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Capstone Companies Reports Second Quarter 2018

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August 14, 2018

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DEERFIELD BEACH, FL, August 14, 2018Capstone 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, today reported its financial results for the second quarter 2018.

Stewart Wallach, Capstone’s CEO, commented, “Our revenues declined through Q2 as sell through of the company’s LED products did not meet retailer’s projections. Carryover inventories have balanced at Q2 and company is resuming distribution of its new products in Q3. We are glad to have to have this challenge behind us and the management can now turn its attention to executing the Company’s new product strategy.”

Gerry McClinton, Capstone’s CFO, added, “In spite of the decline in revenues, the Company’s cash position of approximately $2.8 million, with zero loan balances, resulting in zero interest paid in the half year, combined with our recent bank line being significantly expanded, will provide more than adequate funding to ensure that new product line initiatives will not be compromised.”

Webcast and Teleconference to Review Results and Outlook

The Company will host a live webcast and conference call on Wednesday, August 15, 2018 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.  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. Eastern Time the day of the teleconference until Wednesday, August 22, 2018. To listen to the replay of the call, dial (412) 317-6671 and enter replay pin number 13681490. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com. A transcript will also be posted to the website, 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, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.
The Hoover trademark and logo are registered trademarks of Techtronic Floor Care Technology Limited and are used under license by Capstone Industries, Inc. All rights reserved.
© 2017 DURACELL Bethel, CT 06801. DURACELL is a registered trademark of Duracell U.S. Operations, Inc., used under license. All rights reserved.

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.

 For more information, contact
Company:                                                    
Aimee Gaudet
Corporate Secretary
(954) 252-3440, ext. 313

 

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