DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology, announced today that one of the Company’s directors, Jeffrey Guzy has exercised a previously granted non-qualified stock option and purchased 100,000 shares of Company Common Stock (“Shares”) for an aggregate purchase price of $.435, or a per share purchase price of $43,500.00. The Shares are “restricted securities” under federal securities laws and were acquired by independent Director Guzy to support the Company’s business efforts.
The proceeds from the purchase of the Shares will be used by the Company for general working capital purchases, especially in support of the Company’s roll out of its new Smart Mirror product line.
Stewart Wallach, Chief Executive Officer and Chairman of the Board of Directors of the Company, said, “Jeffrey Guzy has been a Director of the Company for over ten years and this action supports the Company’s strategic initiatives and new product direction.”
Director Jeffrey Guzy said, “I believe the focus on the new Smart Mirror product line is a necessary and appropriate shift in the strategic plan for the Company. I have confidence in the ability of Company management to implement the new strategic plan of the Company and my exercise of the non-qualified stock option is a reflection…