American Church Mortgage Company Declares First Quarter Dividend

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 stockholder dividend for its
first one-fourth ended March 31, 2008 of $.10 per share, representing an
annualized dividend output of 4.00%. The dividend was paid on April 30, 2008 to stockholders of record as of
March 31, 2008. Net operating income for the first one-fourth was $261,858,
versus $418,528 for the first one-fourth of 2007. The Company runs as a
real estate investing trust and grosses of the Company are derived
primarily from involvement income earned from loans to Christian churches and other
non-profit spiritual organizations. Information concerning ACMC is available on its website,
or by calling (800) 815-1175 extension 124.