American Community Development Group (Pink Sheets:ACYD)

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American Community Development Group Initiates Joint Venture With West Coast Serenity House, Adds 7 More Properties and 50 Clients

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{"s" : "acyd.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: American Community Development Group, Inc. On Tuesday October 12, 2010, 10:00 am EDT

TAMPA, Fla., Oct. 12, 2010 (GLOBE NEWSWIRE) -- American Community Development Group, Inc. (Pink Sheets:ACYD - News) today has announced that it has concluded a Joint Venture agreement with West Coast Serenity House, an established and successful drug and alcohol recovery program operator and housing provider in St. Petersburg, Florida.



As a Joint Venture partner, West Coast Serenity House offers a terrific model for the continued expansion of the affordable housing efforts of The Company as it implements its growth strategy towards ownership of 1000 housing units by the end of 2012. This expansion will greatly reflect on the ability of ACYD to offer quality social services and program support to clients that wish to become rehabilitated and successful taxpaying citizens, despite their disadvantages and challenges.



According to John Folger, the President and CEO of ACYD, "this key relationship is an integral building block to our active consulting, funding and implementation plan as we incorporate a broad range of social service providers that can convert the extensive loss of economic and human capital into a useful resource." He adds that "the losses created by the wasted talent and labor of these individuals cost our society tens, if not hundreds, of billions of dollars annually, so the successful transition of these people makes economic sense for our shareholders, our communities and our country."



According to Christine Mangels, The Director of West Coast Serenity House, "we were seeking an economic partner that not only understood our mission and goals, but that could advance and leverage our core capabilities by providing capital, housing and economic advantages, such as job creation. We are already discussing the start of several business ventures to create more employment opportunities."



American Community Development Group, "The Company," was founded to offer financial support and management guidance to the nonprofit community; including organizations struggling with economically distressed citizens. "We are excited to work with other groups in expanding our resources to benefit the lower-income and rehabilitated population of the United States," stated John Folger, President of American Community Development Group. "We are currently acquiring interests in multi-family homes, affordable housing, and other high occupancy commercial real estate properties, all while helping members of our community," he continued. "This approach sits well with both the community and our shareholders."



The second focus of The Company is to create jobs suitable to these same disadvantaged citizens, further supporting social wellbeing and entrepreneurship. "With the economy's continued downward trend, American Community Development will continue to fill the need to help the increasing impoverished population by investment into, or purchase of, businesses that offer ongoing employment," Mr. Folger added, "We are very active within the philanthropic community and plan to use our resources to assist the underserved populations."



For more information please visit our website at .



About American Community Development Group



American Community Development Group (Pink Sheets:ACYD - News) is a hybrid social business model founded by a group of experienced professional managers and principals that acquire or fund businesses, consult with the nonprofit community, and purchase real estate and affordable housing properties for the purpose of housing and employing individuals and families in crisis or challenge. The properties include single and multi family homes, apartments, hotels, and mobile home parks. The Company intends to control over 1000 units, housing 6000 persons, by the end of 2012.

[GangGreen]

American Community Development Group Inc. Offers Shareholder Update


TAMPA, Fla., July 2, 2011 /PRNewswire/ -- American Community Development Group, Inc. (OTC Pinksheets: ACYD) today announced that it will update its quarterly financials.

The management of the company has focused their efforts on building the housing portfolio and expanding nonprofit relationships to broaden client capacity. This effort will be essential as the company continues to expand beyond the current 14 properties.

The company will also provide current capital structure information to Pinksheets and authorize the transfer agent to confirm our status with any legitimate shareholder inquiry. The company believes that these actions will provide complete transparency regarding its status. The company will continue in its plan to become fully reporting and has no plans for any type of share restructure or reverse splits.

American Community Development Group, "The Company", was founded as a real estate investment company in the Tampa Bay, Florida market. We intend to acquire properties at tremendously discounted prices during the current market down trend. The Company has also received offers to expand its pilot operations in other markets where distressed real estate prices are prevalent. We then increase shareholder value and revenue by using the properties to house the clients of existing nonprofits groups or other agencies.

A typical 3 bedroom property generates over $30,000 annually in gross revenues because of the extremely high demand for transitional housing. This compares to an average rental income of about $12,000 for a similar property with a traditional tenant.

According to John Folger, President of American Community Development Group, "We are currently acquiring interests in single and multi-family homes, affordable housing, and other high occupancy commercial real estate properties, all while helping members of our community," he continued. "This approach sits well with both the community and our shareholders because we work directly with the nonprofit community to house their clients. This model keeps our properties fully occupied."

For more information please visit our website at .

About American Community Development Group

American Community Development Group (OTC Pinksheets: ACYD) is a hybrid social business model founded by a group of experienced professional managers and principals that acquire or fund businesses, consult with the nonprofit community, and purchase real estate and affordable housing properties for the purpose of housing and employing individuals and families in crisis or challenge. The properties include single and multi family homes, apartments, hotels, and mobile home parks.

Safe Harbor Statement

About Forward-Looking Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the housing market, capacity to collect revenues, competition, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

[GangGreen]