IRVINE, CA--(Marketwired - Apr 11, 2017) - CAPSTONE TECHNOLOGIES GROUP, INC. (
In order to meet the increase in demand, PPB will be required to increase its production lines and expand its equipment production capability, which will be beneficial to Capstone's other Optical Fiber business, American Fiber Optics Group, Inc. (AFO). Along with the increased revenues coming from PPB from the sales of its Preform equipment, it will allow PPB to use a portion of that equipment production increase to vault AFO's growth plan by as much as 50% in the near term. To satisfy increased market demand, this could add another 2.5 million km to the 2018 to 2019 output of AFO bringing that total to around 7.5 million km that year. The combined annual revenue stream from PPB and AFO into Capstone could be boosted by $19 million with $9 million in equipment sales and $10 million in preforms sales beginning in the summer of 2018.
Capstone CTO, Wesley Poff, stated, "Capstone's vision of investing in world class preform manufacturing technology is falling into place. By capitalizing on the economies of scale in PPB's preform equipment production operation and AFO's preform, fiber and fiber optic cable business, we can expand at a much faster rate, allowing Capstone to grow its business faster and optimize the ability to serve the Fiber Optics marketplace."
Capstone Technologies Group, Inc. is garnering a huge amount of interest in its combined Fiber Optics companies, both in the preform equipment side of the business and every aspect of its fiber optics product lines. The future is bright for Capstone as company executives continue to meet with industry leaders who are anxious to locate a new partner by which they will be able to grow their businesses and capitalize on the healthy market demand in the Fiber Optics marketplace. Capstone is in the right place at the right time to experience sustained and rapid growth.
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.
Safe Harbor Statement:
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 www.capstonetechgrp.com
