CPSM, Inc. Releases Record Third Quarter Results

PALM CITY, Fla., Nov. 17, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTC Pink SWMM) (PINKSHEETS:SWMM) the Florida based pool & spa industry aggregator today released results for another record quarter.

CPSM, Inc. reported revenue of more than $1.1million for the quarter, an increase of 30% over prior year third quarter while gross profits exceeded 33%. For the nine months, CPSM has reported more than $2.9 million in revenue an increase of more than 14% over the first nine months of 2014.

Lawrence Calarco, Chairman of CPSM, Inc., commented, “Our third quarter results were exceptional. The new plastering division is refining its operations and contributing results above expectations. We are now ready to initiate our expansion plans and are reviewing several opportunities. The fourth quarter is building quickly and expenses are falling in line. While there is always room to improve, the Company is progressing faster than projected having already surpassed the comparative results for 2014.”

CPSM, Inc. is a publicly held company serving the surging pool / spa maintenance, design, and construction industry in Florida.

Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

CONTACT: Jeff Michel Director CPSM, Inc. Email : info@cpsm-inc.com www.cpsm-inc.com www.cpoolplastering.com www.custompoolmechanics.com

Source:CPSM, Inc.