CSL Reports Third Quarter Results.VALENCIA, Calif.--(BUSINESS WIRE)--Nov. 14, 1997--CSL Lighting Manufacturing Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSLX) Friday Reported a net loss for the three and nine months ended Sept. 30, 1997 of $689,000 and $1,833,000, respectively, or 6 cents and 18 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the three- and nine-month periods ending Sept. 30, 1997 were $3,080,000 and $9,541,000 respectively. The results for the nine months ended Sept. 30, 1997 include a non-cash interest charge of $661,000, or 7 cents per share, relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's financing consummated during 1997. "We have continued to focus our efforts on maximizing the efficiencies of our operations and the expansion of our sales both in the United States and through our newly established international partners," stated Scott Searle, company president. "We are pleased with introduction of Indonesia and Malaysia to our international sales network and look forward to sales in these regions contributing to our growth," added Searle. CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. designs, manufactures and markets performance engineered lighting fixtures for both commercial and residential applications on a worldwide basis. This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expressed or implied. The company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the company. Therefore, there can be no assurance that the forward-looking statement will prove to be accurate. -0- Note to editors: For past press releases and investor relations Investor relations The process by which the corporation communicates with its investors. information on CSL, go to http://www.businesswire.com/cnn/cslx.htm . CONTACT: North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Corporate COnsultants Matt Hayden, 803/272-4652 or CSL Lighting Manufacturing Inc. Mark J. Allen, 805/257-4155 |
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