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Capstone Companies Reports Second Quarter 2019

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August 14, 2019

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Capstone Companies, Inc. 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441

FOR IMMEDIATE RELEASE

Capstone Companies Reports Second Quarter 2019

  • New LED products drive revenue in the quarter
  • New Smart Home Electronics portfolio launches www.capstoneconnectedhome.com

DEERFIELD BEACH, FL, August 14, 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 second quarter 2019.

Stewart Wallach, Capstone’s Chairman and CEO, commented, “as projected at our Q1 conference call, YTD revenues for our core LED business are strong. The new product line has resonated well with consumers and we have invested significantly in marketing support to maintain this momentum through 2019.”

Mr. Wallach added, “the Company continues to advance its initiative for transitioning its supply chain outside of China and expects to be shipping from new OEM partners in Q4 2019. This will support the Company’s competitiveness and help sustain normal revenue activity.”

Gerry McClinton, Capstone’s CFO, commented further, “in addition to the significant marketing investments mentioned by Mr. Wallach, we have underwritten the development of the Company’s new smart home electronics product portfolio without incurring debt.”

Webcast and Teleconference to Review Results and Outlook

The Company will host a live webcast and conference call on Thursday, August 15, 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 dialling (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
Thursday, August 23, 2019. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13692244. 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 and www.capstoneconnectedhome.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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