American Community Development Group, Inc. Announces Retaining Their First Ever Investment Banking Firm and Unveils Their New...
January 24 2013 - 12:29PM
Marketwired
American Community Development Group, Inc. (PINKSHEETS: ACYD) In
the second week of rebuilding the company's management capability,
American Community Development Group Inc. announces it has retained
the investment banking firm Street Capital and has launched their
new business model that is summarized on ACYD's web site.
Retaining Street Capital is the first accomplishment that
insures ACYD's successful execution of the new business model. The
second accomplishment is ACYD, through Street Capital's efforts,
has begun a liabilities transaction that satisfies the majority of
ACYD's liabilities. After the transaction is completed, ACYD's
improved balance sheet will greatly enhance ACYD's financial
position. Street Capital's broad range of service offerings will
provide ACYD with the necessary tools required to not only launch
the new business model, but sustain its growth into the foreseeable
future.
The new business model reflects ACYD's continual commitment to
incorporate "social responsibility" to portions of the affordable
housing industry and as a Holding Company, acquire businesses that
indicate significant revenue contributions potential. ACYD will now
also provide select transitional housing program services directly
to the clients by way of our new innovative secondary recovery
program. The Company's clients include those that are received from
not for profit's primary recovery programs so that they are able to
again become self sufficient while being in an environment that is
conducive to accomplish this. Hotels are the preferred multi-family
property to house ACYD's clients in the new business model. For
more details on the new business model, visit ACYD's web site,
www.acdginc.com, and select the revised Investor Relations tab. The
remainder of ACYD's web site and other publically available company
descriptions will be updated as time permits.
ACYD will issue press releases as they achieve their goals in
moving the company forward on behalf of both the company and its
shareholders. Also, Cleartrust, ACYD's transfer agent, encourages
ACYD's shareholders to please report their current contact
information including address, phone number(s) and email address to
inbox@cleartrusttransfer.com.
About Street Capital
Street Capital is a privately owned, cutting edge investment
banking firm concentrating on providing unique and creative
financial solutions to promising public companies. Their services
consist of capital raising, strategic advisory, due diligence and
private securities sales. They have specialized in funding small
and micro-cap companies since 2001. Visit their web site at
www.scapital.com.
About American Community Development
Group, Inc. American
Community Development Group, Inc. is a for-profit corporation
restructuring for profitability to provide ACYD's programs to
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 the Company's capital.
ACYD, in its capacity as a Holding Company, will acquire
regional or national businesses that indicate significant revenue
contributions potential. ACYD will acquire assets in local
businesses, multi-family, affordable housing and other high
occupancy commercial real estate properties. The Company reaffirms
its commitment to break new ground as a national provider of
affordable housing services, doing so by specializing in directly
serving client residents that have been previously
under-served.
American Community Development Group, Inc. Investor Relations
Contact: David Gray COO/CFO (813) 482-9650, Ext. 201
dgray@acdginc.com
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