American Claims Evaluation, Inc. Annual Meeting of Shareholders Adjourned until October 31, 2007.JERICHO Jericho, city, West Bank Jericho (jĕr`ĭkō) [Heb.,=fragrant, or city of the moon god], Arab. Ariha, town (2003 est. pop. , N.Y. -- American Claims Evaluation, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMCE AMCE Appliance Manufacturer Conference & Expo ) (the "Company") announced today that it held its Annual Meeting of Shareholders (the "Annual Meeting") on October 9, 2007. At the Annual Meeting, the following proposals were voted on and approved by a majority of all outstanding shares of common stock ("Shares"): (a) to elect four Directors to the Board of Directors (Proposal #1); (b) to approve an amendment of the Company's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to amend the purposes for which the Company is organized to engage in (Proposal #2); (c) to approve an amendment of the Company's Certificate of Incorporation increasing the total number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of common stock, par value $.01 per share, from ten (10) million shares to twenty (20) million shares (Proposal #3); (d) to approve an amendment of the Company's Certificate of Incorporation permitting the Company's shareholders to act without a meeting by written consent of the holders of less than all of the outstanding shares (Proposal #4); and (e) to approve the Company's 2007 Stock Incentive Plan (Proposal #6). As the Company's Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. for the Annual Meeting indicated, because of the percentage of beneficial ownership of the Company's Shares held by directors and management, election of the directors nominated and referred to in the Proxy Statement, approval of these proposals was assured. However, the Company recognized that a number of shareholders had only recently received their proxies and did not have enough time to consider and vote on a proposal to approve an amendment of the Company's Certificate of Incorporation prescribing a majority vote of the outstanding Shares for the adoption or approval of a plan of merger or consolidation, the sale, lease, exchange or other disposition of all or substantially all of the assets of the Company, or a plan of binding share exchanges ("Proposal #5"). The adoption of this proposal requires the affirmative vote of not less than two-thirds of all outstanding Shares entitled to vote. Although 97.7% of all Shares voted to date have been cast in favor of Proposal #5, the Company has not yet received sufficient votes on the proposal for its approval. Accordingly, the Annual Meeting was adjourned and voting on Proposal #5 was deferred to allow additional time for its shareholders to act upon and consider its approval. The Annual Meeting will be reconvened at the offices of Siller Wilk LLP LLP - Lower Layer Protocol , 675 Third Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10017, on Wednesday, October 31, 2007, at 11:00 a.m., local time, to act upon this matter. The Company encourages all shareholders to read the Proxy Statement, dated September 14, 2007, and to submit a proxy indicating their vote on Proposal #5. The record date for shareholders entitled to vote remains August 31, 2007. The Company may consider additional adjournments to allow shareholders additional time to vote on Proposal #5 if sufficient votes have not been received as of the date of the reconvened meeting. Shareholders who need proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other are encouraged to contact Gary J. Knauer, Corporate Secretary, at (516) 938-8000. American Claims Evaluation, Inc., through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , 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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