Capstone announces the Introduction of its Latest Innovation: Connected Chef ™

• Appeals to the Global smart kitchen appliance market; projected to reach $47 Billion by 2028 with compound annual growth rate of 18.4%

• Designed to replace expensive phones or tablets in kitchen and avoid costly spills on those smart devices

DEERFIELD BEACH, Fla., June 01, 2023--(BUSINESS WIRE)--Capstone Companies, Inc. (OTCQB: CAPC) ("Capstone" or the "Company"), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology announces new product: Connected Chef ^TM.

Stewart Wallach, Capstone’s CEO stated, "We are thrilled to be introducing a new innovative product to the retail market. The Connected Chef ™ is designed and engineered for today’s digital kitchen providing access to unlimited free third party content online with millions of cooking and food related websites and videos as tutorials and cooking classes, all in one place." He added, "The Connected Chef ™ specific website will go live in the next couple days." Product is expected to be available for purchase by August 2023.

About Capstone Companies, Inc. Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc. and Capstone Lighting Technologies, LLC, in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.

Visit our websites 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. Certain statements in this press release are forward-looking statements. Actual market for a new product like Connected Chef ^TM may differ significantly from market indicated by forward-looking statements, including projections. The introduction of Connected Chef ^TM does not mean that the Company will achieve or be able to fund an effective effort to establish any market share in the home chef technology market. Actual results and actual market opportunity may differ significantly from projected market and consumer acceptance of a new product in that market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230601005244/en/

Contacts

Jonathan Caparco
Investor Relations
(954) 252-3440, ext. 315