American Home Mortgage Holdings Announces Cash Dividend.Business Editors NEW YORK--(BUSINESS WIRE)--March 22, 2001 American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Mortgage Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AHMH AHMH American Home Mortgage Holdings, Inc. ), a leading online and offline retail mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , today announced that, subject to change based on future business prospects, market conditions or company needs, the Board of Directors has established a policy of a regular quarterly of $0.03 per share. It also announced that in accordance with this policy, the Board has declared an initial quarterly dividend of $0.03 per share payable April 19, 2001 to shareholders of record as of April 5, 2001. In announcing the dividend, Michael Strauss, Chairman, President, and Chief Executive Officer, commented, "We are pleased to announce the declaration of our initial quarterly cash dividend. This action reflects the Company's solid financial performance since becoming a public company and our long-term confidence in the success of our business model. Further, it reflects the beneficial cash flow resulting from recent mergers, the growth in our Internet channel The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. , as well as the Company's organic growth." ABOUT AMERICAN HOME MORTGAGE American Home Mortgage Holdings (NASDAQ: AHMH) is a leading independent retail originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting of residential mortgage loans both online and offline. Its online operation, MortgageSelect.com is ranked #3 among active lenders in closed loan volume, and has outperformed its online competitors in terms of profitability. Offline, the Company has grown organically and by acquisition and now has 53 community loan offices in 12 states across the country. For additional information please visit the Company's Website at www.mortgageselect.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains statements about future events and expectations, which are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." Any statement in this release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve know and unknown risks, uncertainties and other factors which may cause the company's actual results to be materially different from any future results, performance or achievements expresses or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the potential fluctuations in the company's operating results; the company's potential need for additional capital, the direction of interest rates and their subsequent effect on the company's business, federal and state regulation of mortgage banking; the company's competition; the company's ability to attract and retain skilled personnel; and those risks and uncertainties discussed in filings made by the company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading "Risk Factors" in the company's Registration Statement on Form S-1 as filed with the Securities and Exchange Commission. |
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