American Church Mortgage Company Declares Third Quarter Dividend

MINNETONKA, Minn., Oct. 15  /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 third quarter ended September 30, 2009 of $.10 per share.

The dividend is to be paid on October 31, 2009 to shareholders of record as of October 28, 2009.  Total revenues for the third quarter were $882,139 versus $956,543 for the third quarter of 2008.  Operating income for the third quarter ended September 30, 2009 was $310,036 versus $326,555 for the quarter ended September 30, 2008.  Year-to-date (nine months) operating income (before items) was $.36 per share versus $.36 per share for the nine-month period ended September 30, 2008.  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.

On April 1, 2009, American Church Mortgage Company registered its new public offering of $20,000,000 of Series "C" Secured Investor Certificates with the SEC.  The offering is being conducted by American Investors Group, Inc., Minnetonka, Minnesota on a best efforts basis.

For more complete information about ACMC's public offering, including charges and expenses, a Prospectus may be obtained from American Investors Group, Inc., 10237 Yellow Circle Drive, Minnetonka, Minnesota 55343 or by calling [phone] extension 134.  Investors are encouraged to carefully read the Prospectus before investing and forwarding funds.

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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