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AMERICAN RESIDENTIAL TO REPURCHASE STOCK FOR EMPLOYEES

 AMERICAN RESIDENTIAL TO REPURCHASE STOCK FOR EMPLOYEES
 LA JOLLA, Calif., Oct. 28 /PRNewswire/ -- American Residential Holding Corp. (NASDAQ: AMRS), parent of American Residential Mortgage Corp., one of the nation's leading mortgage bankers, announced today that it plans to repurchase up to 8,000 shares of its common stock in the open market. The shares are to be given as a bonus to non- officer, non-commissioned employees of the company.
 In addition to rewarding employees for their contribution to the company's success, the stock bonus will extend company ownership to almost all of the company's 1,200 employees. According to John Robbins, president and chief executive officer, "It is our belief that the best organizations are the ones in which employees are personally committed to the company's success and ownership is an important way to build that commitment."
 American Residential Holding Corp. sold 3,141,500 shares of common stock in a recent initial public offering.
 American Residential Mortgage Corp., headquartered in La Jolla, operates 49 offices nationwide. The company originated a record $3.7 billion in home loans for the first nine months of the year and serviced and subserviced $9.5 billion in mortgage loans as of Sept. 30, 1992.
 -0- 10/28/92
 /CONTACT: Kasey Emmel of American Residential Holding Corp., 619-535-4310/
 (AMRS) CO: American Residential Holding Corp.; American Residential
 Mortgage Corp. ST: California IN: FIN SU:


EH-KJ -- SD004 -- 6177 10/28/92 15:43 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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