ST. PETERSBURG, Fla.,
May 1, 2012 /PRNewswire/
-- American Community Development Group, Inc. (the "Company")
(OTC Pinksheets: ACYD) announced that on Monday, April 23, 2012, the Company was advised
by the Delaware Division of Corporations (the "Division") that a
proposed amendment to the Company's Certificate of Incorporation
has been accepted for filing with the Division. A copy of the
Certificate of Amendment of Certificate of Incorporation will be
attached as Exhibit "A" to this press release when uploaded and
filed with OTC Markets Group, Inc.
The principal features of the amendment include an increase to
the number of authorized shares of common stock of the Company to
500,000,000 shares (par value $0.0001
per share). Also, the Company is now authorized to issue up
to 75,000,000 shares of preferred stock (par value $0.0001 per share). The Company Board of
Directors is expressly granted the authority to divide any or all
of the preferred stock into series and to fix and determine the
relative preferences of the shares of each series established,
subject to certain limitations set forth in the amendment.
Please see the Certificate of Amendment of Certificate of
Incorporation for the full text of the amendment.
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
SOURCE American Community Development Group, Inc.
