SOURCE: American Community Developement Group
TULSA, OK--(Marketwire - Aug 10, 2012) - American Community Development Group, Inc. (PINKSHEETS: ACYD)
Southbridge Advisory Group is pleased to announce that Earthlinc Environmental Solutions, Inc. (EESI) has entered into a Letter of Intent to be acquired by American Community Development Group Inc., for a combination of cash and stock. The acquired Company, which is operationally based in Arkansas, will become a wholly owned division of ACYD.
This acquisition is designed to implement the new holding company strategy of American Community Development Group management as they previously announced. The new division is projecting revenues of $6.2 million in year one post-acquisition by providing green patented technology applications, and distribution and application of green protective coatings that also offer structural integrity. Additionally, Earthlinc will provide remediation services for soil, water and emergency response. The qualified and experienced management of EESI believes the new division could generate up to $30 million in total revenue in year three through organic growth and additional synergistic acquisitions that advances its service offerings in the green/clean technology arena. The executive management team of EESI has extensive experience in construction, national business development and environmental technology.
Management of American Community Development Group believe that the expansion and growth of this acquisition can make a significant contribution to the Company business plan to expand assets and revenues.
Southbridge Advisory Group, Inc. facilitated the acquisition transaction and will assist ACYD in pursuing acquisition funding from private equity firms that has expressed interest in the transaction.
About American Community Development Group, Inc.
American Community Development Group, Inc. is a for-profit corporation founded to provide economic support and management guidance to the non-profit community to assist their support of various economically distressed citizens. ACYD believes in the concept of "social entrepreneurship" as stewards of our investors' and our own resources while also creating strong economic returns on capital. ACYD is acquiring interests in multi-family, affordable housing and other high occupancy commercial real estate properties. ACYD will break new ground as a national provider of these affordable housing services by specializing in residents that have been previously under-served.
About Southbridge Advisory Group, Inc.
Southbridge Advisory Group, formed in 1990, is a boutique management services firm focused in merger & acquisition advisory, capital advisory services, and management consulting services. Our focus is micro-cap and small-cap companies in both the private and public sector primarily in emerging growth companies or restructuring needs. The Company headquartered in Tulsa, Oklahoma serves clients throughout North America. For further information view our website, www.southbridgegroup.biz.