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

 JERICHO, N.Y., May 21 /PRNewswire/ -- American Claims Evaluation, Inc. (NASDAQ: AMCE) announced revenues of $7,463,800 and net earnings per share of 26 cents for its fiscal year ending March 31, 1993 as compared to revenues of $7,873,334 and net earnings of 35 cents per share for corresponding period ended March 31, 1992. This reflects a decrease in revenues and net earnings of approximately 5 percent and 26 percent, respectively, over last year's comparable figures.
 Net earnings for the third and fourth quarters were adversely affected by continued reductions in the number of claims referred for review by The Travelers Insurance Company, the company's largest customer. The company had previously announced that The Travelers will not be renewing its contract and intends to place its hospital bill audit business with its wholly owned subsidiary.
 AMERICAN CLAIMS EVALUATION, INC.
 Periods Ended Three months Year ended
 March 31, 1993 1992 1993 1992
 Revenues $1,493,363 $2,107,173 $7,463,800 $7,873,334
 Operating earnings 116,425 607,540 1,432,250 2,021,315
 Earnings before provision
 for income taxes 186,118 693,988 1,705,419 2,332,636
 Net earnings 121,118 439,988 1,078,419 1,465,636
 Net earnings per share
 of common stock .03 .10 .26 .35
 Weighted average common
 share and common
 share equivalents 4,195,800 4,259,199 4,212,332 4,194,141
 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- 5/21/93
 /CONTACT: Gary J. Knauer, chief financial officer of American Claims Evaluation, 516-938-8000/
 (AMCE)


CO: American Claims Evaluation, Inc. ST: New York IN: INS SU: ERN

LD-WB -- NY001 -- 1083 05/21/93 08:45 EDT
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Publication:PR Newswire
Date:May 21, 1993
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