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Microcap & Penny Stocks
CSLX (CSL Lighting Manuafacuring, Inc.)
An SI Board Since June 1998
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Emcee:  Tazman Type:  Unmoderated
CSL Lighting Manufacuring Inc. (d/b/a Creative Systems Lighting)
NASDAQ SmallCap Market: CSLX

The company is currently traded on the NASDAQ SmallCap Market, and may be delisted due to a lack of maintaining a bid of $1 (the company meets all other NASDAQ SmallCap Market requirements). The company has an accumulated deficit as of March 31, 1998 of $11,846,000. This company, however, may be waking up after a long slumber. The company's new web site promoting their products, a marginal profit in the latest quarter after many quarters of losses, and their relatively small outstanding and float for a company this size could bring investors a nice return from these price levels. As of this writing the stock is near its 12-month and historic lows, and is currently about 1/8 and may be worth a peek at this price.

Business Briefing:
CSL Lighting Manufacturing makes lighting fixtures for commercial and residential markets under the Creative Systems Lighting name. These products include lights for kitchen counters, hanging lamp fixtures, and flush mounted wall and ceiling units. Approximately 70% of CSL's products use halogen light sources, which are smaller, longer lasting, and more energy efficient than incandescent sources. The company's
products, made in the US, Europe, and Asia, are sold to wholesale and retail customers through lighting showrooms and retail specialty stores primarily in the US and Canada.

Income, Balance Sheet and Ratio Charts:
wsrn.com

Company Information & Research:
wsrn.com
marketguide.com

Stock Info:
Equity: Common Stock $.01 Par, 12/97, 30M auth., 14,067,000 issd., less 515,000 shs. in Treas. @ $1.2M. Insiders own 26%. IPO :3/94, 1.6M shs @ $5 by Thomas James & Assoc. (As of 12/97) LTD: $2.6M @ 9.97% - 11.5%, $1.5M @ 7% - 12% (conv. @ $2.875 - $2/share), $44K in leases. 2/96, issd. 660K shs., 4/96, issd. 775K shs pvt. placement, 10/96, issd. 329K shs.

Recent Newstories:
businesswire.com

Important Recent Developments:
businesswire.com (CSLX takes business to the Net)
biz.yahoo.com (Turnaround? First profitable quarter since at least early 1996)

allstocks.com
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