revenues because of the extremely high demand for transitional
housing. This compares to an average rental income of about
$12,000 for a similar property with a
traditional tenant.
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, act as consultants to 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.
