Consulier Engineering, Inc. Announces First Quarter Results.RIVIERA BEACH Riviera Beach (rəvēr`ə), resort city (1990 pop. 27,639), Palm Beach co., SE Fla., on Lake Worth (a lagoon); inc. 1922. Research and development firms are located in the growing city. , Fla. -- Consulier Engineering, Inc. (Nasdaq:CSLR CSLR Center for Spoken Language Research (University of Colorado at Boulder) CSLR Center for the Study of Law and Religion (Emory University School of Law; Atlanta, Georgia) ) today announced that during its first quarter results ended March 31, 2006, sales increased approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $271,000 from the comparable amounts recorded during the quarter ended March 31, 2005, due to the successful completion of installation of Amelior ED(TM) Products by PCTS PCTS POSIX Conformance Test Suite PCTS Program Correspondence Tracking System PCTS Project Closure Tracking System (construction software) PCTS Posix Compliance Test Suite , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (majority owned by ST, LLC). During the quarter ended March 31, 2006, other income decreased by approximately $535,000 from the comparable amounts for the quarter ended March 31, 2005. This was primarily a result of the decrease in investment income of approximately $293,000, and an increase in interest expense of approximately $145,000. "Investment in BioSafe Systems, LLC ("BioSafe") - Equity in the loss of BioSafe" was approximately $51,000 in the first quarter of 2006, compared to income of approximately $6,000 for the quarter ended March 31, 2005. This represents the Company's 40% interest in BioSafe's net loss of approximately $127,000 in the three months ended March 31, 2006, compared to income of approximately $15,000 in the three months ended March 31, 2005. "Investment in AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there , L.P. ("AVM") - Equity in the income of AVM" was approximately $413,000 in the first quarter of 2006 compared to income of approximately $707,000 for the quarter ended March 31, 2005. This represents the Company's 5.3% interest in AVM's net income of approximately $7,700,000 in the first quarter of 2006 compared to income of approximately $12,200,000 in the first quarter of 2005. About Consulier Engineering, Inc. Consulier Engineering, Inc. and its subsidiaries are engaged in medical software activities, investment activities, and the distribution of Captain Cra-Z Soap(TM). For more information about Consulier, please visit its web site at www.consulier.com.
Consolidated Operating Results
Unaudited
Quarter Ended
March 31, 2006 2005
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Revenue 469,166 197,785
Operating Expenses 3,379,910 2,017,789
Operating Income (Loss) (2,910,744) (1,820,004)
Other Income (Expense) 239,335 774,356
(Loss) from Operations Before Minority
Interest and Income Taxes (2,671,409) (1,045,648)
Minority Interest in Consolidated
Subsidiary Losses -- 1,216,081
Income (Loss) from Operations Before Income
Taxes (2,671,409) 170,433
(Provision) Benefit for Income Taxes -- (66,284)
Net Income (2,671,409) 104,149
Basic and Diluted Income Per Share (.51) (.02)
Shares Outstanding 5,243,105 5,243,105
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