SOURCE: CHDT Corporation

CHDT Corporation

January 18, 2011 07:00 ET

CHDT Corporation Reports Record $2,600,000 Year-End Order Backlog

DEERFIELD BEACH, FL--(Marketwire - January 18, 2011) - CHDT Corporation, a Florida corporation (OTCBB: CHDO) ("Company"), with operating subsidiaries focused on designing and manufacturing consumer products for the North American retail market, announced today a record 2010 year-end order backlog of $2,600,000 for shipment in the 1st Quarter. 

In 2010, Capstone Industries, Inc. transitioned out of under-performing product lines and focused on its core lighting business, which continues to demonstrate solid growth and performance.

The Company was recognized with awards last March at the International Home and Housewares Show for a number of its new lighting devices which have since been ordered, placed on retailers' shelves and have sold through, demonstrating their viability as future revenue generators.

As the Company continues to increase distribution through new retailers and consistently develops new products that sell through, along with existing products that continue to remain popular, revenues should continue to increase throughout 2011 and beyond.

The $2,600,000 order backlog gives CHDT a strong start for the 1st quarter of 2011, which historically, is the slowest quarter for the Company. Last year CHDT lost $508,000 on sales of $353,000 in the 1st quarter of 2010. This year the Company is poised for a major turnaround in both income and revenue for the 1st Quarter of 2011 and positioned well for growth in the 2nd and 3rd quarters.

"I'm pleased to see the transition of CHDT over the past two years. We have discontinued non-performing product lines, focusing on our core lighting business, which has shown both the ability to increase market share while maintaining good margins. Overall, this will lead to a much better performance for the Company in 2011. I expect to give further 1st quarter and year-end guidance in the near future," said Stewart Wallach, CEO of CHDT Corporation.

About CHDT Corporation

CHDT Corporation (http://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 http://www.chdtcorp.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings. References to 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 summary above, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like "anticipate," "expect," "project," "continue" and similar words. 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 forward-looking 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.