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Consulier Engineering Inc. Announces the Election of Fani and Notter

15 November 1999

Consulier Engineering Inc., Tequesta, Fla., Announces the Election of Dr. Skender Fani and Mr. John L. Notter to the Company's Board of Directors

    TEQUESTA, Fla.--Nov. 15, 1999--Consulier Engineering, Inc., at the annual meeting of shareholders on November 11, 1999, elected Dr. Skender Fani and Mr. John L. Notter to the company's Board of Directors.
    Dr. Fani is the Chairman of the Board of Otis Elevators-Austria. He is the Chairman of Heim GmbH, a substantial real estate company in Vienna, Austria and Chairman of Polster GmbH, an Advertising, Public Relations, and Sports Management Corporation in Germany and Austria. He is Chairman of La Carafe GmbH, one of the leading restaurant and entertainment companies in Austria.
    Dr. Fani is a corporate lawyer in Austria, also specializing in sports and entertainment law. For the past 20 years he has represented the top sports and entertainment personalities throughout Europe. He is the personal advisor to the Presidents of many of Europe's top Soccer teams, including MAGNA-Austria, FC Barcelona, AS Roma, and Casino Salzburg. He is the past Chairman of Rapid-Vienna, one of Europe's most prestigious and historical soccer clubs. Dr. Fani has a home in Palm Beach County, Florida where he spends a considerable amount of time.
    Mr. Notter presently serves on the Board of Directors of Hilton Hotels Corp. He is the Chairman of the Board of Swiss American Investment Corp., European American Holdings, and Sherwood Holdings Ltd. He is currently on the Board of the Frank W. Jobe Foundation and the advisory board of Pepperdine University.
    From 1964 to 1979, Mr. Notter was the Operating Head of the entire D.K. Ludwig Group of Companies, consisting of a large network of companies around the world with major commitments in savings and loan associations, real estate, hotels, shipping, agriculture, and mining.
    During his time as the Head of the D.K. Ludwig Group of Companies, Mr. Notter held the position of Chairman of the Boards of the Ludwig Institute for Cancer Research, American Hawaiian Steamship Company, Princess Hotels, and European American Securities. He was the President of National Bulk Carriers, Inc. and Universe Tankships, Inc., and the developer of Westlake Village, California.
    In the past, Mr. Notter has served on the Board of Directors of Credit Swiss-First Boston, Pepcom Industries (Suntory), and York-Hanover, Ltd., and on the advisory board of Chemical Bank and Columbia University-International Business.
    "We are more than pleased with the additions of Dr. Fani and Mr. Notter. They will both be active participants and apply their extensive capabilities towards the enhancement of shareholder value," said Warren Mosler, Chairman and C.E.O. of Consulier Engineering, Inc.