Thursday, October 20, 2016
Capstone Companies Announces Preliminary Third Quarter 2016 Revenue Increases 45% to a Record $11.3 Million
DEERFIELD BEACH, Fla., Oct. 19, 2016, CAPC, (GLOBE NEWSWIRE) 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,
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