St. Petersburg, Fla., June 2, 2010 (GLOBE NEWSWIRE) -- American Community Development Group, Inc. (Pink Sheets:ACYD) welcomes James Andrew Connolly III to the advisory group. "We are extraordinarily pleased to be working with Drew Connolly," said John Folger, the company's President. "We are excited that we can draw on Drew's 20 years experience in emerging company development and finance. This will assist us greatly with our national expansion."
Mr. Connolly has been instrumental in arranging financing and consulted on numerous mergers and acquisition transactions of both public and private companies. Mr. Connolly also hosted the nationally syndicated "Street Signals" radio program focusing on small business investing while acting as Corporate Development Director for Investrend Communications, a premier small cap investment research firm.
Mr. Connolly was a co-founder of the CEO Council, a national small public company advocacy association and was their Executive Director. The CEO Council's impact on the landmark Sarbanes-Oxley reforms was acknowledged by multiple Congressional testimony appearances as well as an invitation to be a member on the SEC Committee on Smaller Public Companies.
American Community Development Group, Inc. is a for-profit corporation founded to provide economic support and management guidance to the non-profit community 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.
ACDG has chosen this field because it offers stable growth and a socially conscious application of the talents of its founders. ACDG has signed agreements with non-profits that have been providers of services and operate missions for the homeless, ex-offenders, drug and alcohol programs and housing facilities for other disadvantaged persons in the Tampa Bay, Florida area.
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.