EX-99.1 3 file002.txt PRESS RELEASE EXHIBIT 99.1 AMERICAN CLAIMS EVALUATION, INC. REPORTS THIRD QUARTER AND NINE MONTH RESULTS JERICHO, NY, February 6, 2004: American Claims Evaluation, Inc. (NASDAQ:AMCE) announced revenues of $900,072 with a net loss of $.08 per share for the nine months ended December 31, 2003 as compared to revenues of $905,741 with a net loss of $.05 per share for the nine months ended December 31, 2002.
Three Months Ended Nine Months Ended -------------------------------- --------------------------------- 12/31/03 12/31/02 12/31/03 12/31/02 ---------------- --------------- ---------------- ---------------- (Unaudited) (Unaudited) Revenues $285,708 $293,276 $900,072 $905,741 Operating loss (145,661) (117,054) (391,371) (344,539) Loss before income tax expense (benefit) (122,136) (82,492) (318,881) (230,966) Net loss ($123,136) ($83,492) ($323,881) ($195,966) Loss per share - basic ($0.03) ($0.02) ($0.08) ($0.05) ================ =============== ================ ================ Loss per share - diluted ($0.03) ($0.02) ($0.08) ($0.05) ================ =============== ================ ================ Weighted average shares - basic 4,259,800 4,259,800 4,259,800 4,259,800 Weighted average shares - diluted 4,259,800 4,259,800 4,259,800 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. * * * * * * *