Capstone Companies’ Strategic Realignment: Develop Sports-Entertainment Centers for Children, Adults and Families
Capstone Companies (OTCQB: CAPC) has announced a strategic shift to develop and operate sports-entertainment recreational centers. The facilities will offer activities like pickleball and padel, combined with food-drink services and entertainment options including live music, sports bars, and gaming areas.
The initial geographic focus includes Virginia, North Carolina, Georgia, Florida, and New Jersey. The company received $125,914 in working capital funding from Coppermine Ventures, (CVEN) in October 2024, with an additional $218,640 committed through Q1 2025. CVEN has already funded $50,018 of this amount.
The company closed its consumer products business in 2024 due to insufficient sales and currently has no revenue-generating operations. Success of the new strategy depends on securing additional third-party funding.
Capstone Companies (OTCQB: CAPC) ha annunciato un cambiamento strategico per sviluppare e gestire centri ricreativi di intrattenimento sportivo. Le strutture offriranno attività come pickleball e padel, unite a servizi di ristorazione e opzioni di intrattenimento, tra cui musica dal vivo, sport bar e aree di gioco.
Il primo obiettivo geografico comprende Virginia, Carolina del Nord, Georgia, Florida e New Jersey. L'azienda ha ricevuto $125,914 in finanziamenti per il capitale circolante da Coppermine Ventures (CVEN) nell'ottobre 2024, con ulteriori $218,640 impegnati fino al primo trimestre del 2025. CVEN ha già finanziato $50,018 di questo importo.
L'azienda ha chiuso la propria attività di prodotti di consumo nel 2024 a causa di vendite insufficienti e attualmente non ha operazioni che generano entrate. Il successo della nuova strategia dipende dalla sicurezza di ulteriori finanziamenti da terzi.
Capstone Companies (OTCQB: CAPC) ha anunciado un cambio estratégico para desarrollar y operar centros recreativos de entretenimiento deportivo. Las instalaciones ofrecerán actividades como pickleball y padel, combinadas con servicios de comida y bebida y opciones de entretenimiento, incluyendo música en vivo, bares deportivos y áreas de juegos.
El enfoque geográfico inicial incluye Virginia, Carolina del Norte, Georgia, Florida y Nueva Jersey. La empresa recibió $125,914 en financiamiento de capital de trabajo de Coppermine Ventures (CVEN) en octubre de 2024, con un compromiso adicional de $218,640 hasta el primer trimestre de 2025. CVEN ya ha financiado $50,018 de esta cantidad.
La empresa cerró su negocio de productos de consumo en 2024 debido a ventas insuficientes y actualmente no tiene operaciones generadoras de ingresos. El éxito de la nueva estrategia depende de asegurar financiamiento adicional de terceros.
캡스톤 컴퍼니 (OTCQB: CAPC)는 스포츠 엔터테인먼트 레크리에이션 센터를 개발하고 운영하기 위한 전략적 전환을 발표했습니다. 이 시설은 피클볼과 패들과 같은 활동을 제공하며, 음식 및 음료 서비스와 라이브 음악, 스포츠 바, 게임 구역과 같은 엔터테인먼트 옵션이 결합됩니다.
초기 지리적 초점은 버지니아, 노스 캐롤라이나, 조지아, 플로리다 및 뉴저지를 포함합니다. 회사는 2024년 10월에 Coppermine Ventures (CVEN)로부터 운영 자본 자금 $125,914를 받았으며, 2025년 1분기까지 추가로 $218,640이 약정되었습니다. CVEN은 이미 이 금액 중 $50,018를 자금을 지원했습니다.
회사는 2024년에 매출 부족으로 소비재 사업을 종료하였고 현재 수익을 창출하는 운영이 없습니다. 새로운 전략의 성공은 추가적인 제3자 자금을 확보하는 데 달려 있습니다.
Capstone Companies (OTCQB: CAPC) a annoncé un changement stratégique pour développer et exploiter des centres de loisirs de divertissement sportif. Les installations proposeront des activités telles que pickleball et padel, combinées avec des services de nourriture et de boissons ainsi que des options de divertissement, y compris de la musique en direct, des bars sportifs et des zones de jeux.
Le premier axe géographique comprend la Virginie, la Caroline du Nord, la Géorgie, la Floride et le New Jersey. La société a reçu 125 914 $ de financement en capital de roulement de Coppermine Ventures (CVEN) en octobre 2024, avec un engagement supplémentaire de 218 640 $ d'ici le premier trimestre 2025. CVEN a déjà financé 50 018 $ de ce montant.
La société a fermé son activité de produits de consommation en 2024 en raison de ventes insuffisantes et n'a actuellement aucune opération générant des revenus. Le succès de la nouvelle stratégie dépend de la sécurisation de financements supplémentaires de tiers.
Capstone Companies (OTCQB: CAPC) hat eine strategische Wende angekündigt, um Sport- und Freizeitunterhaltungszentren zu entwickeln und zu betreiben. Die Einrichtungen werden Aktivitäten wie Pickleball und Padel anbieten, kombiniert mit Speise- und Getränkeservice sowie Unterhaltungsoptionen wie Live-Musik, Sportbars und Spielbereiche.
Der anfängliche geografische Fokus umfasst Virginia, North Carolina, Georgia, Florida und New Jersey. Das Unternehmen erhielt im Oktober 2024 eine Finanzierung von $125,914 für Betriebskapital von Coppermine Ventures (CVEN), mit weiteren $218,640, die bis zum ersten Quartal 2025 zugesagt wurden. CVEN hat bereits $50,018 von diesem Betrag bereitgestellt.
Das Unternehmen hat 2024 sein Konsumgütergeschäft aufgrund unzureichender Verkäufe eingestellt und hat derzeit keine umsatzgenerierenden Aktivitäten. Der Erfolg der neuen Strategie hängt von der Sicherstellung zusätzlicher Drittmittel ab.
- Strategic pivot to enter the growing sports-entertainment industry
- Secured initial funding of $125,914 plus commitment for additional $218,640
- Experienced CEO with background in sports-entertainment sector
- No current revenue-generating operations
- Former business line closed due to insufficient sales
- Requires significant additional funding to implement new strategy
- No secured third-party funding or strategic partnerships yet
- Going concern risks without additional funding
Under the new strategic focus, the Company will seek to develop and operate facilities offering popular competitive sports, such as pickleball and padel, coupled with a food-drink and entertainment center suitable for social activities: birthday parties, corporate events, graduation celebrations and post-school or summer activities. Entertainment may consist of a combination of a small live music stage, sports bar with large screen televisions, and interactive sports video gaming area. The addition of a soccer or other competitive sports field may be added to host corporate or league sponsored tournaments. The centers would be designed to be a social and community activities magnet for the locality. The initial geographic focus for the new strategic plan will be
With the Company’s new Chief Executive Officer, Alexander Jacobs, having extensive experience in developing and operating sports entertainment recreational centers for children, adults and families, and being tasked with developing a new business line for the Company, the strategic focus on sports-entertainment center industry is deemed by the Company as the most promising path to creating a new business line for the Company.
“The sports-entertainment industry is an expanding industry with promising opportunities for new ventures with the right concept and competent execution. We intend to develop a concept that can be rolled out on a regional or national basis. Our ability to develop and execute the new strategic plan will require adequate, timely, and affordable funding, possibly coupled with a strategic partnership or merger with another company capable of financially supporting our strategic initiative,” said Alexander Jacobs, the Company’s CEO. “The challenge for the Company in 2025 is to fund and then execute the new strategic plan.”
The Company has not secured third party funding or entered into any agreement for a strategic partnership or merger as of the date of this press release. The Company is currently seeking additional directors for the Company’s Board of Directors and other personnel to assist in the efforts to secure funding and to implement the new strategic plan.
As previously announced, Coppermine Ventures, LLC (“CVEN”), which is owned and managed by Alexander Jacobs, provided
The Company’s former business line of consumer products was closed in 2024 due to insufficient sales and the Company has no current revenue generating operations. Developing and pursuing a new business line will require adequate, timely and affordable third-party funding, which the Company may not be able to secure. Without revenues, the Company needs to develop a new business line with revenue generating operations to sustain the Company as a going concern. There is no assurance that the Company can secure third party funding, a strategic partnership or a merger, or otherwise implement the new strategic plan.
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 meeting 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. 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. There is substantial doubt about the Company’s ability to establish a new business line or sustain an operation. The business and financial results of another company, including Coppermine Ventures, LLC or any affiliated company, is not relevant to, and not an indication of the future prospects of any future business, or the future financial condition or performance of the Company, or future corporate transactions, and should not be relied upon or regarded as an indication of future business and financial performance of the Company or its future corporate transactions. There is no existing agreement by the Company and a third party for a strategic partnership with, or a merger or acquisition of, a company or business. 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 readily 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:
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954-570-8889 x 315
Source: Capstone Companies, Inc.
FAQ
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