American Church Mortgage Company Declares Second Quarter Dividend MINNETONKA, Minn., July 27 /PRNewswire-FirstCall/ -- AMERICAN CHURCH MORTGAGE COMPANY ("ACMC") (OTC:ACMC), Minnetonka, Minnesota, announced today the declaration by its Board of Directors of a shareholder dividend for its second quarter ended June 30, 2005 of $.1625 per share, representing an annualized dividend yield of 6.50%. The dividend will be paid on July 29, 2005 to shareholders of record as of June 30, 2005. Total revenues for the second quarter were $936,642, up from $770,486 for the second 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, ext. 124 Web site: http://www.church-loans.net/

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