SOURCE: CHDT Corporation

October 18, 2007 08:30 ET

CHDT Successfully Concludes Private Placment of Stock

CEO Invests $100,000 in CHDT PPM

DEERFIELD BEACH, FL--(Marketwire - October 18, 2007) - CHDT Corp. (OTCBB: CHDO) announced today that the Company had concluded its Rule 506 private placement of Common Stock on October 19, 2007. The Company raised a total of $541,000 gross offering proceeds under the private placement. The net proceeds of approximately $528,000 will be primarily funding the upcoming launch of STP-branded, new product development. Stewart Wallach, Company's Chief Executive Officer, invested $100,000 in the private placement offering.

"The company continues to invest in STP-branded products and R & D for future product launches. It is imperative we have funding in place in order to keep the new product pipeline flowing. I am pleased that I could help support this endeavor and look forward to using these funds to develop new innovative products," said Stewart Wallach, CEO of CHDT Corp.

The Company also recently received loans totaling $300,000 in the aggregate at 8% from CEO Stewart Wallach and Chairman Howard Ullman. The loan proceeds will be used for current shipments in September and October 2007.

STP is a trademark of Clorox Corp.

About CHDT Corp.: CHDT Corp. ( is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. ( 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. The launch of new products or orders for new products does 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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