CPSM, Inc. Closes on Two Acquisitions

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.

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.

CONTACT: Jeff Michel
Director
CPSM, Inc.
Email : info@cpsm-inc.com
www.cpsm-inc.com
www.cpoolplastering.com
www.custompoolmechanics.com

Left Menu Icon
Right Menu Icon