SOURCE: CHDT Corporation

CHDT Corporation

September 07, 2011 10:26 ET

CHDT Corp -- eReader-Lite Beats National Mass Retailer's Forecast

DEERFIELD BEACH, FL--(Marketwire - Sep 7, 2011) - Capstone Industries, a South Florida-based subsidiary of CHDT Corp. (OTCBB: CHDO) announced its eReader-Lite is on track to substantially surpass the account's forecasts. The adjustable LED light for e-readers and laptop computers is part of the Pathway Lights® program in the Book Section of a National Mass Retailer, which reported the item's success after only 2 weeks since hitting the shelves.

The entire collection features new packaging and updated merchandising strategies, which have contributed to the early achievements. Also, the continually increasing sales of e-readers that utilize e-ink technology, justify the great results experienced with the eReader-Lite, as those reading devices do not provide a backlit display. This makes them hard to read in the dark. With eReader-Lite, e-readers receive a cool and long lasting luminosity from 3 LEDs, preventing eye strain.

"The rapid acceptance we have experienced with our eReader-Lite confirms a real demand for the product, which translates into revenue growth within the category," said Reid Goldstein, President of Capstone Industries. "By allowing our partner retailers to efficiently meet their customer's needs, we expect a product sell-through which should generate re-orders and secures a successful relationship with our accounts," he concluded.

"As we are just a couple weeks away from closing out Q3, we are very confident on posting record revenue results between $4,100,000 - $4,600,000 which I previously projected during our Q2 conference call," added Gerry McClinton, CFO.

"For us to achieve these results during such challenging economic times is a significant endorsement by our retail partners and consumers alike," said CEO Stewart Wallach. "The first critical step is having the product on shelf but the consumer votes their approval at check-out. Learning that our eReader-Lites are doing well is the real validation," said Stewart Wallach. "Having a record year is a foregone conclusion at this point. We have remained totally focused on running and building our business as opposed to focusing on building stock values like so many small cap companies seem to do. The reality is, audited performance should speak for itself and the stock value should follow accordingly," Mr. Wallach concluded.

About Capstone Industries, Inc.

For more than a decade, the South Florida-based Capstone Industries has specialized in the design, production and distribution of consumer products to retailers and wholesalers throughout the USA. Capstone Industries is committed to the development and distribution of unique and inventive products to a variety of channels including bookstore chains, convenience stores, drug & grocery, electronics, hardware, home improvement, internet, mail order, mass market, office supply, specialty, and warehouse clubs.

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 wholesalers throughout North America. See www.chdtcorp.com for more information about the Company. 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. 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.