Capstone Companies signs MOU to initiate strategic collaboration

Capstone Companies (CAPC) announced that Capstone and Coppermine Ventures entered into a memorandum of understanding stating their intent to produce a plan for development of an online customer registration and management application by Capstone for Coppermine organization’s 20 Facilities. The development of the application is subject to acceptance of the plan, signing of a definitive application development agreement with Capstone and funding of development fees and costs by Coppermine. The companies expect the completion of the Plan by May 31, and hope to implement a CRM Application in 2025. Coppermine has provided working capital funding for Capstone’s basic corporate maintenance overhead through the third fiscal quarter of 2025 and Coppermine’s founder, owner and manager is Alexander Jacobs, who is also Capstone’s CEO and a director.