Consulier Engineering, Inc. Warns of Casualty Loss; Options Granted to Purchase Entertainment Systems Technology, Inc. Shares.Business Editors WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 10, 2000 Ralph Butler, Chief Financial Officer, expects Consulier (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) ) to take a one time charge of $1,092,586. The Company suffered extensive hurricane damage when Hurricane Irene made landfall in Miami, resulting in the destruction of a large portion of its inventory and damage to its equipment and physical plant. The Company's insurance claim has been rejected by the insurance company and the dispute is currently in Federal court. The Company expects to prevail and recover the entire loss. In a separate matter, Mr. Warren B. Mosler, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Consulier Engineering, Inc. today has granted Consulier the option to purchase 800,000 shares of Entertainment Systems Technology, Inc. ("EST EST electroshock therapy. EST abbr. electroshock therapy ") at $5.00 per share. This currently represents 10% of the 8 million outstanding shares of EST. Entertainment Systems Technology, Inc. of Huntington Beach, California Huntington Beach is a seaside city in Orange County in southern California. As of the 2000 census, the city population was 189,594. It is bordered by the Pacific Ocean on the west, by Seal Beach on the north, by Costa Mesa on the south, by Westminster on the northeast, and by www.entsystech.com is the owner of the Fun Pad(TM), www.funpad.com and is privately held and not publicly traded. Consulier Engineering, Inc.'s Common Stock trades on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. , NASDAQ symbol CSLR. |
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