IRVINE, CA--(Marketwired - Feb 9, 2017) - CAPSTONE TECHNOLOGIES GROUP, INC. (
The machines being built for Fasten Group will give the company the ability to produce fiber optic preforms, which will be further processed into fiber optic cable to fulfill the ever increasing growth and demand in the Asian market.
Capstone CEO, Clinton Stokes, III, is quoted as saying, " This opportunity with one of the largest fiber optic cable providers in the world, creates a tremendous launching pad for Capstone and its subsidiary companies. The Fasten Group contract represents an excellent, long-term arrangement for Capstone to establish itself as a leader in this market sector. "
And Capstone CTO, Wesley Poff, added, " We are very happy to bring this state-of-the-art technology to the Asian market and look forward to a prosperous and mutually beneficial long-term relationship with Fasten Group, a market giant. "
Fasten Group's initial deposit of $2.3 Million has been approved for disbursement to PPB immediately. This Agreement represents the first of many significant revenue contracts for Capstone Technologies Group and its family of technology companies. The market for fiber optic cable worldwide is experiencing a steady increase in demand, therefore Capstone anticipates exponential growth for its group of companies as it ramps up to satisfy the global need for fiber optic cable.
ABOUT CAPSTONE TECHNOLOGIES GROUP
Capstone Technologies Group is perfectly affixed as the Top Structure of a growing list of visionary technology companies, destined to change the world in which we live by taking up the challenge of making the USA the manufacturing giant it once enjoyed. We believe in the strength and ingenuity of the American manufacturing market and the people that are dedicated to bring the best of new technologies to the marketplace, right here in the place where the manufacturing industry was born. We will take the existing foundation and history of American greatness and integrate that with advances in technology, to bring to worldwide consumers those leading edge products they demand.
Capstone is focused on forward looking entities that have distinguished themselves as leaders in their fields and are looking for investment and leadership to move their vision to fruition. We can bring forth the financial, logistical and outside the box thinking to develop a succinct and streamlined path to market.
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This press release may contain forward looking statements and or observations which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties include but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other such filings as may be accessed through the OTCBB website. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new product lines noting there is no assurance that we will generate enough revenues to offset those costs. Additional product offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the variables as associated with the general business channel we are operating in, the impact of which cannot be predicted at this time including risks as associated with our product and recent FDA pronouncements. Additionally, our 1-A registration statement will generate additional free trading shares to the marketplace at a pre-determined price which may impact our share pricing within the OTC marketplace in a manner that we cannot predict.
Investor Contact: Capstone Technologies Group, Inc. Info@capstonetechgrp.com (888) 676-4138
