DEERFIELD BEACH, Fla., May 23, 2013 (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 a significant Eco-i-Lite order from the Company's Latin American distributor and is also increasing its product offerings through Warehouse Clubs in Mexico and Taiwan.
The four new models included in the distributor order for Latin America are the Eco-i-Lites Slimline 3LED Power Failure Light, 5LED Power Failure Light, 10LED Power Failure Light, and Rechargeable LED Headlight. These additional models will be made available across Latin America in early July 2013.
"Following a soft Latin American economy, this order, which will be available at many retailers, signifies a regional resurgence and represents a significant step toward making the Eco-i-Lite a mainstream household product in this region," stated Reid Goldstein, President of Capstone Industries.
The company also announced orders from Warehouse Clubs serving Mexico and Taiwan for its 4-function LED Light, which has a 10LED Power Failure Light/Flashlight and a 6LED Night light/Work light feature. These products are scheduled to be shipped in the second quarter of 2013.
"Clearly, our power failure lighting solutions, such as the Eco-i-Lite product line, are gaining international acceptance and becoming more and more widely accepted throughout the world," concluded Mr. Goldstein.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc. 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: Company: Natalia Pinheiro Marketing Director (954) 570-8889, ext 306 Investor Relations: Craig Mychajluk Kei Advisors LLC (716) 843-3832 firstname.lastname@example.org
Source:Capstone Companies, Inc.