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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
This article concerns an American auto company. For the now-defunct manufacturer of safes and bank vaults, see Mosler Safe Company.
Mosler Automotive
, the chairman and majority shareholder of Consulier, 166,204 shares of its common stock in exchange for $600,000 of Consulier's debt to Mr. Mosler, which increased Consulier's net capital to $2,523,089.

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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Publication:Business Wire
Geographic Code:1USA
Date:Aug 7, 2006
Words:229
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