EXHIBIT 99.1



                        AMERICAN CLAIMS EVALUATION, INC.
                   REPORTS FOURTH QUARTER AND YEAR END RESULTS


JERICHO, NY, June 18, 2004: American Claims Evaluation, Inc. (NASDAQ:AMCE)
announced revenues of $1,190,921 with a net loss of $.11 per share for the year
ended March 31, 2004 as compared to revenues of $1,197,700 with a net loss of
$.16 per share for the year ended March 31, 2003.




                                                       Three Months Ended                     Year Ended
                                                 -------------------------------   ---------------------------------
                                                    03/31/04        03/31/03          03/31/04         03/31/03
                                                 -------------------------------   ---------------------------------
                                                          (Unaudited)
                                                                                           
Revenues                                                $290,849       $291,959         $1,190,921       $1,197,700

Operating loss                                         (170,388)      (507,774)          (561,759)        (849,313)

Loss before income tax (benefit) expense               (149,705)      (473,388)          (468,586)        (704,834)

Net loss                                              ($150,705)     ($474,868)         ($474,586)       ($670,834)

Net loss per share - basic                               ($0.04)        ($0.11)            ($0.11)          ($0.16)
                                                 ===============================   =================================
Net loss per share - diluted                             ($0.04)        ($0.11)            ($0.11)          ($0.16)
                                                 ===============================   =================================
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


During the fourth quarter of the year ended March 31, 2003, the Company
performed its annual impairment testing of goodwill as required by Statement of
Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets. As
a result of this test, the Company concluded its goodwill was impaired due to
its continued operating losses and decreases in market capitalization.
Specifically, the fair value of the Company at the consolidated level based on
its market capitalization was compared to its carrying value. This process
indicated that the Company's carrying value exceeded its fair value. The fair
value was then allocated to all of the Company's assets and liabilities. There
was no excess fair value over the fair value allocated to the Company's net
assets indicating that goodwill was impaired. As a result, the Company recorded
a non-cash charge of $371,536 to operations to reflect this impairment of
goodwill.

Except for the historical information contained herein, the matters discussed in
this press release may contain forward-looking statements that involve risks and
uncertainties. The Company's actual results may differ materially from the
results discussed in forward-looking statements. Factors that might cause such a
difference include, but are not limited to, general economic and



market conditions, the potential loss or termination of existing clients and
contracts and the ability of the Company to successfully identify and thereafter
consummate one or more acquisitions.

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.



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