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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 5, 1999
CONSULIER ENGINEERING, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-17756 59 2556878
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(State or other (Commission (IRS Employer Iden-
jurisdiction of File Number) tification No.)
incorporation)
169 Tequesta Drive #31-E, Tequesta, Florida 33469
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(Address of principal executive offices)
Registrant's telephone number: 561-745-9149
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Item 5. OTHER EVENTS
President and Chief Executive Officer Michael G. Maguire announced his
retirement, effective February 12, 1999, from his positions at the
Company and at its affiliate, C-6 Products, Inc. During Mr. Maguire's
presidency, the Company developed the Tool Topper(TM) Workstation
product line, which debuted at the National Hardware Show in August
1998, and acquired an interest in Biosafe Systems Inc., maker of
Zerotol(TM). Company Chairman Warren B. Mosler shall reassume the
presidency, which he held from the Company's inception until March
1989 and again from August 1989 through May 1994. Mr. Mosler is a
principal in Adams, Viner & Mosler, Ltd., a broker-dealer specializing
in arbitrage and government securities trading in West Palm Beach,
Florida.
Item 7. EXHIBITS
99 Press Release
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSULIER ENGINEERING, INC.
By: /s/ Ralph D. Butler
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February 11, 1999 Ralph D. Butler, Secretary
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Exhibit 99
CONSULIER
ENGINEERING, INC.
February 10, 1999
Tequesta, Florida
Contact - Ralph Butler
(561) 842-2492, FAX (561) 845-3237
FOR IMMEDIATE RELEASE -- -- -- --
CONSULIER ENGINEERING CEO RESIGNS
SALES ACCELERATING
Michael G. Maguire has resigned from the positions of President and Chief
Executive Officer of Consulier Engineering, Inc., and President of C-6
Products, Inc. Warren Mosler, Chairman of the Board, will be reassuming the
position of CEO, effective February 12, 1999. Mr. Mosler knows of no specific
reason for the recent increased activity in Consulier Engineering stock.
The Company's earlier projection of $0.50 per share pre-tax earnings for 1999
has recently been supported by new distributor and retail purchases and
reorders of it's CRA-Z Soap hand all purpose cleaner. CRA-Z Soap is now
available at Paccar Automotives chain of auto parts stores throughout the
western states. In addition, contracts have been signed with Omega Trading and
Universal Distributing, San Diego, CA; CRA-Z Northeast Inc., a division of DCS
Rebuilders, White Plains, NY; and R&C Products, Birmingham, England. These
Companies will distribute CRA-Z Soap within their established geographic
regions.
"We are particularly pleased with the results of our CRA-Z Soap Internet
presence (www.cra-zsoap.com)" stated Bernardo Davila, CEO of Southeast
Automotive, a subsidiary of Consulier. "It has created world-wide brand
recognition and continuously attracts new distributors and retailers. The web
site also effectively directs consumers to their local retail outlets. We are
growing exponentially."
Additionally, the retail price for ToolTopper, a ladder top accessory, had been
reduced to $29.95 from $39.95 due to cost reductions (www.tooltopper.com). "A
great product is now aggressively priced right for today's market" says Joyce
Gugel, spokeswoman for C-6 Products, "we are now ready to go into production to
meet the demand of the major retailers." Production capacity is 40,000 units
per month.
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Consulier Engineering, Inc.'s Common Stock trades on the over-the-counter
market under the NASDAQ symbol CSLR.
169 TEQUESTA DRIVE/SUITE 31E/TEQUESTA, FL 33469/PHONE (561) 745-9149
