SOURCE: CHDT Corporation

November 14, 2007 10:43 ET

CHDT Corp. Reports Q3 FY2007 Financial Results

Management to Host Conference Call and Web Cast to Discuss Results and Developments at 11:00 AM EST, Monday, November 19th, 2007

DEERFIELD, FL--(Marketwire - November 14, 2007) - CHDT Corp., a Florida corporation (OTCBB: CHDO) (CHDT), today reported that CHDT has filed Form 10Q-SB Report for the third quarter of FY2007 and that CHDT will host a call to discuss the Q3 results and current developments on Monday, November 19th at 11:00 AM Eastern Time.

For the third quarter ended September 30, 2007, gross revenues increased 103% to $814,687 as compared to $400,586 for the corresponding third quarter of FY2006, while revenues for the first nine months of FY2007 increased to $1,415,165 as compared to $820,407 for the first nine months of FY2006. CHDT experienced a net loss of $267,764 for Q3 of FY2007 as compared to a net gain of $72,588 for Q3 of FY2006, mostly due to the management buildup over the last six months.

Total Assets increased 25% from $3,275,034 in 2006 to $4,032,804 due to increases in cash, inventories, accounts receivables, and fixed assets. Margins have increased 20% versus 2006 due to the accelerated growth of the book light division, which is Capstone's highest margin product division.

Liabilities increased 20% in 2007 from $2,364,925 in 2006 to $2,849,858 in Q3 2007.

The foregoing summary is qualified in its entirety by reference to the financial summary below and the Form 10QSB for the third quarter of FY2007.

"I am pleased with our quarter by quarter revenue comparisons and believe the investments we made in management are being reflected in our rapid revenue growth," said Chairman, Howard Ullman.

Your Event Information:
Event Date: 11/19/2007
Event Time: 11:00 AM Eastern
Event Title: 2007 Third Quarter Conference Call
URL for posting event to your website:
http://www.vcall.com/IC/CEPage.asp?ID=123276
Webcast Replay Available Until: 11/19/2008

Teleconference Information:
Live Participant Dial In (Toll Free): 877-407-8033
Live Participant Dial In (International): 201-689-8565
Replay Number (Toll Free): 1-877-660-6853 Replay Number (International):
1-201-612-7415
Replay Passcodes (both required for playback):
Account #: 286
Conference ID #: 262795
Teleconference Replay Available Until:11/26/2007 11:59 PM

A Web Cast replay of the call will be archived and available on Vcall.com as well as the Company's website www.chdtcorp.com. STP® is a trademark of Clorox Corporation.

Income and Balance Sheet follows:


                    CHDT CORPORATION AND SUBSIDIARIES
                (Formerly China Direct Trading Corporation)
                        CONSOLIDATED BALANCE SHEETS



                                               (Unaudited)
                                              September 30,  December 31,
                                                  2007           2006
                                              -------------  -------------
Assets:

Current assets:
   Cash                                       $     236,504  $     198,084
   Accounts receivable - net                        690,631        560,475
   Inventory                                        433,450         69,895
   Deposit on inventory                                   -         19,569
   Notes receivable from former subsidiary          225,944        202,150
   Prepaid expense                                   27,794         16,162
                                              -------------  -------------

     Total Current Assets                         1,614,323      1,066,335
                                              -------------  -------------

Fixed assets:
   Computer equipment/software                       39,878          5,422
   Communications equipment                           2,014          2,014
   Tools - STP                                      170,809              -
   Machinery and equipment                          122,415         98,514
   Furniture and fixtures                             5,665          4,965
   Less: Accumulated Depreciation                  (101,893)       (80,571)
                                              -------------  -------------

     Total Fixed Assets                             238,888         30,344
                                              -------------  -------------

Other non-current assets:
   Note receivable from former subsidiary -
    long term                                       225,560        225,560
   Goodwill                                       1,936,020      1,936,020
   Deposits                                          18,013         16,775
                                              -------------  -------------

      Total other non-current assets              2,179,593      2,178,355
                                              -------------  -------------

         Total assets                         $   4,032,804  $   3,275,034
                                              =============  =============


                    CHDT CORPORATION AND SUBSIDIARIES
                (Formerly China Direct Trading Corporation)
                        CONSOLIDATED BALANCE SHEETS
                                (Continued)



                                               (Unaudited)
                                              September 30,  December 31,
                                                  2007           2006
                                              -------------  -------------
Liabilities and Stockholders' Deficit:

Current Liabilities:
   Accounts payable and accrued expenses      $     693,008  $     416,539
   Customer deposits                                 12,530              -
   Due to related parties                           300,000        400,000
   Notes and loans payable to related parties
    - current maturities                            519,320        726,759
                                              -------------  -------------
         Total Current Liabilities                1,524,858      1,543,298
                                              -------------  -------------

Long-Term Liabilities:
   Notes and loans payable to related parties     1,325,000        767,589
   Investor loans payable                                 -         54,038
                                              -------------  -------------
         Total Long-Term Liabilities              1,325,000        821,627
                                              -------------  -------------

         Total Liabilities                        2,849,858      2,364,925
                                              -------------  -------------

Stockholders' Deficit:
   Preferred Stock, Series A, par value $.001
    per share Authorized 100,000,000 shares,
    Issued 5,899 shares at September 30,
    2007 and 607,000 shares at December
    31, 2006                                              6            607
   Preferred Stock, Series B, par value $.10
    per share Authorized 100,000,000 shares,
    Issued 942,030 shares at September 30,
    2007 and 1,193,769 shares at December
    31, 2006                                         94,203        119,377
   Common Stock, par value $.0001 per share
    Authorized 600,000,000 shares,
    Issued 587,067,705 shares at September
    30, 2007 and 536,406,750 shares at
    December 31, 2006                                58,708         53,642
   Related party receivable                               -     (1,775,864)
   Additional paid-in capital                     3,476,155      4,166,747
   Accumulated deficit                           (2,446,126)    (1,654,400)
                                              -------------  -------------

     Total Stockholders' Deficit                  1,182,946        910,109
                                              -------------  -------------

     Total Liabilities and Stockholders'
      Deficit                                 $   4,032,804  $   3,275,034
                                              =============  =============



                    CHDT CORPORATION AND SUBSIDIARIES
                (Formerly China Direct Trading Corporation)
                  CONSOLIDATED STATEMENTS OF OPERATIONS

                              (Unaudited)               (Unaudited)
                          For the Three Months      For the Nine Months
                           Ended September 30,       Ended September 30,
                            2007         2006         2007         2006
                        -----------  -----------  -----------  -----------
Revenues                $   814,687  $   400,586  $ 1,415,165  $   820,407
Cost of Sales              (456,918)    (268,140)    (803,777)    (534,004)
                        -----------  -----------  -----------  -----------
    Gross Profit            357,769      132,446      611,388      286,403
                        -----------  -----------  -----------  -----------

Operating Expenses:
  Sales and marketing        10,629       22,523       33,775       63,606
  Compensation              409,435       56,442      679,994      178,400
  Professional fees          53,426      112,363      162,619      131,872
  Consulting                 12,700            -       87,700            -
  Royalties                  30,119            -       55,119            -
  Other General and
   administrative           157,314       80,450      397,712      136,467
                        -----------  -----------  -----------  -----------
    Total Operating
     Expenses               673,623      271,778    1,416,919      510,345
                        -----------  -----------  -----------  -----------

Net Operating Income
 (Loss)                    (315,854)    (139,332)    (805,531)    (223,942)
                        -----------  -----------  -----------  -----------

Other Income (Expense):
  Debt forgiveness           79,000            -       79,000            -

  Miscellaneous income            -            -          750            -
  Interest income            10,554          340       27,744          340
  Interest expense          (41,464)        (647)     (93,689)        (715)
                        -----------  -----------  -----------  -----------
    Total Other Income
     (Expense)               48,090         (307)      13,805         (375)
                        -----------  -----------  -----------  -----------

Net Income (Loss) from
 continuing operations     (267,764)    (139,639)    (791,726)    (224,317)
Discontinued Operations
   Income (Loss) from
    discontinued
    operations                    -      212,227            -      714,508
                        -----------  -----------  -----------  -----------

Net Income (Loss)       $  (267,764) $    72,588  $  (791,726) $   490,191
                        ===========  ===========  ===========  ===========



                    CHDT CORPORATION AND SUBSIDIARIES
                (Formerly China Direct Trading Corporation)
                  CONSOLIDATED STATEMENTS OF OPERATIONS
                                (continued)




                                  (Unaudited)             (Unaudited)
                             For the Three Months     For the Nine Months
                              Ended September 30,     Ended September 30,
                               2007        2006        2007        2006
                            ----------- ----------- ----------- -----------
Weighted Average
Shares Outstanding          569,920,650 549,878,217 558,422,786 545,462,954
                            =========== =========== =========== ===========

Income (Loss) per Common
 Share
   Continuing operations    $         - $         - $         - $         -
   Discontinued operations            -           -           -           -
                            ----------- ----------- ----------- -----------
   Net Income (Loss)        $         - $         - $         - $         -
                            =========== =========== =========== ===========



                   CHDT CORPORATION AND SUBSIDIARIES
                (Formerly China Direct Trading Corporation)
                  CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                        (Unaudited)
                                                    For the Nine Months
                                                    Ended September 30,
                                                    2007          2006
                                                ------------  ------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
Continuing operations:
   Net Income (Loss)                            $   (791,726) $    490,191
Adjustments necessary to reconcile net loss
 to net cash used in operating activities:
     Income from discontinued operations                   -      (714,508)
     Stock issued for accrued expenses               159,255             -
      Stock issued for expenses                      101,100        96,611
      Compensation expense from stock options        153,208             -
      Depreciation                                    21,323         2,119
     (Increase) decrease in accounts receivable     (130,157)     (150,218)
     (Increase) decrease in inventory               (343,987)      101,509
     (Increase) decrease in prepaids                 (11,632)      (10,329)
     (Increase) decrease in deposits                  (1,238)            -
     (Increase) decrease in interest receivable      (23,794)            -
      Increase (decrease) in accounts payable &
       accrued expenses                              276,468         3,604
      Increase (decrease) in due to/from
       related parties                              (100,000)            -
      Increase (decrease) in accrued interest
       on notes payable                              (17,589)            -
      Increase (decrease) in deposits from
       customers                                      12,530       (24,891)
                                                ------------  ------------
  Net Cash Used in continuing operations            (696,239)     (205,912)
  Net Cash Used in discontinued operations                 -      (452,412)
                                                ------------  ------------
  Net Cash Used in operating activities             (696,239)     (658,324)
                                                ------------  ------------


CASH FLOWS FROM INVESTING
ACTIVITIES:
Investment in subsidiary                                   -      (750,000)
Purchase of fixed assets                            (229,866)       (1,632)
                                                ------------  ------------
Net cash provided by (used in) continuing
 activities                                         (229,866)     (751,632)
Net cash provided by (used in) discontinued
 activities                                                -    (1,012,949)
                                                ------------  ------------
Net cash provided by (used in) investing
 activities                                         (229,866)   (1,764,581)
                                                ------------  ------------



                     CHDT CORPORATION AND SUBSIDIARIES
                 (Formerly China Direct Trading Corporation)
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (Continued)


                                                        (Unaudited)
                                                    For the Nine Months
                                                    Ended September 30,
                                                      2007         2006
                                                  -----------  -----------
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from sale of stock                           336,000      710,150
Payments on notes payable to related parties         (288,975)    (455,000)
Proceeds from shareholder loans                             -    1,330,515
Cash acquired in acquisition                                -       33,677
Proceeds from loans                                   917,500       50,000
                                                  -----------  -----------
Net cash provided by (used in) continuing
 activities                                           964,525    1,669,342
Net cash provided by (used in) discontinued
 activities                                                 -      855,731
                                                  -----------  -----------
                                                      964,525    2,525,073
                                                  -----------  -----------

Net (Decrease) Increase in cash and cash
 equivalents                                           38,420      102,168
Cash and Cash Equivalents at beginning of period      198,084        9,090
                                                  -----------  -----------
Cash and Cash Equivalents at end of period        $   236,504  $   111,258
                                                  ===========  ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:
Cash paid during the period for:
  Interest                                        $    52,225  $        715
  Franchise and income taxes                      $         -  $          -

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:

On February 21, 2007, the Company issued 468,750 shares of common stock for notes payable of $15,000 and accrued interest of $1,761. On March 16, 2007, the Company issued 1,835,050 shares of common stock for investor loans payable of $50,000 and accrued interest of $5,052. On August 21, 2007, the Company issued 2,804,947 shares of common stock for notes payable of $250,000 and accrued interest of $2,445.

About CHDT Corp.: CHDT Corp. (http://www.chdtcorp.com) is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. (www.capstoneindustries.com) is engaged in product development, manufacturing, distribution, logistics and product placement to importers, theme parks, and mass retail of souvenirs, gifts, and consumer products; and Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. 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 information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. 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 statements. The forward-looking statements may include statements regarding product development, new product distribution efforts, anticipated success or basis for optimism about the potential of new business expansion efforts, product potential or financial performance. The fact that CHDT seeks or consummates investments in or acquisitions of other companies or undertakes new business development efforts does not mean that such transactions or efforts will favorably affect CHDT's business or financial conditions -- in general or as forecasted. New orders for products do not necessarily mean that additional orders will follow or that such orders will significantly or favorably affect CHDT financial results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. 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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