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CHDT Corp. 2008 Sales Plan Is on Track and New Products Have Strong Appeal
(Marketwire Via Acquire Media NewsEdge) DEERFIELD BEACH, FL, October 7 / MARKET WIRE/ --
CHDT Corp. (OTCBB: CHDO), a management
company engaged in designing and manufacturing consumer products for the
North American retail markets, announced today that the company is on
target to reach its projected gross sales goals for Fiscal Year 2008
(FY2008). Final financial results for FY2008, including net income or net
loss for FY2008, have not been projected or ascertained and are subject to
a number of factors and adjustments.
Stewart Wallach, CHDT CEO, declared, "CHDT is optimistic about meeting its
2008 annual gross sales revenue projections. The slowed consumer spending
at the retail level from general economic conditions has impacted new CHDT
program implementations on one hand, but has not dampened, in our
opinion, opportunities for our company's long term product development
plans. Based on feedback from retailers, we believe our program's STP?
tools, Capstone Lighting -- now including the new Eco I Lite program, Black
Box Innovations and its Personal Pocket Safe -- meet the increasingly
important 'innovation factor' that retailers seek to generate incremental
sales growth in these difficult times. Our new products represent 'new'
business opportunities to retailers and we expect to demonstrate the
strength of our brands at the retail level as product implementations
unfold. We spent the past 14 months operating under a seasoned management
team that has experienced slow retail trends in the past. We are not
changing our course and, as retail buyers are free to roll out new product
campaigns in the future, we are poised to deliver."
Unlike many consumer product companies that are not as diversified, CHDT
believes that it has products to serve all channels in its product
categories, including mass merchants, warehouse club operations, book
channels, drug and discount, grocery, hardware, and automotive. The
company has successfully launched three new and diversified programs and
recently announced product placement in the warehouse club segment with two
of those three. The latest introduction marks our entry into the
electronics area. The brand is t?ke products, which tightly integrate
software applications and world-class security within a smart drive. All
t?ke products will be marketed through Black Box Innovations as a division
of Capstone Industries. The first product, Personal Pocket Safe, was
recently launched with extensive media coverage including but not limited
to a feature article in the New York Times as well as being selected for
the O Magazine list, a favorites list of talk show celebrity Oprah Winfrey,
and can currently be purchased online at www.takeanyware.com. Management is
currently meeting with retailers to discuss retail placement of the
Personal Pocket Safe and intends to expand the t?ke product line in the Q4
2008 and Q1 2009. O is a trademark of Harpo Productions, Inc.
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, and distribution of consumer products to
retailers and wholesalers throughout the United States. See
http://www.chdtcorp.com for more information about the company and
www.capstoneindustries.com; www.takeanyware.com and www.stptools.com for
information on our current product offerings. Reference of URL's in this
press release does not incorporate said URL's or any of their web pages,
links and contents in this press release.
FORWARD-LOOKING STATEMENTS: Disclaimer: Investors should be aware that CHDT
has not yet finalized its results for the 3rd Quarter of 2008 or for FY2008
and that CHDT's "preliminary" estimates of net sales and earnings for FY
2008 reflect management's estimates based upon the information available at
the time made. These estimates could differ materially from CHDT's actual
results if the information on which the estimates were based ultimately
proves to be incorrect or incomplete. Statements used in this press
release that relate to future plans, events, financial results, performance
or prospects, including statements relating to estimated sales and earnings
for 2008 are forward-looking statements as defined under the Private
Securities Litigation Reform Act of 1995, as amended. An increase in
projected gross sales does not translate into profitability. These
estimates and statements are based upon current information and
expectations. Accurately estimating CHDT's future financial performance is
based upon various unknowns including consumer acceptance and demand for
CHDT's products as well as future consumer discretionary purchasing
activity for products like those sold by CHDT, which can be significantly
and adversely affected by unfavorable economic or market conditions. Actual
results may differ materially from those estimated or anticipated as a
result of these unknowns or other risks and uncertainties, including
delays, difficulties or increased costs in the supply of components needed
to manufacture CHDT's products, in manufacturing CHDT's products, or in
connection with the implementation of any CHDT gross margin initiatives or
the implementation of future initiatives; financial conditions in China
(where CHDT products are made); U.S.-Chinese relations in trade and
politics; product seasonality; any actions taken by the retailers and
distributors of CHDT products that could have an adverse impact upon demand
or supply of CHDT products; a decrease in demand for products of CHDT; and
the effect of terrorist activity, financial panics, lack of adequate
consumer financing, failure of U.S. Government bailout of the U.S.
financial industry, armed conflict, natural disasters or pandemic diseases
on the economy generally, on the level of demand for CHDT's products or on
CHDT's ability to manage its supply and delivery logistics in such an
environment. For additional information concerning these and other risks
and uncertainties that could affect these statements and CHDT's business,
see Part I of CHDT's Annual Report on Form 10-K for the year ended December
31, 2007, as well as other risks and uncertainties detailed from time to
time in the Company's reports on Forms 10-Q and 8-K subsequently filed from
time to time with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements,
especially projected gross sales, which speak only as of the date hereof
and in light of the possibility of a net loss for FY2008. CHDT undertakes
no obligation to republish revised forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
CONTACT:
Jane KleinEmail Contact
954-252-3440
Copyright ? 2008 Marketwire
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