Capstone Companies Expects Record First Quarter Sales
April 02 2014 - 10:05AM
Capstone Companies, Inc. (OTCQB:CAPC), a leader in the design and
manufacture of specialty power failure lighting solutions and
innovator of consumer safety and security products for the
Hospitality, Retail and Institutional channels, announced today
that it is expecting net sales for the quarter ending March 31,
2014 to be in the range of $3.0 million to $3.2 million.
Highlights driving the preliminary record-breaking first quarter
sales levels include:
- The domestic distribution model initiated in 2012, which
enabled the Company to capture additional large retailers and gain
more shelf space year round.
- New product development that provides more product to push
through the Company's larger retailer channel.
Stewart Wallach, CEO of Capstone Companies, commented, "Our
expected record first quarter sales provide a strong start to 2014
as we come off of a record year in 2013. Our current order
levels also indicate that our first half could be in the range of
$4.5 million to $5.0 million nearly three times sales realized in
the first half of last year."
He continued, "As important as we look forward are the new
product introductions for 2014, specifically those developed
through collaboration with AC Kinetics that will be debuted at the
Hardware Show early next month. Product innovation is
paramount to continue to drive growth over the long term."
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that
engages, through its wholly-owned subsidiaries, Capstone
Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone
International HK, Ltd., in the development, manufacturing,
logistics, and distribution of consumer and institutional products
to accounts throughout North America and in international
markets. See www.capstonecompaniesinc.com for more information
about the Company and www.capstoneindustries.com for information on
our current product offerings.
FORWARD-LOOKING STATEMENTS:
This news release contains "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of
1995, as amended. Such statements consist of words like
"anticipate," "expect," "project," "continue" and similar
words. These statements are based on the Company's and its
subsidiaries' current expectations and involve risks and
uncertainties, which may cause results to differ materially from
those set forth in the forward-looking statements. Factors
that may cause actual results to differ materially from those
contemplated by such forward-looking statements, include consumer
acceptance of the Company's products, its ability to deliver new
products, the success of its strategy to broaden market channels
and the relationships it has with retailers and
distributors. Prior success in operations does not necessarily
mean success in future operations. The ability of the Company
to adequately and affordably fund operations and any growth will be
critical to achieving and sustaining any expansion of markets and
revenue. The introduction of new products or the expanded
availability of products does not mean that the Company will enjoy
better financial or business performance. The risks associated with
any investment in Capstone Companies, Inc., which is a small
business concern and a "penny-stock Company" and, as such, a highly
risky investment suitable for only those who can afford to lose
such investment, should be evaluated together with the risks and
uncertainties more fully described in the Company's Annual and
Quarterly Reports filed with the Securities and Exchange
Commission. Capstone Companies, Inc. undertakes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events, or
otherwise. Contents of referenced URL's are not incorporated
into this press release.
CONTACT: Company:
Aimee Gaudet
Corporate Secretary
(954) 252-3440, ext 313
Investor Relations:
Garett Gough, Kei Advisors LLC
(716) 846-1352
ggough@keiadvisors.com
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