SOURCE: American Community Development Group, Inc.

December 07, 2011 10:03 ET

American Community Development Group, Inc. Signs Acquisition Agreement

Letter of Intent to Acquire and Fund Real Estate Company and $4.5 Million Portfolio

ST. PETERSBURG, FL--(Marketwire - Dec 7, 2011) - American Community Development Group, Inc. (PINKSHEETS: ACYD) announced today that it has concluded a letter of intent to acquire or merge with Southern Investment Assoc., LLC, and to incorporate their management team and staff into their forward and ongoing operations team.

Shaun Carcary, President of Southern Investment Assoc., LLC, was previously one of the most successful operators of HomeVestors in the Tampa Bay, Florida area (the "We Buy Ugly Houses" people).

Gary Prescott, a Licensed Real Estate Broker who is also of Southern Investment Assoc., LLC has been involved in more than 1,000 property transactions and brings exceptional experience to this new business combination. The closing of the merger is anticipated to be completed around January 1, 2012.

ACYD intends to offer generous debt and equity financing opportunities to its shareholder base and additional accredited investors may also participate.

Ron Brewer, the head of Southbridge Advisory Group (SAG), is acting as the primary negotiator in this matter on behalf of the Companies. His team of merger and acquisition experts will also be assisting in the expansion of the corporate management team. Mr. Brewer will also be coordinating structured financing and capitalization for the combined company. More information is available at

In a joint statement, the principals agree that "this business combination can effectively double the existing revenue of operations while also adding about $500K USD of equity to the balance sheet as we begin to comply to be upgraded to the Pinksheets OTCQX exchange."

Since 2008, American Community Development Group, Inc. (ACYD) has been a socially responsible public company that specializes in profitable real estate investments by purchasing distressed property. We then offer these transitional housing centers to 501c3 nonprofit clients that are sponsored into such programs as drug and alcohol rehabilitation, ex-offenders, homeless, HUD, government assistance and veterans. By utilizing properties that are acquired at huge discounts due to the distressed housing market, the company and its investors are able to generate almost a 100% increase over traditional tenants.

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 in Florida and throughout the United States. Our expansion plans include other regional and national affiliations.

American Community Development Group, Inc. is a for-profit corporation founded to provide economic support and management guidance to the non-profit community in order to assist their support of various economically distressed citizens. We believe in the concept of "social entrepreneurship" as stewards of our investors' and our own resources while also creating strong economic returns on capital.

The Company has chosen this growth field because it offers stable growth and a socially conscious application of the talents of its founders. We have signed agreements with non-profits that have been providers of services and operate missions and facilities for the homeless, ex-offenders, drug and alcohol programs and housing facilities for other disadvantaged persons in the Tampa Bay, Florida area.

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.

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