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, reported its financial results for the full year 2021. Gerry McClinton, Capstone’s Chief Financial Officer, commented, “The Product Development team fought through 2 years of pandemic related delays in order to finalize the Smart Mirror portfolio. With inventory now available, Management has refocused on Strategic Development and Financial Management for future growth.” Stewart Wallach, Capstone’s Chairman and Chief Executive Officer, commented, “Our company experienced firsthand what it is like to be tested at every level in every way during 2021.” Mr. Wallach added, “Management's business acumen guided us through a maze of business obstacles that could never have been anticipated.” Webcast and Teleconference to Review Results and Outlook Friday, April 1, 2022 10:30 a.m. Eastern Time Phone: (201) 689-8562 A telephonic replay will be available from 1:30 p.m. ET the day of the call until Friday, April 8, 2022. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13728169. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com, along with a transcript once available. 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 and marketing of consumer products to retail channels throughout North America and certain international markets. Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein. Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line, any difficulty in marketing Company products in its target markets, competition in the market, and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission. Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below. FINANCIAL TABLES FOLLOW. THE FOLLOWING SUMMARY FINANCIAL STATEMENT SHOULD BE READ ALONG WITH THE FORM 10K FINANCIAL STATEMENT FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION. 2021 2020 $ 1,277,492 $ 1,223,770 1,481 120,064 508,920 8,775 500,748 75,622 284,873 861,318 2,573,514 2,289,549 76,928 54,852 98,651 158,504 11,148 25,560 1,312,482 1,312,482 $ 4,072,723 $ 3,840,947 $ 538,551 $ 825,690 70,157 63,307 608,708 888,997 37,533 107,690 1,030,340 - 273,954 259,699 1,341,827 367,389 1,950,535 1,256,386 - - 2 - - - 4,892 4,630 8,554,320 7,053,328 (6,437,026 ) (4,473,397 ) 2,122,188 2,584,561 $ 4,072,723 $ 3,840,947 CAPSTONE COMPANIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 2021 2020 $ 685,854 $ 2,770,358 (638,644 ) (2,266,592 ) 47,210 503,766 28,568 300,420 1,276,503 1,515,522 368,229 422,820 308,823 249,879 420,962 477,121 - 623,538 2,403,085 3,589,300 (2,355,875 ) (3,085,534 ) 456,275 89,600 (48,974 ) 179 407,301 89,779 (1,948,574 ) (2,995,755 ) 15,055 (611,939 ) $ (1,963,629 ) $ (2,383,816 ) $ (0.04 ) $ (0.05 ) 50,600,298 46,337,198 Par Value - $ - - $ - - $ - 46,579,747 $ 4,658 $ 7,061,565 $ (2,089,581 ) $ 4,976,642 - - - - - - - - 28,068 - 28,068 - - - - - - (283,383 ) (28 ) (36,305 ) - (36,333 ) - - - - - - - - - (2,383,816 ) (2,383,816 ) - $ - - $ - - $ - 46,296,364 $ 4,630 $ 7,053,328 $ (4,473,397 ) $ 2,584,561 - $ - - $ - - $ - 46,296,364 $ 4,630 $ 7,053,328 $ (4,473,397 ) $ 2,584,561 - - - - - - - - 15,619 - 15,619 15,000 2 48,994 48,996 - - 2,596,667 262 1,436,379 1,436,641 - - - - - - - - - (1,963,629 ) (1,963,629 ) - $ - 15,000 $ 2 - $ - 48,893,031 $ 4,892 $ 8,554,320 $ (6,437,026 ) $ 2,122,188 2021 2020 $ (1,963,629 ) $ (2,383,816 ) 9,852 24,297 15,619 28,068 59,853 55,698 - 623,538 48,996 - 14,255 259,699 - 173,426 118,583 (106,605 ) (500,145 ) 16,043 (425,126 ) 107,160 14,412 20,461 (287,139 ) 16,671 576,445 (641,111 ) (63,307 ) (51,175 ) (2,381,331 ) (1,857,646 ) (31,928 ) (13,500 ) (31,928 ) (13,500 ) 1,436,641 - 1,030,340 - - (36,333 ) 2,466,981 (36,333 ) 53,722 (1,907,479 ) 1,223,770 3,131,249 $ 1,277,492 $ 1,223,770 $ 48,996 $ - $ 10,340 $ -