AMSE Signs 5 Year Lending Agreement With Ft. Pierce Based ``Worldwide Diversified Funding''.

Business Editors

JUPITER, Fla.--(BUSINESS WIRE)--Aug. 17, 2001

Deal Endorsed by Local NAACP Official and Housing

Authority Commissioner

America's Senior Financial Services (OTCBB:AMSE) announced today it has executed a five-year exclusive agreement to provide mortgage services to Worldwide Diversified Funding, Inc; a financial outreach headed by Minister Terry Brewer of Fort Pierce. Over the five-year term, the relationship is expected to produce millions of dollars of additional mortgage sales for AMSE's subsidiary, Jupiter Mortgage Corporation.

The agreement calls for Minister Brewer to partner with AMSE's Jupiter Mortgage Corporation platform to provide forward and reverse mortgage products to his Florida based organization. Minister Brewer stated, "This agreement will give us the mechanism necessary to help our constituents become homeowners or otherwise improve the quality of their lives. Now we will be able to assist others who normally would be lost in the system."

Commissioner of the Fort Pierce Housing Authority and member of the Saint Lucie County Chamber of Commerce Dr. Mark C Leath said, "I support the agreement of Worldwide Diversified Funding, Inc. and America's Senior Financial Services, Inc. Any product or service which is available to increase lending to underserved segments of our community deserves our attention and endorsement. The upside of this agreement is huge for our community."

Charlie Frank Matthews, President of the Saint Lucie County NAACP said, "The Saint Lucie County NAACP and its economic development unit fully endorses and welcomes the financial partnership of America's Senior Financial Services and Worldwide Diversified Funding, Inc. to assist the blighted areas..."

Minister Brewer has been affiliated with the Fort Pierce Church of Christ for 25 years and is well known for his leadership of the minority communities in Fort Pierce and neighboring Port St. Lucie. For the past five years he has hosted a weekly radio show that is heard by an estimated 30,000 listeners. He has donated to many charitable causes, and is considered to be a prominent member of the Fort Pierce community.

Michael Buono, CEO of Jupiter Mortgage said, "We are pleased to assist Minister Brewer as he creates an alternative source of financing for home ownership or quality of life enhancement for his congregation." These additional mortgages will be processed through Jupiter's award winning web-based mortgage processing system. In June 2000, Fannie Mae recognized Jupiter as one of the nation's top 20 users of Desktop Originator technology. On August 15th, the Company announced its second consecutive quarter of operational profits from actual loan operations and its financial performance continues to strengthen dramatically. Through 6/30/01, the company results were profitable by $455,000 compared to 6/30/00's loss of over $1.1 million dollars.

This release contains forward-looking statements including without limitation statements relating to the company's plans, expectations, intentions, and adequate resources. These statements are made pursuant to the "safe harbor provisions" of the Private Securities Litigation Reform Act of 1995. Please refer to the company's 10K-SB and 10Q filings for more disclosure about AMSE's results and the risks that could be associated with an investment in the company's common stock. To contact Investor Relations, write [e-mail].