Dallas, Texas (September 2, 2011) – StockGuru Shines its Spotlight on CHDT Corporation, a Florida corporation (OTCBB: CHDO) (“Company”) with operating subsidiaries focused on designing and manufacturing consumer lighting products for the North American and Latin American retail markets, reports record revenues in August. “We have forecasted a record Q3 on the heels of a record Q2 year-to-date performance. Our record results for August indicate revenues in excess of $2,600,000,” said Gerry McClinton, CFO. “This validates our previous minimum projections of $4,100,000 for Q3,” he added. The Company closed up 6.5% on September 1, 2011, at $0.0081, trading in a fifty-two week range of $0.0145 – 0.006.
The first half of 2011 delivered record revenue of approximately $3,465,700, an increase or 262.7% compared to $955,600 for the first half of 2010 and a first half net income of $14,700 compared to a net loss of approximately $826,000 for the first half of 2010, a net improvement of approximately $840,700 over the same period 2010.
The Company also reported a record order backlog in excess of $5,000,000, moving into the second half of the year. “Capstone Industries has posted strong Q3 revenues through August and we expect to post record year-to-date profits as well,” said Reid Goldstein, President of Capstone. He added, “Numerous programs are pending results and buyers are responding well to our latest line extensions and new programs.”
“I could not be more pleased with the continuing success story that is unfolding for our company this year,” said Stewart Wallach, CEO of CHDT Corp. “Our adherence to basic business fundamentals and our ongoing commitment to developing relevant innovative products are clearly paying off,” he added. “We are also seeing an increased interest from the investment community which should translate to a more realistic valuation of the company’s achievements.”
About CHDT Corporation
CHDT Corporation (www.chdtcorp.com) is a public holding Company that engages, through its wholly owned subsidiaries, in the development, manufacturing, logistics, and distribution of consumer products to retailers and distributors throughout North America and Latin America. See www.chdtcorp.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings. Reference of URLs in this press release does not incorporate said URLs or any of their contents in this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial summary above, contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like “anticipate,” “expect,” “project,” “continue” and similar words. These statements are based on the Company’s and its subsidiaries’ current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. CHDT undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release and risks associated with any investment in CHDT, which is a small business concern and a “penny stock Company” and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the many uncertainties that affect CHDT’s business, particularly those mentioned in the cautionary statements in current and future CHDT’s SEC Filings.
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