American Community Development Group Updates Quarterly Financials

ST. PETERSBURG, Fla., May 23, 2012 /PRNewswire/ -- American Community Development Group, Inc. (the "Company") (OTC Pinksheets: ACYD.PK) is pleased to announce that it has provided the required attorney opinion letter which should cause the Company to be current in its required filing. We were told that because of a documentation backlog, a status change announcement could take several days.

The Company can now move into the next phase of financial and structural changes required to move forward to implement the larger portion of its business plan. Management has also reconsidered and postponed any immediate financing plans as it reviews the market for its common stock.

Management is continuing to take steps to better understand the trading of its stock in the market.  As previously disclosed the Company will initiate a regular review of the DTC, shareholder and NOBO lists and arrange to have those reviewed by competent advisors. 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 could be misused.

The Company plans to make more announcements regarding these issues in the future.

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.