Capstone Companies Inc (CAPC)

[hurricaneman]

IMPORTANT 8K

On May 15, 2018, Capstone Companies, Inc., a Florida corporation, (the "Company") entered into a sublease agreement to rent an estimated 4,694 rentable square feet of office space at 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441, located in Broward County. The Company intends to relocate its current principal executive offices at 350 Jim Moran Blvd., Suite 120, Deerfield Beach, Florida 33442, to 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441, on or about July 1, 2018. The new sublease expires on January 31, 2020, and provides for an initial base rent of $4,389.55 per month from commencement through January 31, 2019 and then a base rent of $4,522.43 per month from February 1, 2019 until expiration of lease on January 31, 2020 and a Common Area Charge estimated to be $2,992.09 per month. ******* The location move is required to facilitate planned sales staff expansion and the need for a product showroom.******

You don't need staff expansion or a showroom for door locks or flashlights.