PR Newswire

TAMPA, Fla., Feb. 23, 2012

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.