Capstone Companies, Inc. Appoints Alexander Jacobs as CEO to Lead Development of New Business Line
Capstone Companies, Inc. (OTCQB: CAPC) (“Capstone” or the “Company”) has announced the appointment of Alexander Jacobs as its new Chief Executive Officer and a member of its Board of Directors. Mr. Jacobs, an accomplished entrepreneur and seasoned operations executive, is tasked with spearheading the development of a new business line and laying the groundwork for revenue-generating operations.
A Vision for Growth
Mr. Jacobs brings a wealth of experience and a proven track record of building and scaling businesses. Sharing his vision for Capstone, Jacobs stated, “I look forward to the challenge of establishing a new business line for Capstone. My passion lies in creating sustainable enterprises that deliver social and health benefits to children, families, and adults through sports, exercise, and community-oriented activities.”
An Entrepreneurial Legacy
Alexander Jacobs is the founder, owner, and senior operations executive of Coppermine Ventures, LLC (“CVen”), along with its affiliated companies (collectively referred to as “Coppermine”). Under his leadership, Coppermine has grown into a successful and profitable business group with 20 facilities in Maryland. The organization provides year-round social, athletic, and fitness programming for children, adults, and families.
Coppermine’s offerings include:
- Youth and adult classes, clinics, and camps.
- Leagues and tournaments.
- Nationally competitive club teams.
- Before and after-school programs.
- A variety of recreational activities in sports such as gymnastics, tennis, swimming, lacrosse, soccer, dance, and more.
Additionally, Coppermine’s affiliated venture, Copper Union, develops facilities featuring pickleball and padel courts paired with clubhouse amenities, including food, beverages, and entertainment. Since its inception in 2011, Coppermine has grown from a startup into a thriving enterprise serving approximately 35,000 families and employing over 700 people.
A graduate of Denison University and a two-time All-American lacrosse defender, Jacobs has demonstrated his ability to transform concepts into successful ventures.
Strategic Endorsement
Stewart Wallach, Chairman of Capstone’s Board of Directors, expressed confidence in Jacobs’ capabilities, stating, “Alex is uniquely qualified to identify, curate, and advance a new business line. His ability to transform ideas into profitable businesses is exceptional. He has become a leader in the market for social, athletic, and fitness programming for people of all ages. Beyond that, Alex has excelled as a strategic planner, entrepreneur, fundraiser, operations executive, and personnel supervisor.”
Financial Support and Transition
In October 2024, CVen provided Capstone with $125,914 in working capital under an unsecured promissory note. Additionally, CVen committed to providing $218,640 in further funding through an October 31, 2024, Management Transition Agreement (MTA). As part of this agreement, $50,018 was disbursed in late November 2024.
The MTA funding arrangement grants CVen the right to nominate individuals for Capstone’s CEO position and two Board seats. These nominations are subject to the Company’s verification of qualifications but do not involve loans or equity considerations. This partnership underscores the shared goal of establishing new revenue-generating operations.
About Capstone Companies, Inc.
Capstone Companies, Inc. is an SEC-reporting entity with its common stock traded on the OTC QB market. Previously focused on LED and Smart Mirror consumer products, the Company ceased these operations in 2023 due to declining sales. In its pursuit of transformation, Capstone is committed to developing a new business line through internal innovation, mergers, acquisitions, or a combination of these strategies.
Currently, the Company has no active revenue-generating operations. However, the appointment of Alexander Jacobs as CEO and the addition of new directors through the MTA mark a pivotal step in the Company’s reinvention. Capstone aims to leverage Jacobs’ expertise to build sustainable business ventures in industries outside its previous focus, driving long-term growth and success.
Moving Forward
The leadership transition at Capstone represents more than a change in management—it is a strategic pivot toward innovation and growth. With Alexander Jacobs at the helm, the Company is poised to redefine its future, emphasizing sustainability, community engagement, and profitability in its new business ventures.
For more information about Capstone Companies, Inc., visit their website or stay tuned for updates on their progress under this renewed vision for growth and success.
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