PALM CITY, Fla., May 14, 2015 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTC Pink:SWMM) (PINKSHEETS:SWMM) Today the Florida based pool & spa industry aggregator released their first quarter results for 2015, beating expectations.
CPSM, Inc. reported a year over year, first quarter revenue increase of approximately nine percent with a net income of nearly fourteen percent.
Lawrence Calarco, Chairman of CPSM, Inc., commented, "Our first quarter widely exceeded expectations as we continue to grow organically. This is a validation of our dedication to customer satisfaction and product excellence. Our staff and business model continue to produce positive results. We have focused on delivering a superior level of service and quality product that have genuinely benefited our customers over the past 40 years. This strategy has brought CPSM higher customer retention rates and referrals. We will stay the course on customer service as we remain vigilant to other avenues of growth."
Commenting on the plastering side of the business, Mr. Calarco added, "Our decision to grow the plastering side organically is on track. We expect to take delivery of our new, state of the art pump truck later this month while we build our book of business and seek to hire qualified leaders from within the industry."
CPSM, Inc. is a publicly held company serving the rapidly expanding pool and 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.