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FOR IMMEDIATE RELEASE


AMERICAN COMMUNITY DEVELOPMENT

ADDS FINANCIAL ADVISOR

Drew Connolly to Assist in National Expansion

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St. Petersburg, Florida – May 19, 2008 --- American Community Development Corporation (ACD) announced today that James A. “Drew” Connolly III has agreed to join ACD's advisory board. 

Mr. Connolly stated his eagerness to participate in developing affordable, quality housing and life enhancing projects in order to both address a compelling social need and provide a private sector market driven solution ”to a problem impacting communities nationally.”

“We are extraordinarily pleased have Drew Connolly on our team,” said John Folger, the company’s President. “We are excited that we can draw on Drew's 20 years of 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. This  Advisory Committee after, multiple public hearings held nationwide, and a year long consultative process, delivered to the SEC Commissioners a blueprint for small public company finance and governance that was widely acclaimed and instrumental in effecting regulatory reform impacting the capital markets  that was consistent with both capital formation and investor protection.. 

 Currently Mr. Connolly is President of IBA Capital Funding and serves as Executive Vice President  for a novel technology company in the audio industry as well as working with several international concerns in  energy, insurance and finance.

 American Community Development is building a substantial and profitable property portfolio that will offer housing to various disadvantaged tenant groups.

 For more information, contact:

 John Folger

American Community Development Corporation

5909 35th Avenue North

St. Petersburg, FL 33710

(727) 735-7777

FAX (215) 326-5813

www.americancommunitydevelopment.com

info@americancommunitydevelopment.com

 

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Last modified: June 20, 2008