American Church Mortgage Company Declares First Quarter Dividend

MINNETONKA, Minn., May 13  /PRNewswire-FirstCall/ -- AMERICAN CHURCH MORTGAGE COMPANY (Pink Sheets: ACMC), Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its first quarter ended March 31, 2008 of $.10 per share, representing an annualized dividend yield of 4.00%.

The dividend was paid on April 30, 2008 to shareholders of record as of March 31, 2008.  Net operating income for the first quarter was $261,858, versus $418,528 for the first quarter of 2007.  The Company operates as a real estate investment trust and revenues of the Company are derived primarily from interest income earned from loans to churches and other non-profit religious organizations.

Information concerning ACMC is available on its website, http://www.church-loans.net/ or by calling [phone] extension 124. 

DATASOURCE: American Church Mortgage Company



CONTACT:  Scott J. Marquis, Vice President of American Church Mortgage

Company, [phone]



Web site:  http://www.church-loans.net/ 

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