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Microcap & Penny Stocks : OTC Shell Search and DD... -- Ignore unavailable to you. Want to Upgrade?

To: formerposter who wrote (846)	3/26/2001 7:48:42 PM
From: rjm2	Read Replies (1) \| Respond to of 858

I am not sure there is as much a demand for shells now so I seriously doubt a cash offer would be made. Rather they issue 50 million shares, and merge who knows what into it mangagement gets a parachute and shareholders get wildly diluted. One I mentioned here, AMCE,entered into a deal to buy something with $11 million in revenues for up to $6 million. Not much info. "Press Release American Claims Evaluation Enters Letter of Intent JERICHO, N.Y.--(BUSINESS WIRE)--March 20, 2001--American Claims Evaluation, Inc. (NASDAQ:AMCE - news) announced it has entered into a Letter of Intent for the proposed acquisition of a privately-held East Coast corporation which is in the business of providing occupational health care staffing and services. The acquisition is to be effected on a cash basis with a down payment at closing plus an additional amount contingent upon future earnings, which could result in a total purchase price of $6,000,000. Such entity had revenues in excess of $11,000,000 during its most recent fiscal year. As is customary, the proposed acquisition is subject to the commencement and completion of due diligence activities by American Claims, and the negotiation and consummation of a legally binding stock purchase agreement and other contingencies. 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 -------------------------------------------------------------------------------- Contact: American Claims Evaluation, Inc., Jericho Gary J. Knauer, 516/938-8000"