Capstone Companies, Inc. Sees Strong Sales in October 2013
October 28 2013 - 8:45AM
Capstone Companies, Inc. (OTCQB:CAPC), a leader in the design and
manufacture of specialty power failure lighting solutions and
innovator of consumer safety and security products for the
Hospitality, Retail and Institutional channels, announced today
that it is expecting net sales for October 2013 to be in the range
of $3.4 million to $3.6 million. Driven by improved backlog levels
entering the fourth quarter of 2013 when compared with the
prior-year period, fourth quarter 2013 net sales are expected to
show significant improvement over net sales of $2.4 million in the
prior-year period. Robust reorder activity from major retailers
ahead of the 2014 holiday shopping season is the driver of the
improved revenue expectations.
Stewart Wallach, CEO of Capstone Companies, commented, "Our
product offerings are gaining momentum with our customers and our
improved order backlog is a reflection of the demand that retailers
are seeing for our safety and lighting solutions as we head into
the 2014 holiday season. It is very encouraging to see this
level of orders coming off record third quarter 2013 revenue
levels. We are now anticipating another revenue record in the
fourth quarter as our seasonal direct imports, combined with our
domestic distribution program, are driving significant top line
growth."
The Company plans to report its full financial results for the
three- and nine-month periods ended September 30, 2013 on Tuesday,
November 12, 2013.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that
engages, through its wholly-owned subsidiaries, Capstone
Industries, Inc. and Capstone International HK, Ltd., in the
development, manufacturing, logistics, and distribution of consumer
and institutional products to accounts throughout North America and
in international markets. See 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 URL's are not incorporated into this
press release.
CONTACT: Company:
Aimee Gaudet
Corporate Secretary
(954) 252-3440, ext 313
Investor Relations:
Garett Gough, Kei Advisors LLC
(716) 846-1352
ggough@keiadvisors.com
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