CHDT Corporation: Company Remains Under the Radar Following 3 Record Quarters
October 12 2011 - 9:00AM
Business Wire
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 and Capstone Industries, a wholly
owned subsidiary of CHDT Corp., confirms the Company’s reorder
activity has been strong through Q3 and the resulting order backlog
is currently ahead of Q4, 2010.
While CHDT Corporation’s Q3 results will not be formally
confirmed until the Q3 audit is completed, the Company expects
gross revenue of approximately $4,786,534 with net revenue of
approximately $4,500,542 in the quarter. This brings our
year-to-date gross revenue to approximately $8,492,901 and net
revenue to approximately $7,966,239. More importantly, the Company
expects record net income through Q3 to be approximately $400,000
as compared to a same period net loss of $695,862 in 2010. This
translates to an expected improvement of more than $1,000,000 in
the Company’s year-to-date performance. “It is hard to explain the
sense of pride our team is feeling as we prepare to deliver these
great results to our shareholders,” said Gerry McClinton, CFO. “We
remained focused on our core lighting products and the product
innovations have been recognized by the major retailers across the
country,” he added.
“These results are really not surprising when one considers the
great products being provided at such affordable pricing levels,”
said Stewart Wallach, CEO of CHDT Corp. “What is surprising however
is that our stock value has yet to reflect these achievements. I
receive numerous shareholder calls daily, inquiring why the stock
is so undervalued. We obviously remain under the radar, but we
firmly believe continuing to post strong results will cause trading
volumes to rise and stock prices to more accurately reflect the
Company’s results,” he added.
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.