Consulier Rceives NASDAQ Compliance Extension.RIVIERA BEACH Riviera Beach (rəvēr`ə), resort city (1990 pop. 27,639), Palm Beach co., SE Fla., on Lake Worth (a lagoon); inc. 1922. Research and development firms are located in the growing city. , Fla. -- 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) ), reported today that on August 4, 2006, NASDAQ granted Consulier an extension to regain compliance with Marketplace Rule 4310(c)(2)(B), which requires that Consulier maintain minimum stockholders equity of $2,500,000. On May 25, 2006, NASDAQ notified Consulier that it was no longer in compliance with Marketplace Rule 4310(c)(2)(B) and was accordingly in danger of being delisted from NASDAQ. On July July: see month. 14, 2006, Consulier advised NASDAQ that it had issued to Warren B. Mosler
In its August 4, 2006, letter to Consulier, NASDAQ stated that it "believes that (Consulier) provided a definitive plan evidencing its ability to achieve and sustain compliance with the Rule," and accordingly granted the extension of time to comply. As a condition of the extension, the Company must file a Report on Form 10-QSB for the quarter June 30, 2006, due August 14, 2006, evidencing compliance with the minimum $2,500,000 stockholders equity requirement. Consulier Engineering, Inc., and its subsidiaries - Mosler Automotive, Patient Care Technology Systems and BioSafe Systems - are engaged in automotive manufacturing, medical software activities, investment activities, and the distribution of Captain Cra-Z Soap. |
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