American Community Development, Inc., Announces a Change of Business Direction to Oil and Gas Exploration and Development and Pr
April 20 2011 - 3:56PM
Marketwired
American Community Development, Inc. (PINK SHEETS: ACDP) ("the
Company") announces a change of business direction to oil and gas
exploration, development, and production.
The scope of the company will be North American onshore
projects, with initial focus in the USA.
Management Comment: "Given supply issues due to turmoil in the
middle east, resistance to offshore drilling, and a rising $100 per
barrel plus cost of oil, the timing is right to enter into the oil
and gas industry."
About American Community Development, Inc.:
The Company is an emerging junior oil and gas company
financially well connected, and will be focused on exploiting oil
and gas reserves within the USA. The Company is in the process of
assembling a seasoned team of managers and technical professionals
in the areas of geology, geophysics, engineering, and legal. The
Company strategy is to positioning itself for aggressive asset
growth and shareholder value.
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Act of 1934, as amended;
such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause operations
to vary significantly from those in prior periods, and those
projected in forward-looking statements. Information with respect
to these factors, which could materially affect the Company and its
operations, are included on certain forms the Company files with
the Securities and Exchange Commission.
Contacts: American Community Development, Inc. Edwin Mah, B.Com,
SMA, CMA Director 702-605-0145 emah@acdp-ir.com www.ACDP-IR.com
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