UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
DEERFIELD BEACH, Fla., Oct. 19, 2016 -- Capstone Companies, Inc. (OTCQB:CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today announced preliminary third quarter 2016 revenue of $11.3 million, surpassing the quarterly record set in the trailing second quarter. Preliminary year-to-date revenue is expected to be $22.3 million, which is 11% higher than the previously expected revenue range of $19.5 million to $20.0 million.
Stewart Wallach, President and CEO, commented, “Our strategy to develop and market unique LED consumer lighting products, leverage our strong relationships with large retailer customers and produce high quality, low cost products has proven successful. Demand for our product is strong as they continue to be well received by end users and are quickly moving off our retailer customers’ shelves. And, given our business model, volume drives strong operating leverage and earnings. Also of note, we have greater visibility into the future and are building commitment pipelines into 2018.”
For 2016, the Company expects revenue to be approximately $28 million to $30 million, nearly doubling 2015’s record revenue of $15.9 million.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a designer of innovative LED lighting solutions including power failure lighting, for consumers and institutions. The Company’s products are sold under the Capstone Lighting and Hoover® HOME LED brands, to big box retailers, wholesale clubs, and home improvement stores throughout North America and in international markets. Capstone’s strategy is to utilize its low-cost manufacturing base to provide high-quality consumer products to its customers at a reasonable price, using primarily direct import distribution.
Visit www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.
For more information, contact Company: Aimee Gaudet Corporate Secretary (954) 570-8889, ext. 313 Investor Relations: Kei Advisors LLC Deborah K. Pawlowski / Garett K. Gough (716) 843-3908 / (716) 846-1352 [email protected] / [email protected]
