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Capstone Companies Expects Record First Quarter Sales
Date : 04/02/2014 @ 10:05AM
Source : GlobeNewswire Inc.
Stock : Capstone Companies, Inc. (QB) (CAPC)
Quote : 0.027 0.0 (0.00%) @ 10:07AM
Capstone Companies Expects Record First Quarter Sales
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Capstone Companies, Inc. (QB) (USOTC:CAPC)
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Today : Wednesday 2 April 2014
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Capstone Companies, Inc. (OTCQB:CAPC), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the Hospitality, Retail and Institutional channels, announced today that it is expecting net sales for the quarter ending March 31, 2014 to be in the range of $3.0 million to $3.2 million.
Highlights driving the preliminary record-breaking first quarter sales levels include:
The domestic distribution model initiated in 2012, which enabled the Company to capture additional large retailers and gain more shelf space year round.
New product development that provides more product to push through the Company's larger retailer channel.
Stewart Wallach, CEO of Capstone Companies, commented, "Our expected record first quarter sales provide a strong start to 2014 as we come off of a record year in 2013. Our current order levels also indicate that our first half could be in the range of $4.5 million to $5.0 million nearly three times sales realized in the first half of last year."
He continued, "As important as we look forward are the new product introductions for 2014, specifically those developed through collaboration with AC Kinetics that will be debuted at the Hardware Show early next month. Product innovation is paramount to continue to drive growth over the long term."
