EXHIBIT 99.1
AMERICAN CLAIMS EVALUATION, INC.
REPORTS FOURTH QUARTER AND YEAR END RESULTS
JERICHO, NY, June 20, 2007: American Claims Evaluation, Inc. (NASDAQ:AMCE) announced revenues of $850,294 and a net loss of $311,023 ($.07 net loss per share) for the year ended March 31, 2007 as compared to revenues of $1,141,967 and a net loss of $327,212 ($.07 net loss per share) for the year ended March 31, 2006.
| Three Months Ended |
| Year Ended | ||||
| 03/31/07 |
| 03/31/06 |
| 03/31/07 |
| 03/31/06 |
| (Unaudited) |
|
| ||||
Revenues | $ 208,563 |
| $ 274,907 |
| $ 850,294 |
| $ 1,141,967 |
|
|
|
|
|
|
|
|
Operating loss | (191,906) |
| (143,419) |
| (680,505) |
| (613,754) |
|
|
|
|
|
|
|
|
Loss before income tax expense | (101,180) |
| (64,199) |
| (311,023) |
| (327,212) |
|
|
|
|
|
|
|
|
Net loss | $ (101,180) |
| $ (64,199) |
| $ (311,023) |
| $ (327,212) |
|
|
|
|
|
|
|
|
Net loss per share – |
|
|
|
|
|
|
|
basic and diluted | $ (0.02) |
| $ (0.01) |
| $ (0.07) |
| $ (0.07) |
Weighted average shares |
|
|
|
|
|
|
|
basic and diluted | 4,761,800 |
| 4,761,800 |
| 4,761,800 |
| 4,794,258 |
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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