PALM CITY, Fla., Oct. 20, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTC Pink:SWMM) (PINKSHEETS:SWMM) the Florida based pool & spa industry aggregator, today announced the acquisition of a Martin County, FL based competitor and the closing on the property for the new headquarters location.
Lawrence Calarco, Chairman of CPSM, Inc., commented, “We have just completed an acquisition of a small competitor in Martin County, further expanding our reach. We also closed on the purchase of the property for our new headquarters location. This new location will immediately save the Company money as we can now consolidate the plastering division which had been renting a temporary warehouse. Additionally, once we shed ourselves of the Martin Downs facility the reoccurring savings will be substantial. We hope to complete renovations in early Q1. This new facility is much larger and will allow us to perform training and vehicle maintenance on site adding to the reoccurring savings. Customers will enjoy a better showroom experience as well.”
Responding to questions on the progress of the new plastering division, Chairman Calarco stated, “The plastering division is maturing well. We are currently operating with few exceptions, on a 45 day backlog. Pool owners are thrilled with the results and the pool builders have embraced our reliable services and competitive pricing. We are encountering new opportunities for growth weekly.”
CPSM, Inc. is a publicly held company serving the surging pool/spa maintenance, design, and construction industry in Florida.
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