EXHIBIT 99.1
AMERICAN CLAIMS EVALUATION, INC.
REPORTS FIRST QUARTER RESULTS
JERICHO, NY, August 12, 2009: American Claims Evaluation, Inc. (the Company) (NASDAQ:AMCE)
announced revenues of $1,907,091 and a net loss of $39,770 ($.01 net loss per share) for the three
months ended June 30, 2009 as compared to a net loss of $171,140 ($.04 net loss per share) for the
three months ended June 30, 2008.
During the fiscal year ended March 31, 2009, the Company acquired all of the issued and outstanding
shares of Interactive Therapy Group Consultants, Inc. and also completed the disposition of its
wholly-owned subsidiary, RPM Rehabilitation & Associates, Inc. (RPM). Accordingly, all results
related to RPM have been reflected as discontinued operations.
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Three Months Ended |
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06/30/09 |
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06/30/08 |
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(Unaudited) |
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Revenues |
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$ |
1,907,091 |
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|
$ |
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Operating loss from continuing operations |
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(44,137 |
) |
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(207,111 |
) |
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Loss before discontinued operations |
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(39,770 |
) |
|
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(165,312 |
) |
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Net loss |
|
$ |
(39,770 |
) |
|
$ |
(171,140 |
) |
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Net loss per share: |
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|
|
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|
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From continuing operations basic
and diluted |
|
$ |
(0.01 |
) |
|
$ |
(0.04 |
) |
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From discontinued operations basic
and diluted |
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$ |
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$ |
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Weighted average shares
basic and diluted |
|
|
4,754,900 |
|
|
|
4,761,800 |
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American Claims Evaluation, Inc., through its wholly owned subsidiary, Interactive Therapy Group
Consultants, Inc., offers a comprehensive range of services to children with developmental delays
and disabilities.
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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