American Community Development Group Files Quarterly Financials, Continues Restructure Towards Holding Company, Reporting Status

ST. PETERSBURG, Fla., May 15, 2012 /PRNewswire/ -- American Community Development Group, Inc. (the "Company") (OTC Pinksheets: ACYD) announced that on Tuesday, May 15, 2012, the Company has filed its required quarterly financials.

The Company is also taking several important steps reflecting its plans to grow by acquisition and to eventually become a reporting organization on the QX.

Management is in discussion with candidates to join the Board of Directors which will expand the resources and reach of the Company regarding relationships and acquisitions. Also under negotiation is a new and broader coordination within the nonprofit community, the results of which could provide immediate real estate development and business enterprises as part of a turnkey solution with existing nonprofit organizations.

The Company is also reviewing an Officers and Directors insurance carrier and policy as part of its new reporting company initiatives to attract the highest quality candidates available.

Management is also taking steps to better understand the trading of its stock in the market.  The Company will initiate a regular review of the DTC, shareholder and NOBO lists and arrange to have those analyzed by competent advisors and/or securities attorneys to understand the narrow trading stock range despite purchase or sale demand and volume. The Company recently instructed its transfer agent, Cleartrust LLC, to discontinue providing share structure info to callers representing themselves as shareholders as we have been advised that this open access to share structure is a tool that might be used by professional shorters.

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 properties as 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.

http://americancommunitydevelopmentgroup.com

SOURCE American Community Development Group, Inc.