Capstone Companies, Inc. Receives Expanded Financial Commitment from Coppermine Ventures, LLC
Capstone Companies (OTCQB: CAPC) has secured an expanded financial commitment from Coppermine Ventures through an Amended and Restated Promissory Note dated January 29, 2025. The funding available has been increased from $125,914 to $485,163, intended to cover basic corporate maintenance and compliance expenses through Q3 2025.
The company, formerly a producer of LED and Smart Mirror consumer products, has ceased its consumer product operations due to declining sales. CAPC is currently seeking to establish new revenue-generating operations through internal development, merger, acquisition, or a combination of these strategies. The company currently generates no revenue, and the Coppermine funding is strictly to maintaining corporate existence and basic compliance costs.
Capstone Companies (OTCQB: CAPC) ha ottenuto un impegno finanziario ampliato da Coppermine Ventures tramite un Nota di Riconoscimento Modificata e Ripristinata datata 29 gennaio 2025. Il finanziamento disponibile è stato aumentato da $125,914 a $485,163, destinato a coprire le spese basilari di mantenimento aziendale e di conformità fino al terzo trimestre del 2025.
L'azienda, precedentemente produttrice di prodotti per consumatori LED e Smart Mirror, ha interrotto le proprie operazioni nel settore dei prodotti di consumo a causa del calo delle vendite. CAPC sta attualmente cercando di stabilire nuove operazioni generatrici di entrate attraverso sviluppo interno, fusione, acquisizione o una combinazione di queste strategie. Attualmente l'azienda non genera entrate e il finanziamento di Coppermine è strettamente destinato a mantenere l'esistenza aziendale e i costi di conformità di base.
Capstone Companies (OTCQB: CAPC) ha asegurado un compromiso financiero ampliado de Coppermine Ventures a través de una Nota Promisoria enmendada y restablecida con fecha del 29 de enero de 2025. La financiación disponible se ha incrementado de $125,914 a $485,163, destinada a cubrir los gastos básicos de mantenimiento corporativo y cumplimiento hasta el tercer trimestre de 2025.
La empresa, que antes producía productos para consumidores de LED y Espejos Inteligentes, ha detenido sus operaciones en productos de consumo debido a la caída en las ventas. CAPC está buscando actualmente establecer nuevas operaciones generadoras de ingresos a través del desarrollo interno, fusiones, adquisiciones o una combinación de estas estrategias. Actualmente, la empresa no genera ingresos, y la financiación de Coppermine está estrictamente destinada a mantener la existencia corporativa y los costos básicos de cumplimiento.
Capstone Companies (OTCQB: CAPC)는 2025년 1월 29일자로 작성된 수정 및 재설계된 약속어음을 통해 Coppermine Ventures로부터 확대된 재정 지원을 확보했습니다. 자금 지원은 $125,914에서 $485,163로 증가하여 2025년 3분기까지 기본 기업 유지 관리 및 컴플라이언스 비용을 충당하는 데 사용될 예정입니다.
LED 및 스마트 미러 소비자 제품의 생산업체였던 이 회사는 판매 감소로 인해 소비자 제품 사업을 중단했습니다. CAPC는 현재 내부 개발, 합병, 인수 또는 이러한 전략의 조합을 통해 신규 수익 창출 작업을 설정하려고 하고 있습니다. 현재 회사는 수익을 창출하지 않으며, Coppermine의 자금은 회사의 존속 및 기본 준수 비용을 유지하는 데 엄격히 사용됩니다.
Capstone Companies (OTCQB: CAPC) a obtenu un engagement financier élargi de Coppermine Ventures par le biais d'une Note de Prêt modifiée et reformulée datée du 29 janvier 2025. Le financement disponible a été augmenté de 125 914 $ à 485 163 $, destiné à couvrir les dépenses essentielles de maintenance et de conformité de l'entreprise jusqu'au troisième trimestre 2025.
L'entreprise, anciennement productrice de produits pour consommateurs LED et Miroirs Intelligents, a cessé ses opérations dans ce secteur en raison d'une baisse des ventes. CAPC cherche actuellement à établir de nouvelles opérations génératrices de revenus par le biais de développement interne, de fusion, d'acquisition ou d'une combinaison de ces stratégies. L'entreprise ne génère actuellement aucun revenu, et le financement de Coppermine est strictement destiné à maintenir l'existence de l'entreprise et à couvrir les coûts de conformité de base.
Capstone Companies (OTCQB: CAPC) hat sich eine erweiterte finanzielle Verpflichtung von Coppermine Ventures durch eine geänderte und neu gefasste Schuldscheinnote vom 29. Januar 2025 gesichert. Die verfügbare Finanzierung wurde von $125,914 auf $485,163 erhöht, um die grundlegenden Unternehmensunterhalts- und Compliance-Kosten bis zum dritten Quartal 2025 zu decken.
Das Unternehmen, das früher LED- und Smart Mirror-Verbraucherprodukte herstellte, hat seine Verbraucherproduktanbindungen aufgrund rückläufiger Verkaufszahlen eingestellt. CAPC versucht derzeit, neue umsatzgenerierende Operationen durch interne Entwicklung, Fusionen, Akquisitionen oder eine Kombination dieser Strategien aufzubauen. Das Unternehmen erwirtschaftet derzeit keine Einnahmen, und die Finanzierung von Coppermine dient ausschließlich der Aufrechterhaltung der Unternehmens Existenz und der grundlegenden Compliance-Kosten.
- Secured additional working capital funding of $485,163, up from $125,914
- Funding secured through Q3 2025 for basic operations
- Company currently generates no revenue
- Previous consumer product operations terminated due to declining sales
- Funding to basic corporate maintenance, not business development
- No concrete plans for new revenue-generating operations
“Coppermine’s additional funding reflects Coppermine’s continued and essential support of Capstone’s efforts to develop a new business line,” said Stewart Wallach, Chair of Company’s Board of Directors.
About Capstone Companies, Inc. Capstone Companies, Inc. is an SEC reporting company with its common stock quoted on OTC QB market. Formerly engaged in producing LED and Smart Mirror consumer products, Company ended its consumer product operations due to declining sales and has been seeking to establish a new business line and revenue generating operations through internal development, merger, acquisition or a combination of those actions. The Company currently has no revenue generating operations. Funding from Coppermine Ventures, LLC covers only expenses necessary to maintain corporate existence and basic corporate compliance costs of the Company.
FORWARD LOOKING STATEMENTS. Except for statements of historical fact in this press release, the information contained above contains forward-looking statements, which statements are characterized by words like “should,” “may,” “intend,” “expect,” “hope,” “believe,” “anticipate” and similar words. Forward looking statements are not guarantees of future performance and undue reliance should not be placed on them. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any statements about future performance or results expressed or implied by such forward-looking statements. Capstone Companies, Inc. (“Company”) is a public shell company without revenue generating revenues and relies on working capital funding from third parties to sustain its corporate existence and fund the compliance requirements as an SEC reporting company with its stock quoted on the OTC QB Venture Market. The Company is also a “penny stock” company with limited public market liquidity and no primary market makers. As such, Company may be unable to develop a new business line, or acquire or merge with an existing operating company, or, even if a new business line or revenue generating operation is established, to fund and successfully operate that new business line or operation. Funding from Coppermine Ventures, LLC covers only expenses necessary to maintain corporate existence and basic corporate compliance costs of the Company and does not fund establishing a new Company business line. Further, the public auditors of the Company have expressed doubt as to the Company as a going concern. Company may be unable to obtain adequate, affordable and timely funding to sustain any new business line or existing operations. There is substantial doubt about the Company’s ability to establish a new business line or sustain an operation. There is no existing agreement by the Company and a third party for a merger or acquisition of a company or assets. Any investment in the common stock of the Company is a highly risky investment that is not suitable for investors who cannot afford the total loss of the investment and the inability to liquidate the investment. The risk factors in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other filings with the SEC should be carefully considered prior to any investment decision. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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Contact information and media inquiries:
irinquiries@capstonecompaniesinc.com
Telephone: (954) 570-8889, ext. 315
Source: Capstone Companies, Inc.
FAQ
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