Consulier Engineering enters royalty agreement with CRA-Z Soap.TEQUESTA, Fla.--(BUSINESS WIRE)--June 24, 1996--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 through its 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, has entered into an agreement with Masters Marketing & Development Inc. of Sarasota, Fla. wherein Southeast Automotive will receive a royalty of 3.5% of the gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. of CRA-Z Soap. In return, Southeast Automotive will purchase up to $1.6 million of CRA-Z Soap for inventory at a reduced price. Southeast Automotive is currently a distributor of CRA-Z Soap and expects to sell the increased inventory of CRA-Z Soap during its normal course of business. The lower purchase price is expected to improve Southeast's sales margins. CRA-Z Soap Hand Cleanser is the next generation in hand cleansers. It is a unique, heavy duty bar with the ability to remove both surface grime and deeply embedded stains without resorting to petroleum based solvents or skin irritating pumice pumice (pŭm`ĭs), volcanic glass formed by the solidification of lava that is permeated with gas bubbles. Usually found at the surface of a lava flow, it is colorless or light gray and has the general appearance of a rock froth. common to all other hand cleansers. For mechanics, spray painters, shop personnel, printers, and all other craftsmen -- CRA-Z soap is a must. Masters Marketing & Development Inc. will use the proceeds to augment its cash flow and produce an infomercial that will test market in Miami where Southeast Automotive is located. A national sales campaign Noun 1. sales campaign - an advertising campaign intended to promote sales ad blitz, ad campaign, advertising campaign - an organized program of advertisements sales campaign n → campaña de venta is expected to follow. Consulier, Tequesta, is involved in proprietary research and development as well as contracted mechanical engineering services suppporting the automotive, aerospace, medical and home products fields. Consulier's work encompasses development of ideas and products from conceptual design and analysis through hardware prototyping and test. Southeast Automotive, a wholly owned subsidiary located in Miami, engages in the world-wide manufacturing and distribution of automotive spare parts to the wholesale market. CONTACT: Consulier Engineering, Tequesta Ralph Butler 561/745-9149, fax 561/746-3042 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion