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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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American Community Development Group, Inc. Is Rebuilding Its Management Capability by Terminating John D. Folger as Director, CEO and President

TAMPA, FL -- (Marketwire) -- 01/11/13 -- American Community Development Group, Inc. (PINKSHEETS: ACYD)

Effective today, January 11, 2013, the Board of Directors of American Community Development Group, Inc. announces termination of John D. Folger as Director, CEO and President of the Company effective immediately.

An interim CEO and/or President will be appointed by the Board up coming. Until such time, all communications should be directed to David Gray, COO/CFO, dgray@acdginc.com.

About American Community Development Group, Inc.

American Community Development Group, Inc. is a for-profit corporation originally 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 reaffirms its commitment to break new ground as a national provider of affordable housing services by specializing in client residents that have been previously under-served.

Contact:
David Gray
COO/CFO
dgray@acdginc.com

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