American Pacesetter Reports 1st-Quarter Loss
American Pacesetter reported a first-quarter net loss of $294,000, compared to a net loss of $240,000 the prior year. Revenues fell to $16.1 million, from $18.9 million a year earlier. American Pacesetter is the holding company for Pacesetter Homes Inc., a residential, commercial and industrial developer; San Clemente Savings & Loan Assn., a five-branch S&L; with $160 million in assets, and American Electronics Inc., a manufacturer of precision electromechanical equipment, surveillance equipment and aircraft components.
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