4 /PRNewswire-FirstCall/ -- Federal Capital Partners (FCP) today announced the closing on December 30, 2009 of its acquisition of American Community Properties Trust (NYSE Amex: APO), referred to as ACPT.
Upon clearance of Form 10-SB, the Company will once again begin trading on the Over the Counter Bulletin Board under the symbol ACPT.
Kelly, president and chief operating officer of ACPT.
Upon approval and acceptance of Form 10-SB the Company will once again begin trading on the over the counter bulletin board under the symbol of ACPT.
At that time, the Company will once again begin trading on the over the counter bulletin board under the symbol of ACPT.
At that time, the company will once again begin trading on the bulletin board under the symbol of ACPT.
In addition, at the same time the Company determined that certain income from our Puerto Rico operations could be treated as income of ACPT even though it was not distributed to ACPT.
Michael Wilson, Chairman and Chief Executive Officer of ACPT.
However, for the three months ended March 31, 2005, Lennar Corporation settled 23 homes to homebuyers in Fairway Village on lots purchased from ACPT in 2004, resulting in an additional $749,000 of revenue for ACPT.
5 million cash distribution to a wholly owned subsidiary of ACPT.
The agreement adds to a dynamic period in the history of the Southern Maryland planned community, and its developer, ACPT.