Capstone Companies Announces First Strategic Update of 2022

Rhea-AI Summary

Capstone Companies, Inc. (OTC: CAPC) announces a webcast featuring CEO Stewart Wallach to discuss strategic updates for 2022, focusing on marketing initiatives for the Capstone Connected Portfolio. The event is scheduled for May 20, 2022, at 10:30 a.m. ET. A telephonic replay will be available until May 27, 2022. The company emphasizes its commitment to leveraging technology to enhance consumer products, especially in smart mirrors. Investors are encouraged to check the company's website for additional details and updates.

Positive

• CEO Stewart Wallach will provide strategic updates and marketing initiatives for 2022.
• Focus on Capstone Connected Portfolio highlights the company's innovation in consumer products.

Negative

• Dependence on retail channels raises concerns due to the impact of COVID-19 on consumer behavior.
• Challenges in financing and competition in the market may hinder the launch of new products.

• Capstone CEO, Stewart Wallach to discuss the planning and current initiatives supporting the Capstone Connected Portfolio

DEERFIELD BEACH, Fla.--(BUSINESS WIRE)-- Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology announced today that it will host a webcast during which Chief Executive Officer, Stewart Wallach will provide a strategic update for 2022.

Stewart Wallach, Capstone’s CEO, commented, “I am looking forward to discussing the 2022 marketing initiatives planned and underway in support of our Capstone Connected programming.”

Friday, May 20, 2022
10:30 a.m. Eastern Time
Phone: 1-201-689-8562

A telephonic replay will be available from 2:30 p.m. Eastern the day of the call until Friday, May 27, 2022. To listen to the archived call, dial (412) 317-6671 and enter conference ID 13730178. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com along with a transcript once available.

The Company welcomes you to visit its updated website at www.capstoneconnected.com that now enables users to reserve their preferred mirror.

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 and marketing of consumer products to retail channels throughout North America and certain international markets.

Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein.

Forward Looking Statements. Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including: the prospects of a new product line like the Smart Mirrors; the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line and consumer responsiveness to that product line; any difficulty in manufacturing the products or marketing Company products in its target markets; growing competition in the very competitive market; and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. Coronavirus/COVID 19 pandemic continues to restrict or adversely impact the general economy as well as business operations of companies and retailers, especially consumer product companies like our company that has traditionally relied on retail distribution. Further, whether resulting from Coronavirus/COVID-19 pandemic or our status as a smaller reporting company or both factors, an increase in the cost or the difficulty to obtain debt or equity financing necessary to produce and promote our product line could affect our ability to fund operations or future financial and business performance. The future impact of Coronavirus/COVID-19 pandemic and the emerging variants of that virus on our company and its Smart Mirror launch continues to very difficult to foresee or predict. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission. Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220517005511/en/

Aimee C. Brown

Corporate Secretary

(954) 252-3440, ext. 313

Source: Capstone Companies, Inc.

FAQ

What is Capstone Companies, Inc. planning for May 20, 2022?

Capstone will host a webcast featuring CEO Stewart Wallach discussing 2022 marketing initiatives and strategic updates.

Where can I listen to the Capstone webcast on May 20, 2022?

The webcast can be accessed via Capstone's official website or by phone.

What are the upcoming initiatives for Capstone Connected Portfolio in 2022?

Capstone aims to enhance its product offerings and marketing strategies for the Capstone Connected Portfolio.

What financial risks does Capstone Companies, Inc. face?

Capstone may face risks related to financing, competition, and the ongoing effects of COVID-19 on retail distribution.