|By Marketwired .||
|November 7, 2012 07:00 AM EST||
TAMPA, FL -- (Marketwire) -- 11/07/12 -- American Community Development Group, Inc. (PINKSHEETS: ACYD)
American Community Development Group, Inc. (ACYD) with Global Deal Funding Group (GDFG) have entered into a 50/50 joint venture that collectively enhances ACYD's ability to finance, acquire, operate, and manage real estate properties designed to house the transitional clients of nonprofits and otherwise execute the transitional housing portion of its business model throughout North America, thereby enhancing the socioeconomic fabric of our communities. This joint venture is the first step in a series of relationships and ventures designed to increase operational revenue, asset acquisition and market expansion.
The ACYD and Global Deal Funding, LLC Joint Venture encompasses a coordinated national program that includes marketing, management and advisory services to those nonprofit groups or government agencies that will support the expansion of the ACYD transitional housing mission. These steps will assist in dramatically expanding ACYD's market area as well as reaching real estate funding sources otherwise unavailable to ACYD. This will be accomplished by the initial concentration of efforts in the Tampa Bay, Florida market, but with the ability and intention to grow regionally and nationally. Plans include the coordination and implementation of a national marketing program that will provide regional educational opportunities for funding, the first of which is scheduled for the Tampa market in January of 2013.
About Global Deal Funding Group
Global Deal Funding Group is a private specialized advisory firm located in Quincy, MA that provides expertise in the acquisition, rehabilitation, and recapitalization of assets that include residential, multifamily and commercial properties throughout the United States and beyond. GDFG provides their clients with such services as operations, property management, asset management, financial structuring and public relations. Global Deal Funding Group, along with its sister agency Government Deal Funding, LLC, act as a national seminar, training and marketing firm that offers a seminar marketing and training system that specializes in educating clients on the full range of capital structuring including private, public and equity sources along with other creative options. For further information, please review one of their websites: http://www.governmentdealfunding.com/
About American Community Development Group, Inc.
American Community Development Group, Inc. is a for-profit corporation founded to provide advisory 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 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 will break new ground as a national provider of these affordable housing services by specializing in the client residents of non-profits that have been previously under-served. For further information view our website, www.americancommunitydevelopmentgroup.com.
"We are acquiring interests in multi-family, affordable housing and other high occupancy commercial real estate properties. We will break new ground as a national provider of these affordable housing services by specializing in residents that have been previously under-served. As a for-profit company, we have the ability to acquire, renovate and manage group housing, primarily apartments and other multi-family properties. We will dramatically increase cash flow through greater population density combined with efficient and professional property management," Folger related.
Job Creation is Profitable Enterprise
The second focus of ACYD is to create jobs appropriate to the same disadvantaged citizens further supporting social entrepreneurship. These jobs will be created in various enterprises that require minimal capital versus their return through profits. The enterprise will be created through acquisition of profitable businesses or the launching of franchise type businesses that meet the employment and profitability criteria.
The corporate principals of ACYD are experienced property developers and managers on a regional level in residential/commercial real estate. They also have a wealth of experience in emerging growth of public and private entities, capital markets, and merger/acquisition strategies.
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.
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