NEWS OUT;CHDT Corporation Changes Name to Capstone

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Jun 28, 2012 at 11:09 AM

NEWS OUT;CHDT Corporation Changes Name to Capstone Companies, Inc.

New ticker symbol, CAPC, expected to be effective on July 6, 2012
Business WirePress Release: Capstone Companies, Inc. –

DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--

Capstone Companies, Inc. (formerly CHDT Corporation) (CHDO), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the North American retail markets, announced it has changed its corporate name to Capstone Companies, Inc., and that it expects FINRA’s approval to change its ticker symbol to “CAPC,” effective Friday, July 6, 2012.

The Board of Directors determined that the new name, “Capstone Companies,” more accurately describes its current operating activities and long-term strategic focus, and believes the name reflects the exceptional growth and positive momentum the Company has realized over the last few years.

“Our core business and products are closely tied to the Capstone name”, commented Stewart Wallach, President and Chief Executive Officer of Capstone Companies, Inc. “Officially changing our name and acquiring a new trading symbol are part of the many steps we're taking to establish Capstone as a leading manufacturer of safety, security and power failure solutions. This change comes at a time when we are demonstrating success in the execution of our growth strategy. We have established relationships with leading retailers, developed innovative products to sell through these channels and created sufficient scale to institute our domestic distribution strategy. We believe, with our constant focus on key elements of our strategy, we can continue to expand sales and gain market share.”

More information on the Company and its products can be found at www.capstonecompaniesinc.com and www.capstoneindustries.com.

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 products to retailers and wholesalers 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.

Capstone Companies Inc. (CAPC) Stock Research Links

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