STUART, Fla., Nov. 14, 2017 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCQB:SWMM), the Florida based pool & spa industry aggregator, released its third quarter and nine-month results with continued value growth.
CPSM reported an increase of year over year Shareholders’ Equity of approximately 18% over the same period in the prior year while retained earnings continues to swell. Revenue grew approximately 3% over the prior nine months moderated by the impact felt during the Hurricane Irma clean up.
Chairman Lawrence Calarco, commented, “Hurricane Irma disrupted our higher margin work in the third quarter. We temporarily reassigned our renovation crews to clean up and maintenance. Getting our customers’ property back to normal was a priority. No business was lost due to the interruption though, the results we reported did reflect this delay. The Company has a continued focus on customer satisfaction and growing shareholder value.”
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.
SOURCE: CPSM, Inc.