We present three new candidate AM CVn binaries, plus one confirmed new system, from a spectroscopic survey of color-selected objects from the Sloan Digital Sky Survey. All four systems were found from their helium emission lines in low-resolution spectra taken on the Hale telescope at Palomar, and the Nordic Optical Telescope and the William Herschel Telescope on La Palma. The ultra-compact binary nature of SDSS J090221.35+381941.9 was confirmed using phase-resolved spectroscopy at the Keck-I telescope. From the characteristic radial velocity `S-wave observed in the helium emission lines we measure an orbital period of 48.31 +/- 0.08 min. The continuum emission can be described with a blackbody or a helium white dwarf atmosphere of T_eff ~ 15,000K, in agreement with theoretical cooling models for relatively massive accretors and/or donors. The absence in the spectrum of broad helium absorption lines from the accreting white dwarf suggests that the accreting white dwarf cannot be much hotter than 15,000K, or that an additional component such as the accretion disk contributes substantially to the optical flux. Two of the candidate systems, SDSS J152509.57+360054.5 and SDSS J172102.48+273301.2, do show helium absorption in the blue part of their spectra in addition to the characteristic helium emission lines. This, in combination with the high effective temperatures of ~18,000K and ~16,000K suggests both two be at orbital periods below ~40min. The third candidate, SDSS J164228.06+193410.0, exhibits remarkably strong helium emission on top of a relatively cool (T_eff~12,000K) continuum, indicating an orbital period above ~50min.
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