CHDT Corp reports record YTD revenues of $4,968,061 and $3,000,000 in order backlog

PRLog (Press Release) - Nov 17, 2009 -
Press release
                      


CHDT CORP.  REPORTS RECORD YTD REVENUES OF $4,968,061
APPROACHES 2010 WITH OVER $3,000,000 ORDER BACKLOG



DEERFIELD BEACH, FL: CHDT Corp. (OTCBB:CHDO)(Company), a Florida corporation with operating subsidiaries focused on designing and manufacturing consumer products for the North American retail market, reported 3rd Quarter FY 2009 (unaudited) gross revenue of $2,424,686 Year-to-date (YTD)  revenues were $4,968,061,  an increase of 16% over the $4,290,702 reported for the same period in FY 2008.

Capstone Industries, a Company subsidiary, generated all YTD gross revenues for the quarter. The gross revenue increase resulted from the placement of Eco-i-Lite™ products (the Company’s multi-functional power failure light program), the launch of the Company’s new Pathway Lights™ Booklight and Tasklight program and sales of its new secure portable memory products through its BBI division of Capstone Industries.  

The Company has a current product order backlog in excess of $3,000,000 (as of November 16, 2009) scheduled for delivery in the 4th Quarter FY 2009 and FY2010, which backlog may not reflect actual sales in said quarter or any subsequent quarter and is subject to adjustment for order returns or cancellations.   Howard Ullman, Chairman of the Company Board of Directors, said: “The order backlog reflects the ongoing effort of our sales department to place product.  While current economic conditions create uncertainty as to actual sales results for any fiscal quarter, we are encouraged by this current order backlog.”

“An exciting development for the 4th Quarter FY 2009 will be the first complete line presentation of USB products developed by our BBI division of Capstone,” said John Tate, President of Black Box Innovations.  “The family of products has been rebranded “Classified” and the entire family will have its first significant promotion
On an end cap at a premier retailer. The line consists of four items; Personal Pocket Safe™, Secret Diary™, Classified Secure Flash Drive™, and Safe Mouse™,” added Mr. Tate.

“In spite of continued retail pressures, and uncertain economic conditions, our management team has continued to narrow losses and remains focused on innovative developments and new product placements”, said Mr. Ullman.  Our company is well positioned to grow in 2010 through new product offerings which should gain traction as the economy gains strength,” he said.

WEBCAST:  CHDT Corp will hold a webcast to allow shareholders and security analysts the opportunity to hear management discuss the Company’s quarterly results. The webcast can be accessed at the Company’s website: http://www.chdtcorp.com as well as  http://www.investorcalendar.com/IC/CEPage.asp?ID=152412.
Event Information:
Event Date: 11/17/2009
Event Time: 11:00 AM Eastern
Event Title: Third Quarter 2009 Conference Call
Webcast Replay Available Until: 11/17/2010
The tables below reflect CHDT Corp’s net sales and operating income on a pro forma  (unaudited) basis for the third quarter 2009.   The following is qualified in its entirety by reference to the Form 10-Q Report for the quarter ended September 30, 2009, as filed with the Securities and Exchange Commission on or about November 16, 2009.

CHDT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
                        
                        
                        
      (Unaudited)      (Unaudited)
      For the Three Months Ended      For the Nine Months Ended
      September 30,      September 30,
      2009      2008      2009      2008
                        
Revenues       $ 2,424,686        $ 3,021,926        $ 4,968,061        $  4,290,702
Cost of Sales      (1,697,072)      (2,068,727)      (3,477,929)      (2,884,438)
       Gross Profit      727,614       953,199       1,490,132       1,406,264
                        
Operating Expenses:                        
 Sales and marketing      36,556       9,333       113,284       79,743
 Compensation      292,232       378,946       874,114       1,199,921
 Professional fees      33,967       37,051       95,346       117,567
 Consulting      49,700       22,600       106,627       75,930
 Other general and administrative      246,476       357,886       776,580       862,060
      Total Operating Expenses      658,931       805,816       1,965,951       2,335,221
                        
Net Operating Income (Loss)      68,683       147,383       (475,819)      (928,957)
                        
Other Income (Expense):                        
Debt forgiveness      -      -      -      -
Miscellaneous income      -      -      57       -
 Interest expense      (67,548)      (84,196)      (198,179)      (148,699)
 Interest income      -      394       -      1,177
    Total Other Income (Expense)      (67,548)      (83,802)      (198,122)      (147,522)
                        
Net Income (Loss)       $       1,135        $     63,581        $   (673,941)       $ (1,076,479)
                        
Income (Loss) per Common Share      $                         -      $                         -      $                         -      $                         -
                        
Weighted Av. Shares Outstanding      560,041,646      557,941,646      559,691,830      560,476,479
                        
                        
         
2
CHDT CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Continued)
         
         
         
   (Unaudited)      
   September 30,      December 31,
   2009      2008
Liabilities and Stockholders’ Equity:         
Current Liabilities:         
  Accounts payable and accrued expenses    $     526,897        $1,824,295
  Note payable - Sterling Bank   1,744,066       722,547
  Note payable - Examsoft   821,205        -
  Notes and loans payable to related parties - current maturities   1,194,698       1,185,407
         
    Total Current Liabilities   4,286,866       3,732,249
         
    Total Liabilities   4,286,866       3,732,249
         
Stockholders' Equity:         
  Preferred Stock, Series A, par value $.001 per share         
     Authorized 100,000,000 shares, issued -0- shares         
     at September 30, 2009 and 60 shares at December 31, 2008    -      1
  Preferred Stock, Series B, par value $.10 per share         
    Authorized 100,000,000 shares, issued -0- shares         
    at September 30, 2009 and 2,108,813 at December 31, 2008         
  Preferred Stock, Series B-1, par value $.0001 per share   -      210,882
    Authorized 2,108,813 shares, issued 1,329,000 shares         
    at September 30, 2009 and -0- at December 31, 2008   133       -
  Preferred Stock, Series C, par value $1.00 per share         
    Authorized 1,000 shares, issued 1,000 shares         
    at September 30, 2009 and -0- at December 31, 2008   1,000       -
  Common Stock, par value $.0001 per share         
     Authorized 850,000,000 shares,         
     Issued 560,041,646 shares at September 30, 2009         
     and 557,941,646 shares at December 31, 2008   56,006       55,794
  Related party receivable   (40,441)      (40,441)
  Additional paid-in capital   6,684,601       5,585,702
  Accumulated deficit   (4,880,735)      (4,206,794)
         
    Total Stockholders' Equity   1,820,564       1,605,144
         
    Total Liabilities and Stockholders’ Equity    $   6,107,430        $5,337,393
         
         
            
         

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.