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American Community Development Group Inc. Completes Name Change
St. Petersburg, FL
Saturday, November 21, 2009
American Community Development Group Inc. Completes Name Change
November 23, 2009
For Immediate Release
St. Petersburg, Florida— American Community Development Group Inc. ("RKBD.PK"). – Announces completion of Name Change with the State of Delaware and the submission of its filing to FINRA for Name Change and 200 to 1 Reverse Stock Split.
The Company completed the Name Change from Rockbands, Inc. to American Community Development Group, Inc. with the State of Delaware, Division of Corporations. The filing submission to FINRA to effectuate a name change from Rockband, Inc. to American Community Development Group Inc. and a 200 to 1 Reverse Stock Split has also been submitted. The effective date of the Reverse Stock Split as well as the new trading symbol for the Company will be determined by FINRA. At the current listed price of $0.001 per Common share, the price after the 200 to 1 Reverse Stock Split is completed would be approximately $0.20 per Common share.
About American Community Development Group, Inc.
The Company acts as a principal in the acquisition, renovation and management of affordable housing real estate properties. These are mobile home parks, apartment building and hotels/motels. These properties are than used, where applicable, to house "special populations" as managed or supplied by various not for profit entities or other independent agencies. The "special populations" include, but are not limited to; drug and alcohol clients, the elderly, HIV/AIDS clients, veterans, aging out of foster care (AOFC) children and ex-offenders. The Company also acts as a consultant to non profits to provide specialty services such as accounting, management, grant and funding development, operations expertise or program support personnel for some of the social services required to enable the beneficial assistance to their clients. Rental income is normally charged by the week or the month, usually over the short term of less than 1 year. In addition to charging traditional rent, the Company gains additional fees for services provided to the clients and their non profit sponsors. In some cases, the rental income is based on multiple person room occupancy.
Forward-Looking Statements.
This press release may be deemed to contain forward-looking information. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors.
SOURCE: American Community Development Group, Inc.
Contact: John Folger, President
American Community Development Group, Inc.
Saint Petersburg, Florida 33714
Telephone: (727) 902-4108
johnfolger@earthlink.net
The above news release has been provided by the above company.
November 23, 2009
For Immediate Release
St. Petersburg, Florida— American Community Development Group Inc. ("RKBD.PK"). – Announces completion of Name Change with the State of Delaware and the submission of its filing to FINRA for Name Change and 200 to 1 Reverse Stock Split.
The Company completed the Name Change from Rockbands, Inc. to American Community Development Group, Inc. with the State of Delaware, Division of Corporations. The filing submission to FINRA to effectuate a name change from Rockband, Inc. to American Community Development Group Inc. and a 200 to 1 Reverse Stock Split has also been submitted. The effective date of the Reverse Stock Split as well as the new trading symbol for the Company will be determined by FINRA. At the current listed price of $0.001 per Common share, the price after the 200 to 1 Reverse Stock Split is completed would be approximately $0.20 per Common share.
About American Community Development Group, Inc.
The Company acts as a principal in the acquisition, renovation and management of affordable housing real estate properties. These are mobile home parks, apartment building and hotels/motels. These properties are than used, where applicable, to house "special populations" as managed or supplied by various not for profit entities or other independent agencies. The "special populations" include, but are not limited to; drug and alcohol clients, the elderly, HIV/AIDS clients, veterans, aging out of foster care (AOFC) children and ex-offenders. The Company also acts as a consultant to non profits to provide specialty services such as accounting, management, grant and funding development, operations expertise or program support personnel for some of the social services required to enable the beneficial assistance to their clients. Rental income is normally charged by the week or the month, usually over the short term of less than 1 year. In addition to charging traditional rent, the Company gains additional fees for services provided to the clients and their non profit sponsors. In some cases, the rental income is based on multiple person room occupancy.
Forward-Looking Statements.
This press release may be deemed to contain forward-looking information. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors.
SOURCE: American Community Development Group, Inc.
Contact: John Folger, President
American Community Development Group, Inc.
Saint Petersburg, Florida 33714
Telephone: (727) 902-4108
johnfolger@earthlink.net
The above news release has been provided by the above company.
Bill Thompson
CEO
TV, Inc.
Clearwater, FL
800-326-5661
3109432648
