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Capstone Companies, Inc. Sees Strong Sale

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Post# of 2207
Posted On: 10/28/2013 9:49:23 AM
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Posted By: lucyinthesky













Capstone Companies, Inc. Sees Strong Sales in October 2013







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Capstone Companies, Inc. (QB) (USOTC:CAPC)
Intraday Stock Chart


Today : Monday 28 October 2013


Click Here for more Capstone Companies, Inc. (QB) Charts.


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 is expecting net sales for October 2013 to be in the range of $3.4 million to $3.6 million. Driven by improved backlog levels entering the fourth quarter of 2013 when compared with the prior-year period, fourth quarter 2013 net sales are expected to show significant improvement over net sales of $2.4 million in the prior-year period. Robust reorder activity from major retailers ahead of the 2014 holiday shopping season is the driver of the improved revenue expectations.

Stewart Wallach, CEO of Capstone Companies, commented, "Our product offerings are gaining momentum with our customers and our improved order backlog is a reflection of the demand that retailers are seeing for our safety and lighting solutions as we head into the 2014 holiday season. It is very encouraging to see this level of orders coming off record third quarter 2013 revenue levels. We are now anticipating another revenue record in the fourth quarter as our seasonal direct imports, combined with our domestic distribution program, are driving significant top line growth."


The Company plans to report its full financial results for the three- and nine-month periods ended September 30, 2013 on Tuesday, November 12, 2013.


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.





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