EX-99.1 2 file2.htm PRESS RELEASE

EXHIBIT 99.1

 

 

AMERICAN CLAIMS EVALUATION, INC.

REPORTS SECOND QUARTER AND SIX MONTH RESULTS

JERICHO, NY, November 8, 2007: American Claims Evaluation, Inc. (NASDAQ:AMCE) announced revenues of $371,882 and a net loss of $454,448 ($.10 net loss per share) for the six month period ended September 30, 2007 as compared to revenues of $442,121 and a net loss of $114,054 ($.02 net loss per share) for the six months ended September 30, 2006.

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

9/30/2007

 

9/30/2006

 

9/30/2007

 

9/30/2006

 

 

 

(Unaudited)

 

(Unaudited)

 

Revenues

 

$

184,606

 

$

194,587

 

$

371,882

 

$

442,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating loss

 

 

(177,692

)

 

(152,067

)

 

(634,848

)

 

(295,883

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income tax expense

 

 

(87,559

)

 

(59,466

)

 

(454,448

)

 

(114,054

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(87,559

)

$

(59,466

)

$

(454,448

)

$

(114,054

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share – basic

 

$

(0.02

)

$

(0.01

)

$

(0.10

)

$

(0.02

)

Net loss per share – diluted

 

$

(0.02

)

$

(0.01

)

$

(0.10

)

$

(0.02

)

Weighted average shares – basic

 

 

4,761,800

 

 

4,761,800

 

 

4,761,800

 

 

4,761,800

 

Weighted average shares – diluted

 

 

4,761,800

 

 

4,761,800

 

 

4,761,800

 

 

4,761,800

 

 

During the six months ended September 30, 2007, the Company recognized stock compensation expense totaling $285,000 based on the fair value of stock options granted under the provisions of Statement of Financial Accounting Standards No. 123R.

American Claims Evaluation, Inc., through its wholly owned subsidiary, RPM Rehabilitation & Associates, Inc., offers a full range of vocational rehabilitation and disability management services.

For further information contact: Gary J. Knauer, Chief Financial Officer, American Claims Evaluation, Inc., One Jericho Plaza, Jericho, NY 11753; telephone number (516) 938-8000.

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