CPSM, Inc. Q2 Reflects Continued Growth In Shareholders’ Equity
STUART, FL, August 14, 2017 (GlobeNewswire)— CPSM, Inc. (OTCQB: SWMM), the Florida based pool & spa industry aggregator, released its second quarter and six-month results with substantial value growth.
CPSM reported an increase of year over year Shareholders’ Equity of approximately 16% over the same period in the prior year.
Chairman Lawrence Calarco reflecting on the quarter, commented, “Our year over year revenue and earnings reported were fairly flat as a result of timing on several major projects that have been expensed but, not billed. This is not uncommon during the summer months while many northern residents are away. The Company has rewarded its shareholders with a substantial appreciation in equity and an approximate 9% increase in assets. We are proud that we have continued to expand the Company alongside growing the inherent value for our shareholders.”
CPSM, Inc. is a publicly held company serving the surging pool/spa maintenance, design, and construction industry.
Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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SOURCE: CPSM, Inc.
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