CHDT Corporation Confirms $10M Gross Revenue Goal Achieved
December 07 2011 - 9:30AM
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, confirmed today that the Company has
shipped more than $10M (to date), which was previously projected at
the Company’s Q3 conference call, held October 26, 2011. “As the
year tapers down, Capstone still has additional orders to ship in
December. The Company’s Q4 and year-end results will not be
formally confirmed until the year-end audit is conducted, however,
we have met our revenue goals and equally as important, we are a
profitable Company,” said CFO, Gerry McClinton.
“These milestones are a validation of management’s ability to
execute the Company’s business plan. We have remained tenacious in
our pursuit of solid revenue and income performance,” stated
Stewart Wallach, CEO of CHDT Corporation. “As planned, we are now
intensifying our review of Investor Relations firms, as the
fundamentals of our business and our future plans for growth
deserve to be communicated more broadly and effectively in 2012,”
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.