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Consulier Engineering Reports Win of Insurance Suit in Summary Judgment.


Business Editors

RIVIERA BEACH, Fla.--(BUSINESS WIRE)--April 23, 2001

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) 
) of Riviera Beach, Florida Riviera Beach is a city in Palm Beach County, Florida, U.S.A. which was incorporated September 29, 1922. The population was 29,884 at the 2000 census. As of 2004, the population was estimated by the U.S. Census Bureau to be 32,522.  reported their wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Southeast Automotive Acquisition Corporation, received a favorable ruling on its Motion for Summary Declaratory Judgment against American States Insurance Company, and is now proceeding to discussions of the actual amount of the claim to be paid.

Southeast Automotive had claimed losses of approximately $2 million after its inventory of CRA-Z Soap(TM) and automotive parts which were rendered unsaleable unsaleable
Adjective

unable to be sold

Adj. 1. unsaleable - impossible to sell
unsalable

unsaleable, unsalable (US) adjinvendible 
 due to water damage caused by Hurricane Irene in 1999. "Our claims are more than justified" said Attorney Alan Simon, also a director of CSLR. "We hope to reach an agreement with the insurance company on the final amount in short

order, now that the Judge has ruled that our inventory was indeed insured under our insurance policy."

First quarter 2001 contracted sales were just under $100,000 as distribution of the replacement inventory of hand and all purpose cleaner got underway, including a recently announced strategic alliance with Veridien Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: VRDE). The company expects to achieve sales of $100,000 per month later this year.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 23, 2001
Words:190
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