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AMERICAN CLAIMS EVALUATION, INC. ENTERS INTO LETTER OF INTENT FOR PROPOSED ACQUISITION OF VOCATIONAL REHABILITATION SERVICES COMPANY

 JERICHO, N.Y., May 12 /PRNewswire/ -- American Claims Evaluation, Inc. (NASDAQ: AMCE), today announced it has entered into a letter of intent for the proposed acquisition of a privately-held West Coast corporation which is in the business of providing vocational rehabilitation services. Such company delivers a full range of services designed to maximize injured workers' abilities, in order to reintegrate them into their respective communities.
 The acquisition is to be effected on a cash basis with a down payment at closing plus an additional amount contingent on future earnings. Such entity, which has been in existence since 1986, had annual revenues of approximately $1,600,000 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 consumption of a legally binding stock purchase agreement, and other contingencies.
 Earlier this week, American Claims announced it had entered into a letter of intent with an Illinois-based entity engaged in providing post acute outpatient evaluation and treatment programs specializing in community-based rehabilitation services for individuals who have experienced a brain injury or other neurological impairment. During their respective most recent fiscal years, the two companies proposed to be acquired had combined revenues of approximately $5,600,000.
 American Claims Evaluation, Inc., is a health care cost containment services company in the business of verifying the accuracy of hospital bills throughout the United States submitted to its clients for payment; such clients include commercial health insurance companies, third-party administrators, health maintenance organizations and self-insured corporate clients. The company's services are designed to enable its clients to pay only for those medical services that were actually provided to the patient.
 -0- 5/12/93
 /CONTACT: Gary J. Knauer, chief financial officer of American Claims, 516-938-8000/
 (AMCE)


CO: American Claims Evaluation, Inc. ST: New York IN: HEA SU: TNM

WB-GK -- NY070 -- 7635 05/12/93 13:48 EDT
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Publication:PR Newswire
Date:May 12, 1993
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