STUART, Fla., May 16, 2016 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCQB:SWMM) the Florida based pool & spa industry aggregator today has reported its fifth consecutive quarter of revenue growth.
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CPSM, Inc. reported top line growth of approximately 34% over Q1 of 2015. The Company continues to improve fiscal results with an increase exceeding 40% in Stockholders’ Equity and an improvement in the Current Ratio exceeding 30%. The Company also completed its move to its new headquarters and will now be able to capitalize on efficiencies of scale.
Lawrence Calarco, Chairman of CPSM, Inc. commented, “Our results continue to improve. Our operational footprint has become denser with the recent acquisitions allowing us to operate more efficiently. Further, our plastering division (CPP, www.cpoolplastering.com) has already had to expand to meet current and projected demand. Lastly, we are pleased that our strategy to shore up the financial side of the business is realizing demonstrable results. Shareholders should find great comfort in our progress to date and our ongoing efforts in this regard. We are managing our explosive growth in a responsible manner.”
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.