EXHIBIT 99.1
AMERICAN CLAIMS EVALUATION, INC.
REPORTS SECOND QUARTER AND SIX MONTH RESULTS
JERICHO, NY, November 14, 2006: American Claims Evaluation, Inc. (NASDAQ:AMCE) announced revenues of $442,121 and a net loss of $114,054 ($.02 net loss per share) for the six month period ended September 30, 2006 as compared to revenues of $588,911 and a net loss of $203,013 ($.04 net loss per share) for the six months ended September 30, 2005.
Three Months Ended | Six Months Ended | |||||||||||||||||||||||
09/30/06 | 09/30/05 | 09/30/06 | 09/30/05 | |||||||||||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||||||||||
Revenues | $ | 194,587 | $ | 301,690 | $ | 442,121 | $ | 588,911 | ||||||||||||||||
Operating loss | (152,067 | ) | (163,672 | ) | (295,883 | ) | (331,435 | ) | ||||||||||||||||
Loss before income tax expense | (59,466 | ) | (94,595 | ) | (114,054 | ) | (203,013 | ) | ||||||||||||||||
Net loss | $ | (59,466 | ) | $ | (94,595 | ) | $ | (114,054 | ) | $ | (203,013 | ) | ||||||||||||
Net loss per share − basic | $ | (0.01 | ) | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.04 | ) | ||||||||||||
Net loss per share − diluted | $ | (0.01 | ) | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.04 | ) | ||||||||||||
Weighted average shares − basic | 4,761,800 | 4,804,800 | 4,761,800 | 4,823,133 | ||||||||||||||||||||
Weighted average shares − diluted | 4,761,800 | 4,804,800 | 4,761,800 | 4,823,133 | ||||||||||||||||||||
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.
* * * * * * *