CHDT Corp. sells $700,000 in Preferred Stock to new equity partner
July 14 2009 - 2:14PM
PR Newswire (US)
DEERFIELD BEACH, FL, July 14 /PRNewswire-FirstCall/ -- CHDT Corp.
(OTCBB:CHDO) On July 9, 2009, CHDT Corporation entered into a Stock
Purchase Agreement with Involve, LLC, a private Florida limited
liability company. The Company privately sold 1,000 restricted
shares of a newly authorized Series C Convertible Preferred Stock,
for an aggregate purchase price of $700,000. "I am very pleased
that Involve LLC decided to invest in our company. We are regularly
approached by investors offering both equity and debt deals to the
company but I believe Involve LLC will provide potential strategic
opportunities to our company as well," said Stewart Wallach, CEO.
"They are strong believers in our management team and acknowledge
the results we have been posting in spite of the difficult economic
conditions," he added. Howard Ullman, Chairman, commented, "I am
excited to see the strides our management team has made over the
past couple years as we remain committed to enhancing shareholder
value. I have confidence in the company's current course." 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, logistics, and
distribution of consumer products to retailers and wholesalers
throughout North America. See http://www.chdtcorp.com/ for more
information about the company and
http://www.capstoneindustries.com/, http://www.takeanyware.com/,
http://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 contents in this press
release. NOTICE: This press release may contain certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in such forward-looking statements, including, but not
limited to, the ability of CHDT Corp. and its subsidiaries to
realize any anticipated or expected business or financial results,
the impact of any investment or relationship on such results, and
such other risks as identified in CHDT Corp.'s Annual Report on
Form 10-K for the fiscal year ended December 31, 2008, most recent
Quarterly Reports on Form 10-Q, which contain and identify
important factors that could cause the actual results to differ
materially from those contained in the forward-looking statements.
CHDT assumes no obligation to update any forward-looking statement
contained in this press release. DATASOURCE: CHDT Corp. CONTACT:
Jill Mohler, , (954) 252-3440
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