STUART, Fla., Nov. 15, 2016 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTCQB:SWMM), the Florida based pool & spa industry aggregator, today has reported double digit growth for the third quarter ending September 30, 2016.
CPSM, Inc. reported top line growth of approximately 13% over Q3 of 2015 and 30% plus growth for the nine month period. The Company is continuing to complete the integration of its last acquisition while reducing its long term debt by more than 28%.
Lawrence Calarco, Chairman of CPSM, Inc. commented, “The first nine months of the year has provided an opportunity to continue our double digit growth pace while structuring the Company to reduce ongoing operating costs. Our move to the new facility enables us to improve our purchasing and operate more efficiently. We are proud to have continued this growth pace while simultaneously reducing our debt in a meaningful way. Long term success can only be built on solid fiscal footing and strategic planning.”
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.