Capstone Companies Reports Second Quarter 2019
Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that bridge technological innovations with today’s lifestyle reported its financial results for the second quarter 2019.
Stewart Wallach, Capstone’s Chairman and CEO, commented, “as projected at our Q1 conference call, YTD revenues for our core LED business are strong. The new product line has resonated well with consumers and we have invested significantly in marketing support to maintain this momentum through 2019.”
Mr. Wallach added, “the Company continues to advance its initiative for transitioning its supply chain outside of China and expects to be shipping from these new OEM partners in Q4 2019. This will support the Company’s competitiveness and help sustain normal revenue activity.”
Gerry McClinton, Capstone’s CFO, commented further, “in addition to the significant marketing investments mentioned by Mr. Wallach, we have underwritten the development of the Company’s new smart home electronics product portfolio without incurring debt.”
Webcast and Teleconference to Review Results and Outlook
The Company will host a live webcast and conference call on Thursday, August 15, 2019 at 10:30 a.m. Eastern Time. During the call, management will review the financial and operating results and discuss the Company’s corporate strategy and outlook, followed by a question-and-answer session. The conference call can be accessed by dialling (201) 689-8562. The listen-only audio webcast can be monitored at www.capstonecompaniesinc.com.
A telephonic replay will be available from 1:30 p.m. ET the day of the call until Thursday, August 23, 2019. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13692244. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com, along with a transcript, once available.
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, Limited, in the development, manufacturing and marketing of consumer product to retail channels throughout North America and international markets.