Capstone Companies, Inc. Announces Record Preliminary Third Quarter 2017 Revenue
October 19 2017 - 6:55AM
InvestorsHub NewsWire
- 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, FL -- October
19, 2017 -- InvestorsHub NewsWire
-- 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.
For more information,
contact
Company:
Aimee Gaudet
Corporate
Secretary
(954) 570-8889, ext.
313
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