STUART, Fla., March 27, 2017 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCQB:SWMM), the Florida based pool & spa industry aggregator, today released another record year.
CPSM has reported the year ending December 31, 2016 revenues of $5,218,876, an increase of $1,004,318 or approximately 24%. The increase is due to an increase in new pool service customers, as well as an increase in new pool plastering and resurfacing contracts. The record year was enhanced by a significant reduction in debt.
Chairman Lawrence Calarco commented, “2016 was an exciting year starting off with our move to a larger headquarters facility, acquisition of Sundook and sale of our old facility in Palm City. We have been able to integrate Sundook’s operations into our system and continued our organic growth simultaneously. This demonstrates the strength, depth and determination of management and staff. All these growth initiatives were executed on without our shareholders suffering any dilution. Our plastering division (CPP) continues to blossom with its own full year of growth and profitable operations. 2017 looks to be a terrific year for the Company.”
CPSM, Inc. is a publicly held company serving the surging pool/spa maintenance, design, and construction industry.
Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE: CPSM, Inc.
Jeff Michel Director CPSM, Inc. Email : info@cpsm-inc.com www.cpsm-inc.com www.cpoolplastering.com www.custompoolmechanics.com
