Capstone Companies Inc (CAPC)

[RG]

Really like how the Webcast ended with these comments

Our exclusive alliance with Light Engine Limited, our investments in AC Kinetics, and recently securing the exclusive North American trademark license for the Hoover brand for LED lighting are testimonies to these efforts. Although we pride ourselves on being a disciplined and focused organization, over the past year, we have seen a number of delays in some of our initiatives. The Capstone power control designed by AC Kinetics took longer than anticipated, and the integration of the technology by Light Engine into solid state lighting fixtures also took longer than anticipated due to extensive validation testing. These timing issues, in conjunction with some of the challenges that are not in our control, such as the West Coast port dispute that Gerry alluded to earlier, have not once dampened the attitudes of any of our Capstone associates.


In closing, I want to reaffirm my bullishness on this company, the direction it's proceeding and the rewards that await us all. To that end, the insiders continue to hold their large positions in the Company, and the two largest shareholders, Dr. Postal and myself, continue to support the Company financially when needed. Q1 and Q2, as a result of the product delays, the branding launches, the issues of cutback promotional activity due to the West Coast port situation will not yield favorable financial results. As additional working capital will be required to support operations while funding the expanded product lines and our new branding initiatives, the Finance Team is reviewing various options to support this situation; however, as in the past, Dr. Postal and I will provide gap financing if required.


Our Company is poised to expand its market reach and achieve the levels of sales growth that I believe our innovative products are capable of. I look forward to reporting on our successes in the months ahead. For our long-time shareholders that have been through several phases of our growth and development, I would like to once again thank you personally for your support. We are making great progress in this Company, and the successful future we have all invested in is nearing.