Capstone Companies Announces Over 85% Growth in 2016
January 30 2017 - 6:30AM
Capstone Companies, Inc. (OTCQB:CAPC) (“Capstone” or the
“Company”), a designer of innovative LED lighting solutions
including power failure lighting, today announced preliminary 2016
revenue will be slightly over $30 million, exceeding previous 2016
revenue guidance of $28 million to $30 million.
Stewart Wallach, Capstone’s President and CEO, commented,
“Significant growth of more than 85% in 2016 following double-digit
growth in 2015 clearly demonstrates Capstone’s ability to meet and
exceed the expectations of our customers. I believe that this
momentum will carry into 2017 and we are excited about delivering
another year of solid growth.”
Capstone will be participating in the NobleCon13 investor
conference today, January 30, 2017, with Mr. Wallach presenting at
1:00 pm ET. A video webcast of the presentation and a copy of
the presentation materials will be available on the Company’s
website at www.capstonecompaniesinc.com or at the conference
website, www.nobleconference.com.
The Company expects to release early unaudited financial results
for the fourth quarter and full year 2016 in early March 2017.
About Capstone Companies, Inc. Capstone
Companies, Inc. is a designer of innovative LED lighting solutions
including power failure lighting, for consumers and
institutions. The Company’s products are sold under the
Capstone Lighting® and Hoover® HOME LED brands, to big box
retailers, wholesale clubs, and home improvement stores throughout
North America and in international markets. Capstone’s
strategy is to utilize its low-cost manufacturing base to provide
high-quality consumer products to its customers at a reasonable
price, using primarily direct import distribution.
Visit www.capstonecompaniesinc.com for more information about
the Company and www.capstoneindustries.com for information on our
current product offerings.
For more information, contact
Company:
Aimee Gaudet
Corporate Secretary
(954) 570-8889, ext. 313
Investor Relations:
Garett Gough, Kei Advisors LLC
(716) 846-1352
ggough@keiadvisors.com
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