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CAPC on track to $20m revenue in 2016

http://www.otcmarkets.com/news/otc-market-headline?id=469092

Capstone Companies, Inc. Raises First Quarter 2016 Revenue Expectations to $1.9 million

-Updated first quarter 2016 revenue expectation to $1.9 million, up from prior guidance of $1.6 million
-Provided initial second quarter 2016 revenue guidance of approximately $4.5 million
-Reiterated 2016 full-year revenue expectation of $20 million, over 25% higher than record sales in 2015

DEERFIELD BEACH, Fla., March 24, 2016 (GLOBE NEWSWIRE) -- Capstone Companies, Inc. (OTC:CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today raised its revenue guidance for the 2016 first quarter to $1.9 million, provided 2016 second quarter revenue guidance of $4.5 million and reiterated its 2016 full year revenue expectation of $20 million, during the Company’s fourth quarter and full year 2015 teleconference and webcast. The increases in guidance provided today are based on increased presence of the Company’s product on store shelves of large U.S. retailers, higher customer demand for the Company’s products and strong reorder activity that is driving growing backlog. The Company’s updated revenue guidance for 2016 represents significant increases from 2015 sales for the first and second quarters, and full year.

Stewart Wallach, Capstone’s CEO, commented, “Our 2015 year-end revenue results were the strongest in the history of the Company. Moreover, our first quarter 2016 activity is shaping up nicely with an estimated $1.9 million in revenue anticipated. Importantly, backlog supporting the second quarter 2016 should generate minimum revenue in the area of approximately $4.5 million.”

He added, “Sales and marketing have reported strong product placement, and we are already booking backlog into the third and fourth quarters of 2016. As a result we believe that we are on track to achieve our $20 million goal. In fact, given the promising reorder activity that we are seeing today, we believe that $20 million may be a conservative expectation.”

A telephonic replay of today’s teleconference will be available from 1:30 p.m. Eastern Time until Thursday, March 31, 2016. To listen to the replay of the call, dial [phone] and enter replay pin number 13629868. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com. A transcript will also be posted to the website, once available.

About Capstone Companies, Inc. Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing, logistics, and distribution of consumer and institutional products, including the Hoover® HOME LED lighting product line, to accounts throughout North America and in international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.