TAMPA, Fla., Feb. 23, 2012 /PRNewswire/ -- American
Community Development Group, Inc. (OTC Pinksheets: ACYD) today is
very pleased to announce that Mitchell
Freifeld is joining the Company in the new position of
President of the newly formed Acquisition Group. This team is
charged with the evaluation, implementation and financing of
various business enterprises, real estate portfolios and other
merger or acquisition candidates. He will bring his
experienced team of accounting, finance and legal professionals to
assist in the corporate growth and expansion of American Community
Development Group, Inc.
Mitch is an exceptional entrepreneur with a very diverse track
record of success. He is a famous national real estate expert,
having co-founded and built Global Mortgage into a 400-office
powerhouse operating on 41 states to become the third largest
mortgage processor in the country, generating over $5 Billion in loans annually. His efforts have
been responsible for the acquisition and financing of over 45,000
homes nationwide.
Prior to creating Global Mortgage, Mitch was COO for a division
of US Homes, the family business. In this capacity he was
responsible for taking a division public and structuring the IPO.
He was also the lead executive responsible for selling the entire
company of US Homes to Lennar for $1.2
Billion.
Through the efforts of Mitch and his team, the company expects
to expand its financial equity and debt capital base to exceed
$25 million to acquire businesses and
specific real estate interests on a national basis. We also
anticipate that we may potentially multiply the number of
shareholders among sophisticated investors, brokers and money
managers.
Since 2008, American Community Development Group, Inc. (ACYD.PK)
is 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 program clients such as drug and alcohol rehab,
Alcoholics and Narcotics anonymous, 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 hundreds of lives including, but
not just limited to Florida. Our
expansion plans include other regional and national
affiliations.
American Community Development Group, Inc. (ACDG) is a
for-profit corporation founded to provide economic support and
management guidance to the non-profit community 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.
ACDG has chosen this growth field because it offers stable
growth and a socially conscious application of the talents of its
founders. ACDG has signed agreements with non-profits that have
been providers of services and operate missions for the homeless,
ex-offenders, drug and alcohol programs and housing facilities for
other disadvantaged persons in the Tampa
Bay, Florida area.
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.
http://americancommunitydevelopmentgroup.com
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SOURCE American Community Development Group, Inc.
