American Community Development Group Continues Restructure Towards Holding Company and Reporting Status

ST. PETERSBURG, Fla., May 2, 2012 /PRNewswire/ -- American Community Development Group, Inc. (the "Company") (OTC Pinksheets: ACYD) announced that on Monday, April 23, 2012, the Company was advised by the Delaware Division of Corporations (the "Division") that a proposed amendment to the Company's Certificate of Incorporation has been accepted for filing with the Division.  A copy of the Certificate of Amendment of Certificate of Incorporation will be attached as Exhibit "A" to this press release when uploaded and filed with OTC Markets Group, Inc.

The principal features of the amendment include an increase to the number of authorized shares of common stock of the Company to 500,000,000 shares (par value $0.0001 per share).  Also, the Company is now authorized to issue up to 75,000,000 shares of preferred stock (par value $0.0001 per share).  The Company Board of Directors is expressly granted the authority to divide any or all of the preferred stock into series and to fix and determine the relative preferences of the shares of each series established, subject to certain limitations set forth in the amendment.  Please see the Certificate of Amendment of Certificate of Incorporation for the full text of the amendment.

The share structure changes will allow the company to have the corporate equity and capital available to conclude several acquisitions that are currently under review.

The Company has also retained a well seasoned and qualified SEC accounting firm to begin the corporate audit process. Peter Messineo, CPA, is an experienced auditor and has handled the accounting and auditing requirements for more than 60 companies over the last 25 years.

According to John Folger, CEO/President, "These changes in the corporate capital structure and the initiation of the audit process are corporate actions that will continue our path to application for a reporting status and eventual qualification to a QX listing as previously disclosed."

Since 2008, American Community Development Group, Inc. (ACYD) has been a socially responsible public company that specializes in profitable real estate investments by acquiring distressed property and then using these transitional housing centers for 501c3 nonprofit clients. The Company generates increased profitable rental income by housing clients that are sponsored into such programs as drug and alcohol rehabilitation, 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 thousands of lives including, but not limited to, Florida. Our expansion plans include other regional and national affiliations.

Mission Statement - Rebuilding America, One Life at a Time!

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.

SOURCE American Community Development Group, Inc.