DEERFIELD BEACH, Fla., Oct. 28, 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 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.
FORWARD-LOOKING STATEMENTS:
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.
Company: Aimee Gaudet Corporate Secretary (954) 252-3440, ext 313 Investor Relations: Garett Gough, Kei Advisors LLC (716) 846-1352
