Acmat Corp.OTC: ACMT

First Quarter Earnings - March 31, 2011

PRESS RELEASE                                                                     June 1, 2011

ACMAT Corporation                                                                    For confirmation call:

233 Main Street                                                                          Henry W. Nozko, Jr., President

P.O. Box 2350                                                                            (860) 229-9000

New Britain, CT 06050-2350

                                   ACMAT REPORTS FIRST QUARTER EARNINGS

                          Three Months Ended March 31,

                                                   2011



                          2010

Revenues

1,682,327

$2,301,026

Net Earnings

291,801

$ 502,077

Basic Earnings Per Share

$ .21

.37

Diluted Earnings Per Share

$ .20

.34

 

ACMAT Corporation reported net earnings of $291,801 or basic earnings per share of $.21 for the quarter ended March 31, 2011 compared with $502,077 or basic earnings per share of $.37 in 2010.

For the quarter ended March 31, 2011, the Company recorded revenues of $1,682,327 compared with $2,301,026 for the same period in 2010.

The Revenues and earnings were less because of a decrease in realized capital gains and the lingering effects of the recession on earned premium.

ACMAT’s Insurance subsidiary, ACSTAR Insurance Company is licensed nationwide and provides surety bonds for all segments of the construction industry. ACSTAR also provides commercial and miscellaneous surety and some general liability insurance.