- National warehouse club orders expand shelf presence into Japanese market; Shipments expected to commence in August 2014
- Capstone products now available in four international markets
DEERFIELD BEACH, Fla., July 21, 2014 (GLOBE NEWSWIRE) -- 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 has received orders for distribution to the Japanese locations of a major national warehouse club.
Stewart Wallach, Chief Executive Officer of Capstone, stated, "The growing strength of the Capstone brand and strong demand from end users has led to a high level of confidence from our existing national warehouse club customer. The relationships that have been cultivated through our domestic sales and distribution initiatives are creating new opportunities for us in international markets, and I am excited to test the appetite for our products in the Japanese market along with the recently announced Australian market. We will continue to pursue strategic expansion into additional international markets that we identify as providing the greatest opportunities."
With this order Capstone is now doing business in four international markets – Mexico, Taiwan, Australia and Japan. Shipments are expected to commence in August 2014 with Capstone's products available for purchase by consumers in the third quarter of 2014.
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, 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.
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: For more information contact Company: Aimee Gaudet Corporate Secretary (954) 252-3440, ext 313 Investor Relations: Garett Gough, Kei Advisors LLC (716) 846-1352 firstname.lastname@example.org
Source:Capstone Companies, Inc.