SOURCE: American Church Mortgage Company

American Church Mortgage Company

October 19, 2010 13:45 ET

American Church Mortgage Company Declares 3rd Quarter Dividend

MINNETONKA, MN--(Marketwire - October 19, 2010) -  AMERICAN CHURCH MORTGAGE COMPANY ("ACMC") (PINKSHEETS: ACMC), Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its third quarter ended September 30, 2010 of $.10 per share.

The dividend is to be paid on October 29, 2010 to shareholders of record as of October 26, 2010. Total revenues for the third quarter of 2010 were $898,034 versus $882,139 for the third quarter of 2009. Earnings before items were $.16 per share for the third quarter ended September 30, 2010 versus $.12 per share for the third quarter of 2009. Year-to-date September 30, 2010 earnings per share before items are $.41 versus $.36 for 2009. 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.

On April 1, 2009, American Church Mortgage Company registered a public offering of $20,000,000 of Series "C" Secured Investor Certificates with the SEC. 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, www.church-loans.net or by calling (800) 815-1175 extension 127.

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