SOURCE: CHDT Corporation

CHDT Corporation

February 02, 2011 07:00 ET

CHDT Corporation Announces 2010 Preliminary Results

Anticipates Strong Q4 Sales and Significantly Improved Results

Expects 2011 Q1 -- Record Revenue

DEERFIELD BEACH, FL--(Marketwire - February 2, 2011) - CHDT Corporation, a Florida corporation (OTCBB: CHDO) ("Company"), with operating subsidiaries focused on designing and manufacturing consumer products for the North American and Latin American markets, announced today preliminary results for the 4th quarter and full year ended 12/31/2010. While CHDT Corporation's 2010 results will not be formally announced until the year-end audit is completed, the Company expects revenue of at least $1.5 million for the 4th quarter of 2010 and approximately $5.5 million for the full year. Commenting on the preliminary results, Stewart Wallach, the CEO of CHDT, stated, "The quarter's strong performance is recognition of the Company's strategy to focus its 2010 marketing efforts on its core businesses: lighting products."

He further added, "Expanded retail placement and consumer acceptance of the Company's current lighting programs: C-Lites (wireless motion sensor lights), eBook-Lites (adjustable lights for eReaders), Eco-i-Lites (multi-function power failure lights), Light Ringers® (LED desk lamps) and Pathway Lights® (book lights and task lights), is stronger than it has been throughout 2010. Looking back on the difficult start our Company faced in 2010, due to poor sales and bookings in Q1, I could not feel more positive about the anticipated year-end results."

"The Company's year-end gross revenues are projected to decline approximately $500K or 9% over year-end 2009, and its year-end results are expected to improve by an estimated 35% or approximately $400K due to continued cost containment initiatives," said Gerry McClinton, CFO. He added, "The benefits of these measures, which will continue throughout 2011, in conjunction with continued backlog development will be evident in our expected record Q1 performance."

The Company looks forward to reporting additional analysis at a scheduled earnings call in early March.

About Capstone Industries, Inc.

For more than a decade, the South Florida-based Company Capstone Industries has specialized in the design, production, and distribution of consumer products as a supplier to major retail operations throughout the USA and Latin America. 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 and Latin America. See www.chdtcorp.com for more information about the Company and also www.capstoneindustries.com for information on our current product offerings. 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.