Wall Street Reporter, Inc. Interviews John Folger, President and CEO of American Community Development Group, Inc.
Date : 06/20/2012 @ 3:29PM Source : PR Newswire Stock : American Community Dev (PC) (ACYD) Quote : 0.0035 0.0003 (9.37%) @ 2:28PM
ST. PETERSBURG, Fla., June 20, 2012
ST. PETERSBURG, Fla., June 20, 2012 /PRNewswire/ -- American Community Development Group, Inc. (ACYD.PK) is very pleased to announce that John Folger, President and CEO, was interviewed this afternoon by Wall Street Reporter (WSR) Senior Analyst Juan Costello. The interview provides an overview of the Company and a status update. This interview is a follow up to the original call that was recorded about 2 years ago and covers recent developments, many of which were reviewed during the recent CEO conference call.
Some of the highlights include the analysis to purchase several larger commercial properties, the types of businesses being considered as acquisition targets, shareholder participation in the private placement and management focus on maintaining control over the common stock dilution.
John Folger, the CEO stated, "it was a pleasure to get the follow up call for this interview as a result of the recent conference call to our shareholders. Apparently the subjects discussed in the call brought us some increased attention from new shareholders and investors and we hope that interest will convert to positive increases in market cap value as we begin the execution of the business plan."
The Wall Street Reporter is an established and important information source for public companies. The interview will be available to their global investor audience, which includes fund managers, stockbrokers, analysts, and investment bankers, as well as sophisticated individual investors.
About American Community Development Group, Inc.American Community Development Group, Inc. 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 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.
Affordable Housing"We are acquiring interests in multi-family, affordable housing and other high occupancy commercial real estate properties. We will break new ground as a national provider of these affordable housing services by specializing in residents that have been previously under-served. As a for-profit company, we have the ability to acquire, renovate and manage group housing, primarily apartments and mobile home parks. We will dramatically increase cash flow through greater population density combined with efficient and professional property management," Folger related.
Job Creation is Profitable EnterpriseThe second focus of ACDG is to create jobs appropriate to the same disadvantaged citizens further supporting social entrepreneurship. These jobs will be created in various enterprises that require minimal capital versus their return through profits. The enterprise will be created through acquisition of profitable businesses or the launching of franchise type businesses that meet the employment and profitability criteria.
ACDG is creating multiple non-profit relationships nationally that have an ongoing need for both housing and job creation, and have government assisted agreements to assist in placement of disadvantaged citizens. ACDG projects 90% occupancy rates can be accomplished over a 90 day period with each new property acquired.
The corporate principals of ACDG are experienced property developers and managers on a national level in residential/commercial real estate. They also have a wealth of experience in emerging growth of public and private entities, capital markets, and merger/acquisition strategies.
Mission Statement Rebuilding America, One Life at a Time!
About The Wall Street Reporter, Inc.Wall Street Reporter http://www.wallstreetreporter.com is a multi-media financial research and publishing company reporting to the investment community on publicly held companies since 1843. Our very large following of sophisticated private and institutional investors confidently looks to us to identify promising under-valued small and micro cap opportunities before the rest of the market finds them. Today our reach into the investment community has expanded across markets and continents to include print, web, audio, streaming video, email alerts, electronic and syndicated news story distribution (including FOX and MSNBC, Money Central, Investing/Business Week), investor conferences, and CFA analyst coverage. Our print and web media offers investors commentaries and interviews with A-List money managers and analysts found in few other financial news and media channels.
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.