0000939802-17-000034.txt : 20170425 0000939802-17-000034.hdr.sgml : 20170425 20170425160444 ACCESSION NUMBER: 0000939802-17-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170425 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170425 DATE AS OF CHANGE: 20170425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPSTONE COMPANIES, INC. CENTRAL INDEX KEY: 0000814926 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 841047159 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28831 FILM NUMBER: 17781139 BUSINESS ADDRESS: STREET 1: 350 JIM MORAN BLVD. STREET 2: SUITE 120 CITY: DEERFIELD BEACH STATE: FL ZIP: 33442 BUSINESS PHONE: (954) 252-3440 MAIL ADDRESS: STREET 1: 350 JIM MORAN BLVD. STREET 2: SUITE 120 CITY: DEERFIELD BEACH STATE: FL ZIP: 33442 FORMER COMPANY: FORMER CONFORMED NAME: CHDT CORP DATE OF NAME CHANGE: 20070801 FORMER COMPANY: FORMER CONFORMED NAME: CHINA DIRECT TRADING CORP DATE OF NAME CHANGE: 20040601 FORMER COMPANY: FORMER CONFORMED NAME: CBQ INC DATE OF NAME CHANGE: 19981207 8-K 1 form8k042517.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report:  April 25, 2017
Earliest Event Date requiring this Report:  April 25, 2017
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

CAPSTONE COMPANIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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FLORIDA
0-28331
84-1047159
(State of Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer Identification No.)

350 Jim Moran Blvd.
Suite 120
Deerfield Beach, Florida 33442
(Address of principal executive offices)

(954) 570-8889, Est. 313
(Registrant's telephone number, including area code)

Item 2.02.    Results of Operations and Financial Condition.

On April 25, 2017, Capstone Companies, Inc., a Florida corporation, (the "Company"), issued a press release about operating and financial results for the fiscal quarter for the three months ended March 31, 2017.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.  The press release contains disclosures about anticipated Company product orders and demand in fiscal quarters ended March 31, 2017 and June 30, 2017.

Item 7.01.    Regulation FD Disclosure

As stated above, the Company issued a press release about operating and financial results for the fiscal quarter ended March 31, 2017, which press release is attached hereto as Exhibit 99.1. The information discussed under Item 2.02 above and this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01.    Financial Statements and Exhibits.

EXHIBIT NUMBER
EXHIBIT DESCRIPTION
   
99.1
April 25, 2017 Press Release by Capstone Companies, Inc. re:
Quarterly Results for fiscal quarter ending March 31, 2017
For Fiscal Quarter ended March 31, 2017. *

*Filed Herein
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CAPSTONE COMPANIES, INC., A FLORIDA CORPORATION

By: /s/ James McClinton
Chief Financial Officer
Date:   April 25, 2017
 EX-99.1 2 form8k042517ex99-1.htm
Exhibit 99.1
News Release

FOR IMMEDIATE RELEASE
Capstone Companies, Inc. Raises First Quarter 2017 Revenue Expectations to $5.5 Million

· Updated first quarter 2017 revenue expectation to $5.5 million, up from prior guidance of an estimated $4.1 million
· Fourth consecutive "record" quarter performance
· Strong backlog continues for orders of new products to be available at retail in Q1
& Q2 2017

DEERFIELD BEACH, FL, April 25, 2017 – Capstone Companies, Inc. (OTC: CAPC) ("Capstone" or the "Company"), a designer of innovative LED lighting solutions including power failure lighting, today raised its revenue guidance for the 2017 first quarter to $5.5 million. The increases in guidance provided today are based on increased presence of the Company's product on store shelves of its large U.S. retailers, higher customer demand for the Company's products and strong reorder activity that is driving growing backlog.

Stewart Wallach, Capstone's CEO, commented, "Our 2017 Q1 revenue expectations further validate the momentum our Company is experiencing. At the close of Q1, we will have had four consecutive record quarters yielding trailing 12 month revenues of an estimated $34.5 million. Importantly, the Company backlog continues to grow and remain strong supporting Q2 and Q3.  He added, "Sales and marketing have reported strong product placement and Q1 includes the shipments of five new product entries for 2017."

Additionally Larry Sloven, President of Capstone International Hong Kong reports, "The Company has received orders from two leading home improvement retailers in the Pacific Rim that furthers the Company's international reach. This new distribution falls on the heels of record international sales in 2016."

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, logistics, and distribution of consumer and institutional products, including the Hoover® HOME LED lighting product line, to accounts throughout North America and in international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.

FORWARD-LOOKING STATEMENTS:

This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation
Reform Act of 1995, as amended. Such statements consist of words like "anticipate," "expect," "project," "continue" and similar words. These statements are based on the Company's and its subsidiaries' current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include consumer acceptance of the Company's products, its ability to deliver new products, the success of its strategy to broaden market channels and the relationships it has with retailers and distributors. Prior success in operations does not necessarily mean success in future operations. The ability of the Company to adequately and affordably fund operations and any growth will be critical to achieving and sustaining any expansion Capstone Companies, Inc. Raises First Quarter 2017 Revenue Expectations to $5.5 Million markets and revenue. The introduction of new products or the expanded availability of products does not mean that the Company will enjoy better financial or business performance. The risks associated with any investment in Capstone Companies, Inc., which is a small business concern and a "penny-stock Company" and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the risks and uncertainties more fully described in the Company's Annual and Quarterly Reports filed with the Securities and Exchange Commission. Capstone Companies, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Contents of referenced URLs are not incorporated into this press release or any SEC filings.


For more information, contact
Company:

Aimee Gaudet
Corporate Secretary
(954) 252-3440, ext. 313