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Consulier Engineering CEO Resigns; Sales Accelerating.


TEQUESTA, Fla.--(BUSINESS WIRE)--Feb. 10, 1999--Michael G. Maguire has resigned from the positions of president and chief executive officer of 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) 
), and president of C-6 Products Inc. Warren Mosler, chairman of the board, will be reassuming the position of 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. , effective Feb. 12, 1999.

Mosler knows of no specific reason for the recent increased activity in Consulier Engineering stock.

The company's earlier projection of $0.50 per share pre-tax earnings for 1999 has recently been supported by new distributor and retail purchases and reorders of its CRA-Z Soap hand and all purpose cleaner. CRA-Z Soap is now available at Paccar Automotives chain of auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
  • Air filter
  • Automobile self starter
  • Bell housing
  • Brakes
  • Bucket seat
  • Bumper
  • Buzzer
  • Battery
 stores throughout the western states. In addition, contracts have been signed with Omega Trading and Universal Distributing, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. ; CRA-Z Northeast Inc., a division of DCS (1) See also DSC.

(2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect.
 Rebuilders, White Plains, N.Y.; and R&C Products, Birmingham, England. These companies will distribute CRA-Z Soap within their established geographic regions.

"We are particularly pleased with the results of our CRA-Z Soap Internet presence (www.cra-zsoap.com)," stated Bernardo Davila, CEO of Southeast Automotive, a subsidiary of Consulier. "It has created world-wide brand recognition and continuously attracts new distributors and retailers. The web site also effectively directs consumers to their local retail outlets retail outlet npunto de venta

retail outlet npoint m de vente

retail outlet retail n
. We are growing exponentially."

Additionally, the retail price of ToolTopper, a ladder top accessory, has been reduced to $29.95 from $39.95 due to cost reductions (www.tooltopper.com). "A great product is now aggressively priced right for today's market," said Joyce Gugel, spokeswoman for C-6 Products. "We are now ready to go into production to meet the demand of the major retailers." Production capacity is 40,000 units per month.

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.
 under the NASDAQ symbol CSLR.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 11, 1999
Words:298
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