Capstone Technologies Group, Inc. Procures Multi-Million USD Equipment Contract
February 09 2017 - 4:34PM
InvestorsHub NewsWire
IRVINE, CA--(NewMediaWire - Feb 9, 2017)
- CAPSTONE TECHNOLOGIES GROUP,
INC. (OTC
PINK: CBLY), through its subsidiary, PPB Engineering and
Systems Design, Inc., has signed a $7.8 Million equipment contract
with Fasten Group, a subsidiary of Jiangsu Fasten Co. LTD
(000890.SZ), who is in a joint venture with Seaspire Advisors, LLC
for this transaction. Negotiations with this leading, fiber
optic cable company have been ensuing for several months now,
culminating in a fully approved and executed contract.
The machines being built for Fasten Group will give the company
the ability to produce fiber optic preforms, which will be further
processed into fiber optic cable to fulfill the ever increasing
growth and demand in the Asian market.
Capstone CEO, Clinton Stokes, III, is quoted as saying,
"This opportunity with one of the largest fiber optic cable
providers in the world, creates a tremendous launching pad for
Capstone and its subsidiary companies. The Fasten Group
contract represents an excellent, long-term arrangement for
Capstone to establish itself as a leader in this market
sector."
And Capstone CTO, Wesley Poff, added, "We are very happy to
bring this state-of-the-art technology to the Asian market and look
forward to a prosperous and mutually beneficial long-term
relationship with Fasten Group, a market giant."
Fasten Group's initial deposit of $2.3 Million has been approved
for disbursement to PPB immediately. This Agreement represents
the first of many significant revenue contracts for Capstone
Technologies Group and its family of technology companies. The
market for fiber optic cable worldwide is experiencing a steady
increase in demand, therefore Capstone anticipates exponential
growth for its group of companies as it ramps up to satisfy the
global need for fiber optic cable.
ABOUT CAPSTONE TECHNOLOGIES GROUP
Capstone Technologies Group is perfectly affixed as the Top
Structure of a growing list of visionary technology companies,
destined to change the world in which we live by taking up the
challenge of making the USA the manufacturing giant it once
enjoyed. We believe in the strength and ingenuity of the American
manufacturing market and the people that are dedicated to bring the
best of new technologies to the marketplace, right here in the
place where the manufacturing industry was born. We will take the
existing foundation and history of American greatness and integrate
that with advances in technology, to bring to worldwide consumers
those leading edge products they demand.
Capstone is focused on forward looking entities that have
distinguished themselves as leaders in their fields and are looking
for investment and leadership to move their vision to fruition. We
can bring forth the financial, logistical and outside the box
thinking to develop a succinct and streamlined path to market.
www.capstonetechgrp.com
www.afogrp.com
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intention or obligation to update or revise any such forward
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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
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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.
CONTACT INFORMATION
Investor Contact:
Capstone Technologies Group, Inc.
Info@capstonetechgrp.com
(888) 676-4138
SOURCE: Capstone Technologies Group, Inc.
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