SOURCE: CHDT Corporation

August 15, 2007 13:07 ET

CHDT Corp. Reports Q2 2007 Revenue Increases 55% Over Q2 2006 Revenue

Management to Host Conference Call and Web Cast to Discuss Results and Developments at 11:00 AM EDT, Wednesday, August 22, 2007

DEERFIELD BEACH, FL--(Marketwire - August 15, 2007) - CHDT Corp. (OTCBB: CHDO) (CHDT), a Florida corporation, today reported that CHDT has filed Form 10Q Report for the second quarter of FY2007 and CHDT will host a call to discuss the Q2 results and current developments on Wednesday, August 22nd at 11:00 AM Eastern Time.

For the second quarter ended June 30, 2007, gross revenues increased 55% to $389,436 as compared to $250,149 for the corresponding second quarter of FY2006, while revenues for the first six months of FY2007 increased to $600,478 as compared to $419,821 for the first six months of FY2006. CHDT experienced a net loss of $260,596 for Q2 of FY2007 as compared to a net gain of $9,349 for Q2 of FY2006.

"We are pleased with our quarter by quarter revenue comparisons and are excited with the potential of new consumer product offerings that will be introduced over the next six months," stated Howard Ullman, Chairman of CHDT Corp. "Expenses have increased over the near term as we built the sales and marketing infrastructure for our new, upcoming STP-branded product lines and these expenses account for a most of the net loss for Q2 FY2007. This investment will hopefully produce acceptable results in the future as we start to bring the STP-branded tool offerings to market in the next six months."

WEB CAST: To participate in the conference call, callers dial-in to: (712) 432-9998 and use access code 750082#. To access the conference call via the internet, please register at http://www.vcall.com immediately prior to the call.

A Web Cast replay of the call will be archived and available on Vcall.com as well as the Company's website www.chdtcorp.com. STP is a trademark of Clorox Corporation.

Income and Balance Sheet follows:


                    CHDT CORPORATION AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF OPERATIONS



                                  (Unaudited)             (Unaudited)
                             For the Three Months     For the Six Months
                                Ended June 30,          Ended June 30,
                               2007        2006        2007        2006
                            ----------  ----------  ----------  ----------
Revenues                    $  389,436  $  250,149  $  600,478  $  419,821
Cost of Sales                 (208,844)   (121,400)   (346,859)   (265,864)
                            ----------  ----------  ----------  ----------
        Gross Profit           180,592     128,749     253,619     153,957
                            ----------  ----------  ----------  ----------

Operating Expenses:
  Sales and marketing            9,458      27,500      23,146      41,083
  Compensation                 174,944      64,418     270,559     121,958
  Professional fees             61,986       1,288     109,193      19,509
  Consulting                     8,125           -      75,000           -
  Royalties                     25,000           -      25,000           -
  Other General and
   administrative              161,675      26,194     240,398      56,017
                            ----------  ----------  ----------  ----------
       Total Operating
        Expenses               441,188     119,400     743,296     238,567
                            ----------  ----------  ----------  ----------

Net Operating Income (Loss)   (260,596)      9,349    (489,677)     84,610
                            ----------  ----------  ----------  ----------

Other Income (Expense):
  Miscellaneous income               -           -         750           -
  Interest income               13,923           -      17,190           -
  Interest expense             (24,721)          -     (52,225)        (68)
                            ----------  ----------  ----------  ----------
       Total Other Income
        (Expense)              (10,798)          -     (34,285)        (68)
                            ----------  ----------  ----------  ----------

Net Income (Loss) from
 continuing operations        (271,394)      9,349    (523,962)    (84,678)

Discontinued Operations
   Income (Loss) from
    discontinued operations          -     365,536           -     502,281
                            ----------  ----------  ----------  ----------

Net Income (Loss)           $ (271,394) $  374,885  $ (523,962) $  417,603
                            ==========  ==========  ==========  ==========






                                  (Unaudited)             (Unaudited)
                             For the Three Months     For the Six Months
                                Ended June 30,          Ended June 30,
                               2007        2006        2007        2006
                            ----------- ----------- ----------- -----------
Weighted Average Shares
 Outstanding                561,343,299 543,122,028 552,718,495 543,122,028
                            =========== =========== =========== ===========

Income (Loss) per Common
 Share
   Continuing operations    $         - $         - $         - $         -
   Discontinued operations            -           -           -           -
                            ----------- ----------- ----------- -----------
   Net Income (Loss)        $         - $         - $         - $         -
                            =========== =========== =========== ===========







                    CHDT CORPORATION AND SUBSIDIARIES
                        CONSOLIDATED BALANCE SHEETS



                                                (Unaudited)
                                                  June 30,    December 31,
                                                    2007          2006
                                                ------------  ------------
Assets:

Current assets:
   Cash                                         $    384,623  $    198,084
   Accounts receivable - net                         239,887       560,475
   Inventory                                         115,880        69,895
   Deposit on inventory                                    -        19,569
   Notes receivable from former subsidiary           217,654       202,150
   Prepaid expense                                    24,794        16,162
                                                ------------  ------------

     Total Current Assets                            982,838     1,066,335
                                                ------------  ------------

Fixed assets:
   Computer equipment/software                        20,099         5,422
   Communications equipment                            2,014         2,014
   Tools - STP                                        18,040             -
   Machinery and equipment                           119,864        98,514
   Furniture and fixtures                              5,665         4,965
   Less: Accumulated Depreciation                    (93,860)      (80,571)
                                                ------------  ------------

     Total Fixed Assets                               71,822        30,344
                                                ------------  ------------

Other non-current assets:
   Note receivable from former subsidiary -
    long term                                        225,560       225,560
   Goodwill                                        1,936,020     1,936,020
   Deposits                                           19,848        16,775
                                                ------------  ------------

      Total other non-current assets               2,181,428     2,178,355
                                                ------------  ------------

         Total assets                           $  3,236,088  $  3,275,034
                                                ============  ============







                    CHDT CORPORATION AND SUBSIDIARIES
                        CONSOLIDATED BALANCE SHEETS
                                (Continued)



                                                (Unaudited)
                                                  June 30,    December 31,
                                                    2007          2006
                                                ------------  ------------
Liabilities and Stockholders’ Deficit:

Current Liabilities:
   Accounts payable and accrued expenses        $    378,833  $    416,539
   Customer deposits                                  12,342             -
   Due to related parties                            300,000       400,000
   Notes and loans payable to related parties -
    current maturities                               551,997       726,759
                                                ------------  ------------
         Total Current Liabilities                 1,243,172     1,543,298
                                                ------------  ------------

Long-Term Liabilities:
   Notes and loans payable to related parties      1,339,958       767,589
   Investor loans payable                                  -        54,038
                                                ------------  ------------
         Total Long-Term Liabilities               1,339,958       821,627
                                                ------------  ------------

         Total Liabilities                         2,583,130     2,364,925
                                                ------------  ------------

Stockholders' Deficit:
   Preferred Stock, Series A, par value $.001
    per share
      Authorized 100,000,000 shares,
      Issued 5,899 shares at June 30, 2007
      and 607,000 shares at December 31, 2006              6           607
   Preferred Stock, Series B, par value $.10
    per share
     Authorized 100,000,000 shares, Issued
      942,030 shares at June 30, 2007 and
      1,193,769 shares at December 31, 2006           94,203       119,377

   Common Stock, par value $.0001 per share
      Authorized 600,000,000 shares, Issued
       561,732,869 shares at June 30, 2007
       and 536,406,750 shares at December 31,
       2006                                           56,175        53,642
   Related party receivable                                -    (1,775,864)
   Additional paid-in capital                      2,680,936     4,166,747
   Accumulated deficit                            (2,178,362)   (1,654,400)
                                                ------------  ------------

     Total Stockholders' Deficit                     652,958       910,109
                                                ------------  ------------

About: CHDT Corporation (formerly "China Direct Trading Corp.") (http://www.CHDTcorp.com) is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. (www.capstoneindustries.com) is engaged in product development, manufacturing, distribution, logistics and product placement to importers, theme parks, and mass retail of souvenirs, gifts, and consumer products. Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials.

FORWARD-LOOKING STATEMENTS: This press release, including the financial information herein, 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. 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. You should consider the risk factors set forth in CHDT's current and future filings with the SEC when reading this Press Release.

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