CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01 Entry into Material Definitive Contracts
CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) Files An 8-K Entry into a Material Definitive Agreement
At a March 31, 2017 meeting of the Board of Directors of Capstone Companies, Inc., a Florida corporation, (“Company”), the directors unanimously approved extending the term of three existing loans made to the Company by Jeffrey Postal, a director of the Company, to January 2, 2018. Mr. Postal recused himself from the board deliberations and vote. The loans provided working capital to the Company. The estimated unpaid aggregate principal of the loans is $998,000 (as of the date of this Current Report on Form 8-K).
About CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC)
Capstone Companies, Inc. (CAPC) is a holding company. The Company designs and manufactures a line of specialty power failure lighting solutions and other specialty consumer products for the North American and Global retail markets through its operating subsidiary. Its product line consists of consumer lighting products, including power failure multi-function handheld lights, power failure multi-function nightlights and wall-plates, decorative nightlights, wireless motion sensor lights, remote control battery powered accent lights and remote control outlets. Its products are sold under Capstone Industries, Inc. (CAPI) brand name, Capstone Lighting, and also under a licensed brand. The Company oversees the manufacturing of its products through its three operating subsidiaries: CAPI, Capstone International H.K Ltd. (CIHK) and Capstone Lighting Technologies, Inc. (CLTL). The Company is focused on establishing relationships with international, national and regional retailers. CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) Recent Trading Information
CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) closed its last trading session down -0.020 at 0.480 with 125,235 shares trading hands.
Capstone Companies, Inc. (CAPC) is a holding company. The Company designs and manufactures a line of specialty power failure lighting solutions and other specialty consumer products for the North American and Global retail markets through its operating subsidiary. Its product line consists of consumer lighting products, including power failure multi-function handheld lights, power failure multi-function nightlights and wall-plates, decorative nightlights, wireless motion sensor lights, remote control battery powered accent lights and remote control outlets. Its products are sold under Capstone Industries, Inc. (CAPI) brand name, Capstone Lighting, and also under a licensed brand. The Company oversees the manufacturing of its products through its three operating subsidiaries: CAPI, Capstone International H.K Ltd. (CIHK) and Capstone Lighting Technologies, Inc. (CLTL). The Company is focused on establishing relationships with international, national and regional retailers. CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) Recent Trading Information
CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) closed its last trading session down -0.020 at 0.480 with 125,235 shares trading hands.