American Church Mortgage Company Declares First Quarter Dividend MINNETONKA, Minn., April 21 /PRNewswire/ -- AMERICAN CHURCH MORTGAGE COMPANY ("ACMC") (OTC:ACMC), Minnetonka, Minnesota, announced today the declaration by its Board of Directors of a shareholder dividend for its first quarter ending March 31, 2005 of $.1750 per share, representing an annualized dividend yield of 7.00%. The dividend will be paid on April 30, 2005 to shareholders of record as of March 31, 2005. Total revenues for the first quarter were $897,125, up from $742,741 for the first quarter of 2004. G.A.A.P. earnings for the first quarter of 2005 were $422,377 ($.1655 per share) versus $369,828 ($.13 per share) for the first quarter of 2004. 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/

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