America's Senior Financial Services Merges Two Subsidiaries.

MIAMI LAKES, Fla.--(BUSINESS WIRE)--Sept. 30, 1999--

Nelson Locke, chairman of America's Senior Financial Services (OTC BB:AMSE) Wednesday announced the merging of two AMSE subsidiaries: Jupiter Mortgage Corp., headquartered in Jupiter, Fla. and Capital Funding of South Florida. AMSE acquired Jupiter Mortgage Corp. in August of 1999.

The combined entity will operate under the flagship of Jupiter Mortgage with branch offices in these Florida cities: Kissimmee, Port St. Lucie, Stuart and Royal Palm Beach, as well as the headquarters office in Jupiter. In addition, there is an office in Littleton, Colo.

In 1999, America's Senior expects to originate more than $500 million in forward and reverse mortgages and cover 19 states with representatives and/or offices throughout the Northeast, Midwest and Southeast.

Jupiter Mortgage Corp. operates under the leadership of Deanne Anderson and Michael Buono who together have spearheaded the expansion of the company by more than 65% each year for the past three years.

"The growth of the company can be attributed to three important factors," said Buono. "First, and foremost, Jupiter has a very experienced staff who are well versed in the best loan programs to best service our customers. Secondly, Jupiter is probably the most technologically advanced mortgage company around. This enables us to expedite loan approvals for our customers. Finally, we have in-house underwriting and funding which causes loans to close efficiently and quickly."

In 1998, Jupiter Mortgage Corp. generated approximately $120 million in loan volume. With the addition of the new offices and staff, Jupiter Mortgage is anticipating loan volume, on a projected basis, to exceed $175 million for FY99.

"All of these changes will afford Jupiter Mortgage a tremendous opportunity moving ahead," said Anderson. We will be able to expand our product lines and negotiate better rates directly with Fannie Mae and Freddie Mac, she added.

For 15 years, Jupiter Mortgage Corp. has provided the best service available in the mortgage business. The company offers virtually every loan program and product available including: fixed and adjustable rate mortgages, FHA/VA, construction/perm, commercial, jumbo, no income verification, no closing costs, second mortgages, first time home buyer programs and many more. For more information about Jupiter Mortgage, visit them on the web at www.jupiter-mortgage.com.

Founded in 1990 and specializing in reverse mortgages designed for seniors, America's Senior is among the top five largest providers of reverse mortgages in the nation and is the only public mortgage company focusing on the senior audience.

This release contains forward looking statements including without limitation, statements relating to the company's plans, expectations, intentions and adequate resources, and are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. For further information please visit AMSE's website at www.americassenior.com or call our investor relations representative Laura Bennett at 407/425-6040.