Capstone Companies, Inc. Announces Record Preliminary Third Quarter 2017 Revenue
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Strong third quarter expectation to exceed $13 million driven by
solid end-user demand - Year-to-date revenue increases by 32.2% over 2016
DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–#capstonecompaniesinc—Capstone
Companies, Inc. (OTCQB: CAPC) (“Capstone” or the “Company”), a
designer of innovative LED lighting solutions including power failure
lighting, today announced preliminary third quarter revenue as of
September 30, 2017 of approximately $13 million, an increase of 11% over
the prior year period. Preliminary year-to-date revenue is expected to
exceed $30 million, an increase of approximately $7.3 million or 32.2%
as compared to the same period 2016.
Mr. Wallach commented, “This performance marks the ninth consecutive
record quarter and further validates the momentum our Company is
experiencing. At the end of the third quarter, our estimated
year-to-date revenue of approximately $30 million is nearly as much as
we shipped for the entire year in 2016. Our strategy to develop and
market unique LED consumer lighting products, leverage our strong
relationships with large retailer customers and produce high quality,
low cost products continue to be successful.”
About Capstone Companies, Inc.
Capstone Companies, Inc. is a designer of innovative LED lighting
solutions including power failure lighting, for consumers and
institutions. The Company’s products are sold under the Capstone
Lighting and Hoover® HOME LED brands, to big box retailers,
wholesale clubs, and home improvement stores throughout North America
and in international markets. Capstone’s strategy is to utilize its
low-cost manufacturing base to provide high-quality consumer products to
its customers at a reasonable price, using primarily direct import
distribution.
Visit www.capstonecompaniesinc.com
for more information about the Company and www.capstoneindustries.com
for information on our current product offerings.
Contacts
Capstone Companies, Inc.
Aimee Gaudet, 954-570-8889, ext. 313
Corporate
Secretary