American Church Mortgage Company Declares First Quarter Dividend

MINNETONKA, Minn., April 16 /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, 2010 of $.10 per share.

The dividend is to be paid on April 30, 2010 to shareholders of record as of April 27, 2010. Total revenues for the first quarter of 2010 were $904,554, versus $907,431 for the first quarter of 2009. Earnings before items were $.14 per share versus $.08 per share for the first quarter ended March 31, 2010 and 2009, respectively. GAAP earnings were $.10 per share versus $.06 per share for the first quarter ended March 31, 2010 and 2009, respectively. 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 (800) 815-1175 extension 134. Investors are encouraged to carefully read the Prospectus before investing and forwarding funds.

Information concerning ACMC is available on its website, www.church-loans.net or by calling (800) 815-1175 extension 127.

SOURCE American Church Mortgage Company