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Capstone Companies Reports 2018 Year-End Performance

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April 3, 2019

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DEERFIELD BEACH, FL, April 1, 2019 Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that bridge technological innovations with today’s lifestyle reported its financial results for the full year 2018.

Stewart Wallach, Capstone’s Chairman and CEO, commented, “2018 promotional scheduling, as a result of business uncertainties caused by trade negotiations, was significantly reduced and accordingly resulting revenues were disappointing. On a looking forward positive note, the Company has taken aggressive measures to mitigate the future impact of tariff increases and has also ramped up product development efforts to revitalize the Company’s growth by accelerating the 2019 launch of its newly developed smart home product portfolio.”

Mr. Wallach added, “our initial smart home product was introduced at CES in January. This was our first entry in the electronics industry showcase and we have subsequently been covered in numerous industry publications, interviews and were recognized by Android Headlines as one of their “Best of CES” choices.”

Gerry McClinton, Capstone’s CFO, commented further, “while 2018 revenues were down, our Company resources remain stable and we are rapidly preceding to improve the revenue stream through diversifying our product portfolio into high growth areas. Management remained resolute through 2018 to efficiently manage its resources yielding strong year-end cash balances and zero debt standing.”

Webcast and Teleconference to Review Results and Outlook

The Company will host a live webcast and conference call on Tuesday, April 2, 2019 at 10:30 a.m. Eastern Time. During the call, management will review the financial and operating results and discuss the Company’s corporate strategy and outlook, followed by a question-and-answer session. The conference call can be accessed by dialing (201) 689-8562. The listen-only audio webcast can be monitored at www.capstonecompaniesinc.com.

A telephonic replay will be available from 1:30 p.m. ET the day of the call until Tuesday, April 9, 2019. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13686341. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com, along with a transcript, once available.

 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, Limited, in the development, manufacturing and marketing of consumer product to retail channels throughout North America and international markets.

Visit 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 URLs are not incorporated into this press release.

Company:                            

Aimee Gaudet                        
Corporate Secretary
(954) 252-3440, ext. 313
FINANCIAL TABLES FOLLOW. THE FOLLOWING SUMMARY FINANCIAL STATEMENT SHOULD BE READ ALONG WITH THE FORM 10-K FINANCIAL STATEMENT FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

 

 

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