Capstone Companies, Inc. Common Stock Approved For DWAC/FAST
08 Março 2021 - 8:55AM
InvestorsHub NewsWire
DEERFIELD BEACH,
FL -- March 8, 2021 -- InvestorsHub NewsWire
-- 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 Depository Trust
Company (“DTC”) has approved Capstone common stock for DWAC/FAST
transfers. This newly approved stock transfer capability will
enable Capstone Shareholders to transfer their shares of CAPC
common stock electronically after buying or selling on the open
market, without the extra expense and delay associated with the
processing and transfer of physical share
certificates.
Aimee C. Brown,
Capstone’s Corporate Secretary, commented, “DWAC/FAST will improve
the ability of shareholders to manage their CAPC common stock and
is part of our ongoing 2021 review of ways to provide
shareholder-friendly assistance in investor relations and make
progress in the evolution of our public
company.”
About
DWAC/FAST. DWAC allows
participants to instruct DTC regarding deposit and withdrawal
transactions being made directly via a FAST transfer agent. The
FAST system eliminates the movement of physical share certificates
for transfers of securities registered in the name of DTC's
nominee, Cede & Co., on the transfer agent's books. DTC and its
FAST transfer agents reconcile the results of participants' deposit
and withdrawal activities electronically on a daily
basis.
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.
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 may contain 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
Capstone’s views as of any subsequent date. Such forward-looking
statements are based on information available to the Capstone as of
the date of this press release and involve a number of risks and
uncertainties, some beyond the Capstone’s control or ability to
foresee, that could cause actual results to differ materially from
those anticipated by these forward-looking statements, including,
the impact of DTC/DWAC on shareholder management of CAPC common
stock or trading. Information that could lead to material
changes in Capstone’s performance is contained in its filings with
the Securities and Exchange Commission or “SEC”. Capstone is under
no obligation to, and expressly disclaims any responsibility to,
update or alter forward-looking statements contained in this press
release, whether as a result of current information, future events
or otherwise. Any investment in CAPC 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 filings with the SEC, including disclosures of Risk Factors, as
a basis for investment decisions about CAPC common stock.
Capstone’s SEC filings can be accessed through SEC website:
www.sec.gov.
For more
information,
contact:
Company:
Aimee C.
Brown
Corporate
Secretary
(954) 252-3440,
ext. 313
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