Monday August 13, 2:49 pm Eastern Time
Press Release
SOURCE: American Claims Evaluation, Inc.
American Claims Evaluation, Inc. Reports First Quarter Results
JERICHO, N.Y.--(BUSINESS WIRE)--Aug. 13, 2001--American Claims Evaluation, Inc. (NASDAQ:AMCE - news) announced revenues of $324,589 and a net loss of $33,441 ($.01 loss per share) for the three month period ended June 30, 2001 as compared to revenues of $270,342 and net earnings of $1,829 (no earnings per share) for the comparable period ended June 30, 2000.
Three Months Ended
June 30, 2001 June 30, 2000
(Unaudited)
Revenues $ 324,589 $ 270,342
Operating loss (132,919) (119,323)
Earnings (loss)
before provision
for (benefit from)
income taxes (37,441) 3,829
Net earnings (loss) $ (33,441) $ 1,829
Net earnings (loss)
per share:
Basic $ (.01) $ .00
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Diluted $ (.01) $ .00
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Weighted average common
shares outstanding:
Basic 4,273,500 4,273,500
Diluted 4,273,500 4,423,134
The Company continues its search for suitable acquisition candidates. Potential acquisitions will be evaluated based on their merits within the Company's remaining line of business, as well as other fields.
Except for the historical information herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including risks detailed from time to time in the Company's SEC reports, including the report on Form 10-KSB for the year ended March 31, 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.
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Contact:
American Claims Evaluation, Inc.
Gary J. Knauer, 516/938-8000 |
