American Church Mortgage Company Declares Fourth Quarter Dividend MINNETONKA, Minn., Jan. 20 /PRNewswire-FirstCall/ -- American Church Mortgage Company ("ACMC") (Pink Sheets: ACMC), Minnetonka, Minnesota, announced today the declaration by its Board of Directors of a shareholder dividend for its fourth quarter ended December 31, 2004 of $.1875 per share, representing an annualized dividend yield of 7.50%. Total dividends for 2004 were $0.66875 per share, representing an annualized dividend yield of 6.6875%. The dividend will be paid on January 31, 2005 to shareholders of record as of December 31, 2004. Total revenues for the fourth quarter were $842,163, up from $697,113 for the fourth quarter of 2003. Overall for 2004, revenues increased by 28% and earnings by 23% over 2003. 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 October 7, 2004, American Church Mortgage Company commenced a public offering of $23,000,000 of Series "B" Investor Saver Certificates. 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, http://www.church-loans.net/ or by calling (800) 815-1175 extension 124. DATASOURCE: American Church Mortgage Company CONTACT: Scott J. Marquis, Vice President of American Church Mortgage Company, +1-952-945-9455 x124 Web Site: http://www.church-loans.net/

Copyright