Warner Session, Washington, D.C. Lawyer and Lobbyist, Appointed as Independent Director of Capstone Companies, Inc.
Capstone Companies (OTCQB: CAPC) has appointed Warner H. Session as an independent director, effective January 9, 2025. Session, principal of Session Law Firm in Washington, D.C., brings extensive experience in government relations, business development, and real estate transactions since 1991. He previously served on the Board of Directors for the Metropolitan Washington Airports Authority and worked in the U.S. House of Representatives.
This appointment aligns with Capstone's strategic shift from LED and Smart Mirror consumer products to developing a new business focused on year-round social, athletic, and fitness programs. The company, which currently has no revenue-generating operations, is actively seeking to establish new business lines through internal development, merger, acquisition, or a combination of these approaches.
Capstone Companies (OTCQB: CAPC) ha nominato Warner H. Session come amministratore indipendente, a partire dal 9 gennaio 2025. Session, principale dello Studio Legale Session a Washington, D.C., porta con sé una vasta esperienza nelle relazioni governative, nello sviluppo commerciale e nelle transazioni immobiliari dal 1991. In precedenza, ha ricoperto un ruolo nel Consiglio di Amministrazione dell'Autorità degli Aeroporti di Washington Metropolitana e ha lavorato alla Camera dei Rappresentanti degli Stati Uniti.
Questa nomina è in linea con il cambiamento strategico di Capstone, che passa dalla produzione di prodotti per consumatori come LED e Specchi Intelligenti all sviluppo di un nuovo business incentrato su programmi sociali, atletici e di fitness disponibili tutto l'anno. L'azienda, attualmente priva di operazioni generatrici di entrate, sta attivamente cercando di stabilire nuove linee di business attraverso sviluppi interni, fusioni, acquisizioni o una combinazione di queste strategie.
Capstone Companies (OTCQB: CAPC) ha nombrado a Warner H. Session como director independiente, con efecto a partir del 9 de enero de 2025. Session, director del bufete de abogados Session en Washington, D.C., aporta una amplia experiencia en relaciones gubernamentales, desarrollo comercial y transacciones inmobiliarias desde 1991. Anteriormente, sirvió en la Junta Directiva de la Autoridad de Aeropuertos de Washington Metropolitana y trabajó en la Cámara de Representantes de los EE. UU.
Esta designación se alinea con el cambio estratégico de Capstone de productos de consumo LED y Espejos Inteligentes a desarrollar un nuevo negocio centrado en programas sociales, atléticos y de fitness durante todo el año. La empresa, que actualmente no tiene operaciones generadoras de ingresos, está buscando activamente establecer nuevas líneas de negocio a través de desarrollo interno, fusiones, adquisiciones o una combinación de estos enfoques.
캐프스톤 컴퍼니 (OTCQB: CAPC)가 2025년 1월 9일부로 워너 H. 세션을 독립 이사로 임명했습니다. 세션은 워싱턴 D.C.의 세션 법률 사무소의 대표로서 1991년 이래로 정부 관계, 사업 개발 및 부동산 거래에서 광범위한 경험을 쌓았습니다. 그는 이전에 메트로폴리탄 워싱턴 공항당국 이사회를 역임했으며 미국 하원에서 근무했습니다.
이번 임명은 캐프스톤이 LED 및 스마트 미러 소비자 제품에서 연중 내내 사회적, 스포츠 및 피트니스 프로그램에 중점을 둔 새로운 비즈니스를 개발하는 방향으로 전략적으로 전환하는 것입니다. 현재 수익을 창출하는 운영이 없는 이 회사는 내부 개발, 합병, 인수 또는 이들 접근 방식의 조합을 통해 새로운 사업라인을 확립하기 위해 적극적으로 노력하고 있습니다.
Capstone Companies (OTCQB: CAPC) a nommé Warner H. Session comme directeur indépendant, à compter du 9 janvier 2025. Session, principal du cabinet d'avocats Session à Washington, D.C., apporte une vaste expérience dans les relations gouvernementales, le développement commercial et les transactions immobilières depuis 1991. Il a précédemment siégé au conseil d'administration de l'Autorité des aéroports de Washington Métropolitain et a travaillé à la Chambre des représentants des États-Unis.
Cette nomination s'inscrit dans le cadre du changement stratégique de Capstone, qui passe des produits grand public LED et des miroirs intelligents au développement d'une nouvelle entreprise axée sur des programmes sociaux, sportifs et de remise en forme disponibles toute l'année. L'entreprise, qui n'a actuellement pas d'opérations générant des revenus, recherche activement à établir de nouvelles lignes commerciales par le développement interne, la fusion, l'acquisition ou une combinaison de ces approches.
Capstone Companies (OTCQB: CAPC) hat Warner H. Session mit Wirkung vom 9. Januar 2025 als unabhängigen Direktor ernannt. Session, Leiter der Session Anwaltskanzlei in Washington, D.C., bringt seit 1991 umfangreiche Erfahrung in den Bereichen Regierungsbeziehungen, Geschäftsentwicklung und Immobiliengeschäfte mit. Zuvor war er im Vorstand der Metropolitan Washington Airports Authority tätig und arbeitete im Repräsentantenhaus der USA.
Diese Ernennung steht im Einklang mit dem strategischen Wandel von Capstone von LED- und Smart-Mirror-Verbraucherprodukten hin zur Entwicklung eines neuen Geschäfts, das sich auf ganzjährige soziale, sportliche und Fitnessprogramme konzentriert. Das Unternehmen, das derzeit keine umsatzgenerierenden Aktivitäten hat, ist aktiv auf der Suche nach der Etablierung neuer Geschäftsfelder durch interne Entwicklung, Fusionen, Übernahmen oder eine Kombination dieser Ansätze.
- Strategic pivot towards social, athletic, and fitness programs business
- Addition of director with extensive government relations and real estate development experience
- Company currently generates no revenue
- Discontinued previous LED and Smart Mirror consumer products due to declining sales
Mr. Session is the principal of Session Law Firm, P.C., a
“Warner brings valuable experience in business and commercial real estate development and government relations to Capstone Companies’ efforts to build a new business focused on year-round social, athletic, and fitness programs that appeal to children, adults and families,” said Stewart Wallach, Chair of the Company’s Board of Directors. “His experience in helping business achieve results in commercial real estate development and government assistance in business development complements the operational experience of our new Chief Executive Officer in the proposed year-round social, athletic, and fitness business,” added Mr. Wallach.
Mr. Session said, “I look forward to the challenge and potential of Capstone Companies as a company seeking to develop a new business line that fosters individual fitness and social and emotional enhancement as well as aiding local community development.”
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. The appointment of a new CEO and appointment of directors is part of the Company’s efforts to establish revenue generating operations by bringing in new management members with experience in industries other than the Company’s former industry as well as a proven ability to build, fund or assist in creating sustainable, new business lines.
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. The capabilities or prior performance or contributions of any officer or director with other companies or firms is not to be taken as indicative of his or her performance or contributions as an officer or director of the Company. 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. 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
What is Capstone Companies' (CAPC) new business strategy after discontinuing LED products?
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