Capstone Companies Inc (CAPC)

[mjbommar]

Quick notes on the talk here. Had to get a coffee in the middle and didn't want to cite just from memory, so here they are.

*** Roofer presented new idea, looking into distributing *** (any speculation?)
* 11mil in first half
* Duplicate model throughout Florida, demand is state-wide
* Moved to Miami, 20-25mi south
* Experienced electrical supply/engineering, excavation, wiring/piping
* Majority owned subsidiary -> 100% revenue
* Minority partner funds startup
* Replicate past success model
* Roof tiles next week!
* Jul. 20 - last date for cancellation of NOA
* Avg. SDI sale @ $0.30
* SDI package with generators! “I survived hurricane Katrina t-shirt”
* Roofers asking to market generators
* FYE @ Dec. 31
* First half ’05 450k, First half ’06 11mil
* Growth on one CPS location, growing rapidly
* Next week, new subsidiaries starting
* CPS originally Broward, N/NW Palm Beach
* Over 100 generators/month installed
* Backlog to install, etc.
* 4.2mil Q1, 2.5mil – revenue on bottom line after realized
* Very conservative accounting
* Infrastructure growth yields faster realization of revenue
* OBS wants in – will work on any product that can be profitable
* 18 HOUR DAYS: 6-9pm with family, 9pm-1am working again
* Patented concrete slab saves 1.5 weeks