ST. PETERSBURG, Fla., Aug. 3, 2010 (GLOBE NEWSWIRE) -- American Community Development Group, Inc. (Pink Sheets:ACYD) announced today that it will launch an advertising and marketing campaign through the websites hotcharityweb.com and hotautoweb.com, designed to raise between $1 and $3 million in annual vehicle and in kind donations to benefit local non-profits and charity organizations. "We expect to add additional charity and fundraising events to increase donations to the causes we support, notably Veterans, Drug and Alcohol rehab groups, Aging out of Foster Care children, and ex-offenders," said John Folger, President and CEO.
Max Media Group, Inc. (Hot Web Properties) is a public company (OTCBB:MXMI) with various interests across the automotive spectrum. They originate web and radio content for specific automotive markets, and have developed a national capacity to pick up, repair and rehabilitate cars, trucks, boats and RV's that are donated for charity purposes. Jim Grady, President of Max Media Group, Inc., described the growth of this type of charitable fundraising as "significant, especially when an area company coordinates funding for local charities, so that neighbors really are helping their own neighborhoods."
American Community Development Group Inc. (ACYD) is a fast track socially responsible commercial real estate investment firm that generates increased profits by purchasing distressed properties to house vast numbers of people in need. The company is growing quickly because its tenants are usually clients of non profits and government agencies, many of which have some government sponsorship. Tenants are veterans, children aging out of foster care, recovering addicted clients and ex-offenders coming out of incarceration. This unique niche market offers greater tenant density, which greatly improves cash flow. The company also purchases businesses, thereby adding additional revenues that employ these extremely dedicated and motivated clients.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 growth 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 that operate missions for the homeless, ex-offenders, drug and alcohol programs as well as housing facilities for other disadvantaged people in the Tampa Bay, Florida area.
Affordable Housing
"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 mobile home parks. 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 ACDG 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 our employment and profitability criteria.
ACDG is creating multiple non-profit relationships nationally that have an ongoing need for both housing and job creation, and have government assisted agreements to assist in placement of disadvantaged citizens. ACDG projects 90% occupancy rates can be accomplished over a 90 day period with each new property acquired.
The corporate principals of ACDG are experienced property developers and managers on a national 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.
Mission Statement
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.