MINNETONKA, Minn., May 13 /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, 2008 of $.10 per share, representing an annualized dividend yield of 4.00%. The dividend was paid on April 30, 2008 to shareholders of record as of March 31, 2008. Net operating income for the first quarter was $261,858, versus $418,528 for the first quarter of 2007. 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. 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, +1-952-252-0909 Web site: http://www.church-loans.net/

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