SOURCE: CHDT Corp.

August 15, 2008 07:00 ET

CHDT Q2 2008 Gross Revenues up 78% Over Q1 2007

Conference Call Scheduled for Friday at 10:00 a.m.

DEERFIELD BEACH, FL--(Marketwire - August 15, 2008) - CHDT Corp. (OTCBB: CHDO) a Florida-based management company operating subsidiaries focused on designing and manufacturing consumer products for the North American retail market, reported yesterday its 10-Q for Q2 2008. The Company had gross revenues of approximately $694,596 an increase of 78% versus $389,436 in revenue for the corresponding Q2 of 2007. Six month gross revenues increased 110% over 2007. The increase in revenues is partly due to the company shipping its initial STP® orders to such noted retailers as Sam's Club and online retailer Amazon.com.

For the three months ended June 30th, 2008, the Company had a net loss from continuing operations of approximately $512,118 versus a first quarter loss of $587,988. For the three months ended June 30th, 2007 the Company had a net loss from operations of $260,596. That is a net loss increase of $251,522 over 2007 results. The major reason for this additional loss was the increase over 2007 in Compensation and General Administrative Expenses required for the management buildup. In the second quarter 2007 we did not have the full cost impact of the new management team.

First and second quarter sales are historically the slowest quarters of the year for Capstone. The company expects sales to escalate further in the third and forth quarters as it implements additional STP®, Eco-i-Lite™, and Take™ programs. The third quarter will be the first quarter the company will have all its product lines launched that have been in development during 2007. As of 6/30/08 the Capstone order backlog was 2,900,000. As a data point, this backlog exceeds the total revenue numbers at 2007 year end.

Howard Ullman, Chairman of CHDT Corp., said, "I am very impressed with the speed to market exhibited this year by our management team. They developed a sizable line of STP® tools and automotive accessories, designed a revolutionary new multi-functional light branded the Eco-i-Lite™, and have received accolades from the media for its new Personal Pocket Safe having made a web introduction just a few weeks ago. We are getting positive feedback from retailers on all our product lines and our company is on track to reach its revenue goals set at the beginning of the year. The growth we are experiencing today is a result of the investment we made last year in a qualified management team with the vision and knowhow to continually create innovative consumer products."

CHDT Corp. will conduct a teleconference in conjunction with today's release. The teleconference begins at 10:00 a.m. Eastern Time today, 8/15/2008. Members of the news media, investors and the general public are invited to access a live webcast of the conference call via "CHDT Corp.'s" website at www.chdtcorp.com or through www.InvestorCalendar.com. The event will be archived and available for replay through 8/15/2009.

                                  PART I

                    CHDT CORPORATION AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF OPERATIONS


                            (Unaudited)                (Unaudited)
                    For the Three Months Ended  For the Six Months Ended
                             June 30,                    June 30,
                        2008          2007          2008          2007
                    ------------  ------------  ------------  ------------

Revenues            $    694,596  $    389,436  $  1,268,776  $    600,478
Cost of Sales           (495,275)     (208,844)     (815,711)     (346,859)
                    ------------  ------------  ------------  ------------
  Gross
  Profit                 199,321       180,592       453,065       253,619
                    ------------  ------------  ------------  ------------

Operating Expenses:
  Sales and
   marketing              35,980         9,458        70,410        23,146
  Compensation           349,769       174,944       820,975       270,559
  Professional fees       46,182        61,986        80,516       109,193
  Consulting              25,200         8,125        53,330        75,000
  Other General and
   administrative        254,308       186,675       504,174       265,398
                    ------------  ------------  ------------  ------------
    Total Operating
     Expenses            711,439       441,188     1,529,405       743,296
                    ------------  ------------  ------------  ------------

Net Operating
 Income (Loss)          (512,118)     (260,596)   (1,076,340)     (489,677)
                    ------------  ------------  ------------  ------------

Other Income
 (Expense):
  Miscellaneous
   income                      -             -             -           750
    Interest
     expense             (40,128)      (24,721)      (64,503)      (52,225)
    Interest
     income                  174        13,923           783        17,190
                    ------------  ------------  ------------  ------------
      Total Other
       Income
       (Expense)         (39,954)      (10,798)      (63,720)      (34,285)
                    ------------  ------------  ------------  ------------

Net Income (Loss)   $   (552,072) $   (271,394) $ (1,140,060) $   (523,962)
                    ============  ============  ============  ============

Income (Loss) per
 Common Share       $          -  $          -  $          -  $          -
                    ============  ============  ============  ============

Weighted average
 shares outstanding  557,941,646   561,343,299   561,757,861   552,718,495
                    ============  ============  ============  ============


Item 2.  Financial Statements

                    CHDT CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED BALANCE SHEETS

                                                (Unaudited)
                                                  June 30,    December 31,
Assets:                                             2008          2007
                                                ------------  ------------
Current assets:
   Cash                                         $    144,026  $    257,802
   Accounts receivable - net                         823,619     1,351,648
   Inventory                                         386,009       333,184
   Prepaid expense                                    34,477        23,331
                                                ------------  ------------

     Total Current Assets                          1,388,131     1,965,965
                                                ------------  ------------

Fixed assets:
   Computer equipment & software                      49,886        45,685
   Machinery and equipment                           353,053       276,408
   Furniture and fixtures                              5,665         5,665
   Less: Accumulated Depreciation                   (163,466)     (119,154)
                                                ------------  ------------

     Total Fixed Assets                              245,138       208,604
                                                ------------  ------------

Other non-current assets:
   Product development costs - net                   107,292        73,012
   Goodwill                                        1,936,020     1,936,020
   Deposits                                           16,793        15,000
                                                ------------  ------------

      Total other non-current assets               2,060,105     2,024,032
                                                ------------  ------------

         Total assets                           $  3,693,374  $  4,198,601
                                                ============  ============


                  CHDT CORPORATION AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEETS
                            (Continued)

                                                (Unaudited)
                                                   June 30,   December 31,
                                                     2008          2007
                                                ------------  ------------
Liabilities and Stockholders’ Deficit:
Current liabilities:
  Accounts payable and accrued expenses         $    753,100  $    601,946
  Customer deposits                                    3,002             -
  Notes and loans payable to related parties -
   current maturities                                439,870       688,305
                                                ------------  ------------

     Total current liabilities                     1,195,972     1,290,251
                                                ------------  ------------

Non-current liabilities
  Note payable - Sterling Bank                       359,014             -
   Notes and loans payable to related parties        546,025       546,025
                                                ------------  ------------

     Total non-current liabilities                   905,039       546,025
                                                ------------  ------------

     Total Liabilities                             2,101,011     1,836,276
                                                ------------  ------------

Stockholders' Deficit:
   Preferred Stock, Series A, par value $.001
    per share
      Authorized 100,000,000 shares,
      Issued 60 at June 30, 2008
      and 6,560 shares at December 31, 2007                1             7
   Preferred Stock, Series B, par value $.10
    per share
     Authorized 100,000,000 shares,
     Issued 2,108,813 at June 30, 2008
      and 1,358,738 at December 31, 2007             210,882       135,874
   Common Stock, par value $.0001 per share
      Authorized 600,000,000 shares,
      Issued 557,941,646 shares at June 30,
       2008 and 599,745,646 shares at December
       31, 2007                                       55,794        59,975
   Additional paid-in capital                      5,333,804     5,034,527
   Accumulated deficit                            (4,008,118)   (2,868,058)
                                                ------------  ------------

     Total Stockholders' Deficit                   1,592,363     2,362,325
                                                ------------  ------------

     Total Liabilities and Stockholders’
      Deficit                                   $  3,693,374  $  4,198,601
                                                ============  ============

About CHDT Corp.: CHDT Corp. (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. See http://www.chdtcorp.com for more information about the company and www.capstoneindustries.com, www.takeanyware.com, www.stptools.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.

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