Friday May 18, 2:17 pm Eastern Time
Press Release
AMCE Negotiations Terminated
JERICHO, N.Y.--(BUSINESS WIRE)--May 18, 2001--American Claims Evaluation, Inc. (NASDAQ:AMCE - news) announced that negotiations for the proposed acquisition of a privately-held corporation in the business of providing occupational health care staffing and services have been terminated. The owner of the entity has notified the Company of his intention not to complete the transaction and that the entity will be taken off the market at this time. The Company had previously announced that it had entered into a letter of intent regarding this proposed acquisition on March 20, 2001.
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, New York 11753; telephone number: (516) 938-8000
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Contact:
American Claims Evaluation, Inc., Jericho
Gary J. Knauer, 516/938-8000
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