Trump announces 100% chip tariff as Apple ups U.S. investment
DEERFIELD BEACH, Fla. - Capstone Companies, Inc. (OTCQB: CAPC), a micro-cap company with a market value of $0.81 million and current share price of $0.02, has signed a Memorandum of Understanding (MOU) with Coppermine Ventures, LLC to create a customer registration and management application for Coppermine’s 20 health and fitness facilities in Maryland. The MOU, announced today, outlines the intention to finalize a development plan by May 31, 2025, with the aim to launch the application within the same year, contingent upon plan approval, a formal agreement, and funding from Coppermine.
Stewart Wallach, Chairman of Capstone’s Board of Directors, indicated that beyond enhancing Coppermine’s operations, the application could potentially be offered for licensing to other businesses in the industry and may be utilized in any future facilities Capstone develops or acquires.
Coppermine, which annually serves an estimated 35,000 customers, has also been providing working capital funding to Capstone for corporate maintenance overhead through the third fiscal quarter of 2025. The founder, owner, and manager of Coppermine, Alexander Jacobs, concurrently serves as Capstone’s CEO and a director, emphasizing the close ties between the two entities.
Capstone’s current operations include developing their health, fitness, and social activities business and licensing the Connected Chef smart device technology. The company’s financial sustainability relies on third-party funding, including support from Coppermine, as it is a "penny stock" company with limited market liquidity.
This news is based on a press release statement and, while the development of the application is a forward-looking statement, it should be noted that such projections are not guaranteed and are subject to risks and uncertainties. InvestingPro subscribers can access 12+ additional key metrics and exclusive analysis to better assess the company’s risk profile and growth potential. Investors are cautioned to consider the risk factors detailed in Capstone’s SEC filings before making investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.