PALM CITY, Fla., Aug. 14, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTC Pink:SWMM) (PINKSHEETS:SWMM) Today the Florida based pool & spa industry aggregator released their second quarter results for 2015, setting records for both revenues and earnings.
CPSM, Inc. reported a year over year, second quarter revenue increase of approximately fifteen percent and an increase of approximately thirteen percent from the first quarter. CPSM, Inc also reported a net income of nine percent of revenue.
Lawrence Calarco, Chairman of CPSM, Inc., commented, "Our first quarter results widely exceeded expectations however, our second quarter set a new record for both revenues and earnings on organic growth alone. It should be stressed that these results are primarily a result of our core business. The new plastering division has been launched and is finding its own success. We look forward to reporting on its progress."
Chairman Calarco added, "CPSM's new plastering division, having evolved from our core, is focused on delivering a superior level of service and quality product. We don't compromise. This posture has genuinely benefited our customers over the years and will provide our new plastering customers with the same level of high quality and customer satisfaction."
CPSM, Inc. is a publicly held company serving the rapidly expanding pool and spa maintenance, design, and construction industry in Florida.
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