American Claims Evaluation, Inc. Reports First Quarter Results.

Business Editors

JERICHO, N.Y.--(BUSINESS WIRE)--Aug. 13, 2002

American Claims Evaluation, Inc. (NASDAQ:AMCE) announced revenues of $312,466 and a net loss of $48,695 ($.01 loss per share) for the three month period ended June 30, 2002 as compared to revenues of $324,589 and a net loss of $33,441 ($.01 loss per share) for the comparable period ended June 30, 2001.

                                            Three Months Ended
                                    June 30, 2002        June 30, 2001

                                               (Unaudited)

Revenues                            $   312,466          $   324,589

Operating loss                         (106,635)            (132,919)

Loss before income tax benefit          (66,695)             (37,441)

Net loss                            $   (48,695)         $   (33,441)

Net loss per share:
         Basic                      $      (.01)         $      (.01)
                                    ============         ============
         Diluted                    $      (.01)         $      (.01)
                                    ============         ============

Weighted average common shares
 outstanding:
         Basic                        4,259,800            4,273,500
         Diluted                      4,259,800            4,273,500

Selling, general and administrative expenses for the first quarter of fiscal 2002 included amortization of goodwill of $8,106. No such amortization expense was recognized in the first quarter of fiscal 2003 due to the Company's adoption of Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," effective April 1, 2002.

The Company continues its search for suitable acquisition candidates. Potential acquisitions will be evaluated based on their merits within the Company's remaining line of business, as well as other fields.

Except for the historical information herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including risks detailed from time to time in the Company's SEC reports, including the report on Form 10-KSB for the year ended March 31, 2002.

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: [phone].