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AMERIDREAM CONTINUES EFFORTS TO SUPPORT OTHER NONPROFITS


GAITHERSBURG, MD (July 31, 2001) -- The AmeriDream Charity, Inc., has made several charitable contributions recently, reaching a broad spectrum of programs that help with a variety of issues including housing, disaster relief, and education. AmeriDream also helped two programs with missions similar to its own, and began reaching out to faith-based organizations.

Repairing Homes

AmeriDream gave $5,000 to Habitat for Humanity of Montana. Habitat will match those funds and use the monies for purchasing materials to build energy efficient homes. This grant will allow at least five low-income families in Montana to have homes that are energy efficient at a time when residents there are facing a 100% increase in the cost of energy.

The Charity in May became a corporate sponsor for Habitat for Humanity of Montgomery County, Md., when it donated $10,000 to help complete renovations on a condominium.

AmeriDream gave $5,000 to the Mennonite Disaster Service, a non-profit disaster-relief agency that provides volunteer labor for the cleanup, repair and reconstruction of homes damaged by floods, fire, tornadoes, hurricanes and other natural disasters. This particular donation will be used to help purchase building materials and supplies to clean, repair and rebuild homes damaged by tornadoes in Columbus and Pontotoc, Mississippi.

Helping Youth

The AmeriDream Charity two years ago developed a partnership with an organization that works to help young adults get out of criminal, gang and drug activities, and direct them back to education and the development of job skills. The Charity recently donated $10,000 to Virginia Beach, Va.-based God's X-Gangsters to support its outreach and direct intervention efforts. This is the second donation that AmeriDream has made to this organization.

AmeriDream gave $500 to the YMCA's 2001 Partners Campaign, which will help send a child to a two-week session of summer camp, and help fund the organization's other programs that are geared toward youth. The Upper Montgomery County YMCA is located in Montgomery Village, Md.

Most recently, AmeriDream became a corporate sponsor for the Apple Tree Institute when it gave $25,000 to its Early Childhood Reading Initiative, and pledged to make this donation annually for the next three years. The institute will use the funds to help open a charter school in southwest Washington, D.C.

Assisting Programs with A Similar Mission

AmeriDream gave $10,000 to Housing Charities, Inc., a Rockville, Md.-based not-for-profit organization that promotes and enables homeownership opportunities for low- and moderate-income first-time homebuyers. HCI provides homeownership education and provides financial assistance to people with special housing needs.

The Charity also gave $25,000 to the HomeBuyers Assistance Foundation, Inc., a Kansas City, Mo.-based non-profit program, which helps low- to moderate-income homebuyers become homeowners by providing their down payment and closing costs.

Supporting Medical Organizations

The AmeriDream Charity donated $5,000 to the Men's Event for Prostate Cancer Awareness. Proceeds from the affair benefited Georgetown University's Lombardi Cancer Center. AmeriDream also gave $2,000 to the Leukemia & Lymphoma Society to support its work.

Reaching out to Faith-Based Organizations

AmeriDream gave $10,000 to Seneca Creek Community Church to help launch its Sports Ministry for Portable Churches program, which uses sports programs to help youth, their families and community members get involved with their churches. Involvement in this ministry helps improve self-esteem, physical fitness, teamwork skills, sportsmanship and skill development. The ministry also strives to reach people who aren't currently involved in a church through a medium, sports, with which most people are comfortable.

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The mission of The AmeriDream Charity, Inc., is to expand homeownership opportunities for underserved groups through the direct provision of downpayment assistance and through the restoration and development of communities. A 501(c)(3) organization, The AmeriDream Charity, Inc. meets HUD requirements for FHA insured loans as a charitable organization. In addition to The AmeriDream Downpayment Gift Program, the Charity also operates The AmeriDream Redevelopment Program in the Washington, DC, area, which focuses on rehabilitating properties and returning them to the market at affordable prices; and is on track to donate over $600,000 by the end of 2001 to a range of community organizations including Habitat for Humanity and the American Red Cross.