TAMPA, FL -- (Marketwire) -- 01/24/13 -- American Community Development Group, Inc. (PINKSHEETS: ACYD) In the second week of rebuilding the company's management capability, American Community Development Group Inc. announces it has retained the investment banking firm Street Capital and has launched their new business model that is summarized on ACYD's web site.
Retaining Street Capital is the first accomplishment that insures ACYD's successful execution of the new business model. The second accomplishment is ACYD, through Street Capital's efforts, has begun a liabilities transaction that satisfies the majority of ACYD's liabilities. After the transaction is completed, ACYD's improved balance sheet will greatly enhance ACYD's financial position. Street Capital's broad range of service offerings will provide ACYD with the necessary tools required to not only launch the new business model, but sustain its growth into the foreseeable future.
The new business model reflects ACYD's continual commitment to incorporate "social responsibility" to portions of the affordable housing industry and as a Holding Company, acquire businesses that indicate significant revenue contributions potential. ACYD will now also provide select transitional housing program services directly to the clients by way of our new innovative secondary recovery program. The Company's clients include those that are received from not for profit's primary recovery programs so that they are able to again become self sufficient while being in an environment that is conducive to accomplish this. Hotels are the preferred multi-family property to house ACYD's clients in the new business model. For more details on the new business model, visit ACYD's web site, www.acdginc.com, and select the revised Investor Relations tab. The remainder of ACYD's web site and other publically available company descriptions will be updated as time permits.
ACYD will issue press releases as they achieve their goals in moving the company forward on behalf of both the company and its shareholders. Also, Cleartrust, ACYD's transfer agent, encourages ACYD's shareholders to please report their current contact information including address, phone number(s) and email address to inbox@cleartrusttransfer.com.
About Street Capital
Street Capital is a privately owned, cutting edge investment banking firm concentrating on providing unique and creative financial solutions to promising public companies. Their services consist of capital raising, strategic advisory, due diligence and private securities sales. They have specialized in funding small and micro-cap companies since 2001. Visit their web site at www.scapital.com.
About American Community Development Group, Inc .
American Community Development Group, Inc. is a for-profit corporation restructuring for profitability to provide ACYD's programs to various economically distressed citizens. ACYD believes in the concept of "social entrepreneurship" as stewards of our investors' and our own resources while also creating strong economic returns on the Company's capital.
ACYD, in its capacity as a Holding Company, will acquire regional or national businesses that indicate significant revenue contributions potential. ACYD will acquire assets in local businesses, multi-family, affordable housing and other high occupancy commercial real estate properties. The Company reaffirms its commitment to break new ground as a national provider of affordable housing services, doing so by specializing in directly serving client residents that have been previously under-served.
American Community Development Group, Inc.
Investor Relations Contact:
David Gray
COO/CFO
(813) 482-9650, Ext. 201
dgray@acdginc.com
