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Capstone Comp (CAPC) maintains its position as a customer-focused retail leader through strategic operational execution and market-responsive initiatives. This dedicated news hub provides investors and industry observers with verified updates directly from corporate sources.
Access comprehensive coverage of earnings announcements, leadership changes, supply chain developments, and store expansion plans. Our curated collection ensures you stay informed about strategic partnerships, product launches, and operational improvements driving CAPC's consumer goods business.
Key updates include quarterly financial disclosures, inventory management innovations, and omnichannel retail strategies. The archive serves as an essential resource for tracking the company's adaptation to market trends and competitive pressures in the consumer goods sector.
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Capstone Companies, Inc. (OTCQB: CAPC) has signed a 5-year worldwide license agreement with T&B Media, , a UK-based company, for its Connected Chef kitchen tablet. The agreement grants T&B exclusive rights to promote, market, sell, distribute, and manufacture the product, with Capstone receiving a flat dollar license fee per unit sold.
The Connected Chef is a purpose-built kitchen tablet featuring Google mobile services, including Playstore and YouTube integration, designed to withstand kitchen conditions. This licensing deal marks the first commercial exploitation of the product, which was developed in 2023 to replace Capstone's discontinued Smart Mirror line.
While Capstone's strategic focus remains on their health, fitness, and social activities (HFS) business, this licensing initiative aims to recoup Connected Chef development costs. However, the company acknowledges significant market competition and lacks operational experience with the product, making financial performance predictions uncertain.
Capstone Companies (OTCQB: CAPC) has signed a Memorandum of Understanding (MOU) with Coppermine Ventures to develop an online customer registration and management application for Coppermine's 20 health, fitness, and social activities facilities in Maryland.
The plan development is expected to complete by May 31, 2025, with implementation aimed for 2025. The application's development is contingent on plan acceptance, signing of a definitive agreement, and funding from Coppermine, which currently serves approximately 35,000 customers annually.
Notably, Coppermine has provided working capital funding for Capstone's corporate maintenance through Q3 2025. Coppermine's founder Alexander Jacobs also serves as Capstone's CEO and director. The application, if successful, could potentially be licensed to third-party operators in the health, fitness, and social activities industry.
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) has appointed Brian Rosen as a non-employee director, effective January 20, 2025. Rosen brings extensive experience in marketing, business development, contract negotiation, and government relations, having served in senior roles at Novavax and the Leukemia & Lymphoma Society.
The appointment aligns with CAPC's strategic shift following the discontinuation of its LED and Smart Mirror consumer products division. The company, currently generating no revenue, is actively seeking to establish new business lines through internal development, merger, acquisition, or a combination thereof. The addition of Rosen, with his background in pursuing revenue-generating opportunities, is part of CAPC's broader initiative to develop year-round social, fitness, and health programs and facilities.
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) 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 announced the appointment of Alexander Jacobs as its new CEO and director. Jacobs, founder of Coppermine Ventures, will focus on developing a new business line and generating revenue. Coppermine Ventures, a profitable business with 20 facilities in Maryland, offers various social, athletic, and fitness programs. Jacobs, an experienced entrepreneur, built Coppermine from a startup to a successful enterprise serving 35,000 families with over 700 employees.
Stewart Wallach, Chair of Capstone's Board, praised Jacobs' ability to develop successful businesses. Jacobs expressed his enthusiasm for creating sustainable businesses that benefit children, families, and adults through sports and social activities.
Coppermine Ventures provided $125,914 in working capital funding to Capstone in October 2024 and is obligated to provide an additional $218,640 through the first fiscal quarter of 2025 under a Management Transition Agreement (MTA). This funding allows Coppermine to nominate candidates for CEO and board positions, subject to verification by Capstone's Board.
Capstone, previously engaged in LED and Smart Mirror products, ceased operations in 2023 due to declining sales. The company is now seeking to establish new revenue-generating operations through new management and strategic development.
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