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Consulier Engineering Reports First Quarter Earnings and 1999 Outlook.


TEQUESTA
This page is about the Tequesta Native American tribe. See Tequesta, Florida for information on the city.


The Tequesta (also Tekesta, Tegesta, Chequesta, Vizcaynos
, Fla.--(BUSINESS WIRE)--May 19, 1998--Consulier Engineering 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
: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) 
) of Tequesta, reported net income for the three month period ended March 31, 1998 of $28,202 or $.01 per common share, compared to net income of $183,438 or $.07 per common share, for the three month period in 1997.

Net income was lower in the first quarter primarily because of the increase in selling, general and administrative expenses. These expenses increased 26% in the first quarter from $383,658 to $484,756. The primary reason for the increase was pre-production expenses related to the engineering, development and manufacturing of the Tool Topper Topper

house he purchases is haunted by the young couple who owned it previously and their dog. [Am. Lit., Cin., TV: Topper in Halliwell, 718]

See : Ghost


Topper

Hopalong Cassidy’s faithful horse.
(tm) ladder mounted work platforms.

"The outlook for 1999 is very promising," said Warren Mosler, chairman of the board of Consulier. "It appears sales are rebounding and the new facilities occupied by Southeast Automotive (distributor 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
 and CRA-Z Soap) have reduced fixed costs fixed costs,
n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation).
 and increased operating efficiency. CRA-Z Soap sales continue to increase, with the first quarter doubling from last year. We expect more dramatic increases as the year continues, this due to hiring of salespeople sales·peo·ple  
pl.n.
Persons who are employed to sell merchandise in a store or in a designated territory.
 and the introduction of CRA-Z Soap to the internet. The Tool Topper(tm) ladder top workstation will be ready for production in August 1998, with a production capacity of 40,000 units per month or approximately $750,000 per month of gross revenues. Bio Safe is steadily increasing its sales and will also contribute to 1999 earnings. We are projecting $0.60 per share pre-tax earnings for 1999."

Financial information is summarized as follows: -0-

                      CONSULIER ENGINEERING INC.

                                          Three Months Ended
                                  March 31, 1998      March 31, 1997

Net revenues                        $ 636,228            $ 844,107
Gross profit                        $ 301,946            $ 350,155

Operating loss                      $(219,322)           $ (62,907)

General & administrative expense    $ 484,756            $ 383,658

Research & development expense      $  36,512            $  29,404

Investment income                   $ 250,747            $ 299,901

Net income                          $  28,202            $ 183,438

Average number of common
  and common equivalent
  shares outstanding                2,482,468            2,523,125

Basic and diluted
 earnings per share                 $     .01            $     .07


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.

CONTACT: Consulier Engineering Inc., Tequesta

Michael G. Maguire

561/745-9149, FAX 561/746-3042
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 19, 1998
Words:366
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