EXHIBIT 99.1 AMERICAN CLAIMS EVALUATION, INC. REPORTS SECOND QUARTER AND SIX MONTH RESULTS JERICHO, NY, November 10, 2004: American Claims Evaluation, Inc. (NASDAQ:AMCE) announced revenues of $574,117 and a net loss of $271,114 ($.06 net loss per share) for the six month period ended September 30, 2004 as compared to revenues of $614,364 and a net loss of $200,745 ($.05 net loss per share) for the six months ended September 30, 2003. Revenues decreased as a result of a reduction in cases referred to the Company for vocational rehabilitation services. Three Months Ended Six Months Ended ---------------------------------- --------------------------------- 09/30/04 09/30/03 09/30/04 09/30/03 ---------------------------------- --------------------------------- (Unaudited) (Unaudited) Revenues $ 286,927 $ 308,615 $ 574,117 $ 614,364 Operating loss (162,005) (132,463) (309,732) (245,710) Loss before income tax expense (136,771) (110,914) (269,114) (196,745) Net loss $ (137,771) $ (111,914) $ (271,114) $ (200,745) Net loss per share - basic $ (0.03) $ (0.03) $ (0.06) $ (0.05) ================================== ================================= Net loss per share - diluted $ (0.03) $ (0.03) $ (0.06) $ (0.05) ================================== ================================= Weighted average shares - basic 4,859,800 4,259,800 4,659,800 4,259,800 Weighted average shares - diluted 4,859,800 4,259,800 4,659,800 4,259,800 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. * * * * * * *