SOURCE: CHDT Corporation

October 22, 2007 10:00 ET

CHDT Corp. Eliminates $300,000 Liability

DEERFIELD BEACH, FL--(Marketwire - October 22, 2007) - CHDT Corp., a Florida corporation (OTCBB: CHDO) (CHDT), announced today that it has eliminated a $300,000 liability. Bart Fisher, a former CHDT officer and director, and his spouse, who own approximately 12% of CHDT common stock, have released their $300,000 claim for expenses they paid in 2003. The liability has been carried as an accrued expense on CHDT financial statements.

"The elimination of this $300,000 liability is part of CHDT management's ongoing effort to clean up the CHDT financial statements in anticipation of the upcoming launch of our STP-branded consumer products later this month," said Gerry McClinton, CHDT Chief Operating Officer. "We are committed to establishing CHDT as a well-managed company with a prudent strategic plan backed by adequate financing, capable management and appropriate infrastructure," added Mr. McClinton.

The release of the $300,000 liability is part of a comprehensive settlement of all claims and issues between the Fishers and CHDT. "I am very pleased to see the direction in which the company is headed, and I would like to do my part in helping the company put itself in the best possible financial position for future growth," said Dr. Fisher, who, with his wife Margaret, is the second largest stockholder in the company. "I have tremendous confidence in the new management team at CHDT Corp. and look forward to seeing its new products provide the impetus for great results in the coming months and years," he said.

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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