SOURCE: CHDT Corporation

December 03, 2007 09:57 ET

CHDT Corp. Focusing on Consumer Product Business Line

Subsidiary Sells Operating Assets

DEERFIELD BEACH, FL--(Marketwire - December 3, 2007) - CHDT Corp., a Florida corporation (OTCBB: CHDO)(CHDT), announced today that its Souvenir Direct, Inc. (SDI) and Capstone Industries, Inc. (CAP) subsidiaries had entered into a Purchase and Sale Agreement, dated December 1, 2007, to sell the operating assets of SDI to Magnet World, Inc., a Florida corporation, for $200,000 cash. These assets consisted of the promotional, gift and souvenir product business line being operated by CAP as a secondary business line to CAP's consumer product lines, which include the STP-branded power tools and automotive accessories, Capstone lighting, and Simply Comfort® products.

Gerry McClinton, Chief Operating Officer of CHDT, said, "CHDT believes that the consumer product lines of Capstone Industries are the key to achieving future and sustained profitability and that we should not divert resources to any secondary business line that does not consistently contribute to the cash flow and net income." Reid Goldstein, President of Capstone Industries, added, "The Souvenir Direct business line was never a consistently profitable business and was completely complementary to the retail and wholesale distribution channels for our consumer product lines. Moving ahead, we will focus all our resources and efforts on the business with the most potential to enhance shareholder value and achieve and sustain profitability. We believe the collective experience management possesses marketing consumer products will best allow us to leverage this potential."

The cash proceeds from the sale of the operating assets will be used to fund CAP's consumer product line marketing and sales efforts, especially the STP-branded product line.

STP® is a trademark of Clorox Corp. and is licensed to CAP for the STP-branded power tool product line.

ABOUT CHDT: CHDT Corp. is a public holding company that engages through its CAP subsidiary in the sale of consumer products, specifically STP-branded power tools and portable book lights, through retailers and wholesalers nationwide. See for more information about the company and and for information on our products. References to websites or URLs' in this press release do not constitute an incorporation of such websites' or URLs' contents in this press release.

FORWARD LOOKING STATEMENTS: Statements in this press release that relate to future events or projections or expectations of CHDT and its subsidiaries are or contain "forward-looking statements" under and protected by the Private Securities Litigation Reform Act of 1995, as amended. Actual business or financial results may differ materially from such statements because of a number of risks and uncertainties, including risks that are beyond the control of CHDT and its subsidiaries and uncertainties beyond the ability of CHDT or its subsidiaries to predict. CHDT is a "penny stock" company. Additional risk factors are set forth in CHDT's Form 10-KSB for the fiscal year ending December 31, 2006 and other current SEC filings and these risk factors should be carefully reviewed and considered.

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