PALMETTO, FL--(NewMediaWire- Dec 13, 2016) - American Fiber
Optics Group, Inc. (a wholly owned subsidiary of Capstone
Technologies Group Inc. (OTC PINK: CBLY) is proud and excited to announce that
financing has been secured through its parent company, for site
acquisition, build-out and to equip a state-of-the-art
manufacturing facility in the Detroit, Michigan area. This new
entity will address the shortage in the marketplace for Fiber
Optics Cable, initially in the USA and eventually worldwide.
CEO Clinton L. Stokes III is quoted as saying, "This is a great
day and the dawning of a New Year which is right in line with the
new Administration's promise to create new American jobs. This new
high technology facility in the Detroit, Michigan area, which has
seen a mass exodus of manufacturing jobs from the country, will
bring hundreds of construction and permanent, high paying
manufacturing jobs back to the Motor City."
COO Ken Mayeaux stated, "The technology that will be used at the
American Fiber Optics Group plant will be the best currently
available process for producing fiber optics cable anywhere in the
world. Our goal is to be the technology leader in this field
and provide technical and skilled American jobs to support the high
demand for our products as America rebuilds its infrastructure, and
to show the world that 'Made in the
USA' still means something."
This announcement comes at a perfect time, as America begins to
turn the corner and once again become competitive with the rest of
the world as a manufacturing leader. American Fiber Optics Group
will continue to expand its footprint within the USA as demand for
its product increases. Current growth of the multi-billion dollar
Fiber Optics market is in excess of 11% per year, with that number
expected to rise, as fiber optics cable makes its way into
developing countries worldwide. Since announcing this project,
potential clients have been lining up to secure American Fiber
Optics Group's finished products.
For more information and details, please visit our
website: www.afogrp.com
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This press release may contain forward looking statements
and or observations which are based on current expectations,
forecasts, and assumptions that involve risks as well as
uncertainties that could cause actual outcomes and results to
differ materially from those anticipated or expected, including
statements related to the amount and timing of expected revenues as
well as any payment of dividends on our stock, statements related
to our financial performance, expected income, distributions, and
future growth for upcoming quarterly and annual periods. These
risks and uncertainties include but not limited to information as
contained within the Company's most current quarterly reports,
annual reports, and or other such filings as may be accessed
through the OTCBB website. Furthermore, the Company disclaims any
intention or obligation to update or revise any such forward
looking statements, whether as a result of new information, future
events, or otherwise. We have incurred and will continue to incur
significant expenses in our expansion of our existing as well as
new product lines noting there is no assurance that we will
generate enough revenues to offset those costs. Additional product
offerings may expose us to additional legal and regulatory costs
and unknown exposure(s) based upon the variables as associated with
the general business channel we are operating in, the impact of
which cannot be predicted at this time including risks as
associated with our product and recent FDA pronouncements.
Additionally, our 1-A registration statement will generate
additional free trading shares to the marketplace at a
pre-determined price which may impact our share pricing within the
OTC marketplace in a manner that we cannot predict.