PALM CITY, Fla., March 31, 2016 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCQB:SWMM) the Florida based pool & spa industry aggregator today has released its audited year end results for 2015 citing record growth on both top and bottom numbers.
CPSM, Inc. reported top line growth of approximately 24% to $4.2 million while income from operations was up roughly 45%. The Company added a new plastering division this year (Custom Pool Plastering Inc. or CPP, www.cpoolplastering.com) and has already expanded operational capacity due to demand. CPSM, Inc. also purchased a new facility for its headquarters in Stuart, Florida. Plans for the ribbon cutting and open house are set for April 15, 2016 and April 16, 2016 respectively.
Lawrence Calarco, Chairman of CPSM, Inc. commented, “2015 brought on a world of changes for CPSM with the addition of our start-up plastering division, several acquisitions and the purchase of a much needed larger headquarters facility. CPSM is now able to leverage its buying power to leverage significant savings on materials this year. CPP started this past year and despite a meaningful investment on equipment and staffing, has broken even for the short year. CPP has already made its mark in the local market with demand forcing us to purchase another applicator truck. 2016 is starting off very strong, opportunities abound.”
CPSM, Inc. is a publicly held company serving the surging pool/spa maintenance, design, and construction industry.
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.