American Claims Evaluation, Inc. Announces Share Repurchase Plan
19 Março 2008 - 1:04PM
Business Wire
American Claims Evaluation, Inc. (Nasdaq:AMCE) (the �Company�)
today announced that the Company�s Board of Directors has
authorized the repurchase of up to 500,000 shares of its common
stock, par value $.01 per share (�Common Stock�), trading on The
NASDAQ Capital Market under the symbol "AMCE", at a purchase price
per share below the Common Stock�s net asset value as reported in
its then most recently publicly-reported financial statements. The
Company intends to appoint a brokerage firm as its agent in
executing such transactions. The Company anticipates that share
repurchases will be made from time to time depending upon market
conditions. Shares may be repurchased in the open market, through
block purchases or through privately negotiated transactions and
the Company does not intend to repurchase any shares from directors
or officers. The share repurchase plan will not obligate the
Company to acquire any specific number of shares and may be
discontinued at any time. The Company intends to fund repurchases
with available cash. The share repurchase plan will be in effect
through December 31, 2008. 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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