ST. PETERSBURG, Fla.,
June 7, 2012 /PRNewswire/
-- American Community Development Group, Inc. (the "Company")
(OTC Pinksheets: ACYD.PK) is providing the updated share structure
to our investors.
The Company recently changed its policy of providing open access
to the transfer agent on a daily basis because it had been advised
that this information was not being released to the general public.
Management is considering the release of the share information on a
monthly basis.
The majority of the shares recently issued pertain to previous
financing, all of which have been postponed or discontinued by the
Company. These are the numbers for the end of the month as
submitted directly by our transfer agent.
As of May 31st, 2012 was:
Issued & Outstanding Shares: 171,976,213
Restricted Shares: 57,648,997
Un-Restricted Shares: 114,327,216
"FLOAT" - Shares in Street: 87,513,821
The Company recently increased its authorized number of shares
from 115 million to 500 million, but at 171 million is still
considered to be on the lower conservative range when considered
against many other entities, some of which are measured in
billions.
The Company also held a limited investor conference call this
afternoon and is considering a public shareholder conference call
next week, which would be announced separately.
Since 2008, American Community Development Group, Inc. (ACYD)
has been a socially responsible public company that specializes in
profitable real estate investments by acquiring distressed property
and then using these properties as transitional housing centers for
501c3 nonprofit clients. The Company generates increased profitable
rental income by housing clients that are sponsored into such
programs as drug and alcohol rehabilitation, 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 thousands of lives including,
but not limited to, Florida. Our
expansion plans include other regional and national
affiliations.
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.
SOURCE American Community Development Group, Inc.