American Community Development Group, Inc. CEO Conducts Comprehensive Shareholder Conference Call
ST. PETERSBURG, Fla., June 19, 2012 /PRNewswire/ -- American Community Development Group, Inc. (the "Company") (OTC Pinksheets: ACYD.PK) is pleased to announce that its CEO, John Folger, conducted a half hour shareholder conference call on Monday, June 18, 2012. It is expected, based on the number of questions submitted and the positive response from the shareholders, that this may become a regular means of communication. This is a list of some of the areas discussed in the call. There is a link on the front page of our corporate website, but also here is the link for anyone to listen to the call.
Description of how ACYD (public) and nonprofit (The ARC and others) work together- funding, revenue, loans, consulting etc.
- Growth/expansion of nonprofit sector and new relationship description-local/regional/national,
- The need for transitional housing-our Florida counselor can bring 500 clients per year, just from existing relationships
- New clients can come with secured funding of up to $3000.00/combination each of federal Access to Recovery and matching funds from a private endowment
Holding Company and new acquisition targets
- Ron Brewer and Southbridge- our advisors assisting in Board of Directors and Management team so we will be able to acquire complementary firms with $5-10 million in revenue that add profitability.
- Our change of focus on housing away from residential towards larger commercial-apartments, hotels, mobile home parks, industrial parks, so we can create a better sense of community for clients. We can than integrate businesses, thrift stores, auto repair etc. that can serve as job training. There are government funds for job training!
Accounting and Audits
- We had to focus on getting current and staying that way-new experienced management team at "The ARC" which helps collect money and information.
- Our CFO, David Gray is coordinating with auditor
- No ungag of transfer agent, but we will post share structure every month.
- No corporate funding recently because we were not willing to dilute at the price.
- Corporate Management has same incentives as shareholders for stock price. We're taking back salaries in stock, so we do believe!
- Private placement available-describe 10% interest and conversion at 65%, 75% and 85% the longer you hold note. Also for shareholders only, they can get in for $2500 instead of $25,000.
- We are seeking Real estate secured financing if a shareholder can refer or participate.
Website, shareholder data base and social media expansion
- Important for all shareholders to sign up.
- We are asking them to "like" us on Facebook
- Review of the increase and importance of getting the word out and building the referral network. Post the statistics.
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.
SOURCE American Community Development Group, Inc.
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