American Claims Evaluation (AMCE) Approves Stock Buyback Plan
American Claims Evaluation, Inc. (Nasdaq: AMCE) has authorized the repurchase of up to 500,000 shares of its common stock, par value $.01 per share, 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. (NOTE - Shares Trade Under $1)
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. provides a range of vocational rehabilitation and disability management services designed to increase injured workers' abilities in order to reintegrate them into their respective communities through its wholly owned subsidiary, RPM Rehabilitation & Associates, Inc. [SM]
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