7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Italy Fines Apple €98.6 Million Over App Store Dominance 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
DEERFIELD BEACH, Fla., Jan. 30, 2017 -- Capstone Companies, Inc. (OTCQB:CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today announced preliminary 2016 revenue will be slightly over $30 million, exceeding previous 2016 revenue guidance of $28 million to $30 million.
Stewart Wallach, Capstone’s President and CEO, commented, “Significant growth of more than 85% in 2016 following double-digit growth in 2015 clearly demonstrates Capstone’s ability to meet and exceed the expectations of our customers. I believe that this momentum will carry into 2017 and we are excited about delivering another year of solid growth.”
Capstone will be participating in the NobleCon13 investor conference today, January 30, 2017, with Mr. Wallach presenting at 1:00 pm ET. A video webcast of the presentation and a copy of the presentation materials will be available on the Company’s website at www.capstonecompaniesinc.com or at the conference website, www.nobleconference.com.
The Company expects to release early unaudited financial results for the fourth quarter and full year 2016 in early March 2017.
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: Garett Gough, Kei Advisors LLC (716) 846-1352 [email protected]
