SOURCE: CHDT Corporation

August 30, 2007 07:15 ET

Capstone Industries Begins Working With Asquith Corporation

DEERFIELD BEECH, FL--(Marketwire - August 30, 2007) - CHDT Corporation, a Florida corporation (OTCBB: CHDO), announced today that its wholly owned subsidiary Capstone Industries is working with Asquith Corporation.

Asquith Corporation, in business for over 50 years, is one of the top Manufacturer's Representative Agencies covering New England (and New York and Northern New Jersey for select accounts). Asquith covers the drug, grocery, hardware, specialty, club channels, serving some of the country's top accounts... such as BJ's, CVS, TJX companies, Bed Bath & Beyond, Linen-n-Things. Some of the Manufacturers Asquith represents are: ReSource, T-Fal/WearEver, Snapware, Ligna Furnature, Columbia Frame and Kid Station.

"Over the last 50 years, Asquith Corporation has represented many leading manufacturers in the house wares, seasonal and home improvement categories. We are very selective when taking on new companies to represent, no matter how many come our way. After seeing the current line of products, offered by Capstone, as well as the items that are coming down the road, we knew that Capstone was a manufacturer we wanted to represent. In the short time that we have been part of the Capstone Industries team, we have been impressed by the quality and innovation of the products as well as the support that we have received from everyone. Based on what we have seen thus far, the decision to partner up with this company has been a good one," said Scott Shrier, Principal of Asquith Corp.

The relationship with Asquith Corp. is part of Capstone Industries' efforts to establish distribution channels nationwide for the STP-branded products rolling out in September, as well as the company's Pathway booklights and Simply Comfort lines.

"We are excited to introduce our 3rd Sales Representative organization. Asquith will be an integral part of our sales and marketing team, for STP Tools, Simply Comfort, and Pathway booklights. We look forward to working with Scott and his staff along with all of our rep organizations nationwide," said Reid Goldstein, President of Capstone Industries.

STP and Armor All are trademarks of Clorox Corp.

About China Direct: China Direct ( 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. New orders for 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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