Press ReleaseSource: CHDT Corp

CHDT Corp. 2008 Sales Plan Is on Track and New Products Have Strong Appeal
Tuesday October 7, 2008 12:09 pm ET

DEERFIELD BEACH, FL--(MARKET WIRE)--Oct 7, 2008 -- CHDT Corp. (OTC BB:CHDO.OB - News), a management company engaged in designing and manufacturing consumer products for the North American retail markets, announced today that the company is on target to reach its projected gross sales goals for Fiscal Year 2008 (FY2008). Final financial results for FY2008, including net income or net loss for FY2008, have not been projected or ascertained and are subject to a number of factors and adjustments.

Stewart Wallach, CHDT CEO, declared, "CHDT is optimistic about meeting its 2008 annual gross sales revenue projections. The slowed consumer spending at the retail level from general economic conditions has impacted new CHDT program implementations on one hand, but has not dampened, in our opinion, opportunities for our company's long term product development plans. Based on feedback from retailers, we believe our program's STP® tools, Capstone Lighting -- now including the new Eco I Lite program, Black Box Innovations and its Personal Pocket Safe -- meet the increasingly important 'innovation factor' that retailers seek to generate incremental sales growth in these difficult times. Our new products represent 'new' business opportunities to retailers and we expect to demonstrate the strength of our brands at the retail level as product implementations unfold. We spent the past 14 months operating under a seasoned management team that has experienced slow retail trends in the past. We are not changing our course and, as retail buyers are free to roll out new product campaigns in the future, we are poised to deliver."

Unlike many consumer product companies that are not as diversified, CHDT believes that it has products to serve all channels in its product categories, including mass merchants, warehouse club operations, book channels, drug and discount, grocery, hardware, and automotive. The company has successfully launched three new and diversified programs and recently announced product placement in the warehouse club segment with two of those three. The latest introduction marks our entry into the electronics area. The brand is tâke products, which tightly integrate software applications and world-class security within a smart drive. All tâke products will be marketed through Black Box Innovations as a division of Capstone Industries. The first product, Personal Pocket Safe, was recently launched with extensive media coverage including but not limited to a feature article in the New York Times as well as being selected for the O Magazine list, a favorites list of talk show celebrity Oprah Winfrey, and can currently be purchased online at www.takeanyware.com. Management is currently meeting with retailers to discuss retail placement of the Personal Pocket Safe and intends to expand the tâke product line in the Q4 2008 and Q1 2009. O is a trademark of Harpo Productions, Inc.

About CHDT Corp.: CHDT Corp. (http://www.chdtcorp.com) is a public holding company that engages, through its wholly owned subsidiaries, in the development, manufacturing, and distribution of consumer products to retailers and wholesalers throughout the United States. See http://www.chdtcorp.com for more information about the company and www.capstoneindustries.com; www.takeanyware.com and www.stptools.com for information on our current product offerings. Reference of URL's in this press release does not incorporate said URL's or any of their web pages, links and contents in this press release.

FORWARD-LOOKING STATEMENTS: Disclaimer: Investors should be aware that CHDT has not yet finalized its results for the 3rd Quarter of 2008 or for FY2008 and that CHDT's "preliminary" estimates of net sales and earnings for FY 2008 reflect management's estimates based upon the information available at the time made. These estimates could differ materially from CHDT's actual results if the information on which the estimates were based ultimately proves to be incorrect or incomplete. Statements used in this press release that relate to future plans, events, financial results, performance or prospects, including statements relating to estimated sales and earnings for 2008 are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995, as amended. An increase in projected gross sales does not translate into profitability. These estimates and statements are based upon current information and expectations. Accurately estimating CHDT's future financial performance is based upon various unknowns including consumer acceptance and demand for CHDT's products as well as future consumer discretionary purchasing activity for products like those sold by CHDT, which can be significantly and adversely affected by unfavorable economic or market conditions. Actual results may differ materially from those estimated or anticipated as a result of these unknowns or other risks and uncertainties, including delays, difficulties or increased costs in the supply of components needed to manufacture CHDT's products, in manufacturing CHDT's products, or in connection with the implementation of any CHDT gross margin initiatives or the implementation of future initiatives; financial conditions in China (where CHDT products are made); U.S.-Chinese relations in trade and politics; product seasonality; any actions taken by the retailers and distributors of CHDT products that could have an adverse impact upon demand or supply of CHDT products; a decrease in demand for products of CHDT; and the effect of terrorist activity, financial panics, lack of adequate consumer financing, failure of U.S. Government bailout of the U.S. financial industry, armed conflict, natural disasters or pandemic diseases on the economy generally, on the level of demand for CHDT's products or on CHDT's ability to manage its supply and delivery logistics in such an environment. For additional information concerning these and other risks and uncertainties that could affect these statements and CHDT's business, see Part I of CHDT's Annual Report on Form 10-K for the year ended December 31, 2007, as well as other risks and uncertainties detailed from time to time in the Company's reports on Forms 10-Q and 8-K subsequently filed from time to time with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, especially projected gross sales, which speak only as of the date hereof and in light of the possibility of a net loss for FY2008. CHDT undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


Contact:
     CONTACT:
     Jane Klein
     Email Contact
     954-252-3440
      

Source: CHDT Corp


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