American Community Development Group, Inc.
Announces Acquisition of Multiple Housing Units
July 15, 2010 08:33 AM Eastern Daylight Time
TAMPA, Fla.--(EON: Enhanced Online News)--American Community Development Group, Inc. (Pink Sheets:
ACYD) announced today that, effective September 30, 2009, it acquired multiple housing units that will shelter up to
24 ex-offenders and other individuals. The initial agreement is expected to generate about $120,000 in recurring
annual revenue. “We will add additional properties, thereby rapidly increasing cash flow while reducing overhead
expenses through consolidation,” stated John Folger, President and CEO.
American Community Development Group, Inc. (ACDG) is a for-profit corporation founded to provide economic
support and management guidance to the nonprofit community. “We believe in the concept of ‘Social
Entrepreneurship’,” stated Jeffrey Staller, President of Heritage Corporate Services. “We have the task and privilege
of assisting the non-profit community while also creating strong economic returns on capital.”
ACDG has chosen this growth field because it offers constant expansion and a socially conscious application,
focusing on the talents of the founders. ACDG has signed agreements with non-profits that are providers of various
services while also operating missions for the homeless, veterans, ex-offenders, drug and alcohol programs, and
housing facilities for other disadvantaged persons in the Tampa Bay, Florida area.
“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, including apartments and mobile home parks. We will dramatically increase cash flow
through greater population density combined with efficien