Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | CHDT Corp reports record YTD revenues of $4,968,061 and $3,000,000 in order backlogCHDT Corp. reports 3rd Quarter FY 2009 gross revenue of $2,424,686 Year-to-date revenues were $4,968,061 an increase of 16% over the $4,290,702 reported for the same period in FY 2008
By: Howard Ullman CHDT CORP. REPORTS RECORD YTD REVENUES OF $4,968,061 APPROACHES 2010 WITH OVER $3,000,000 ORDER BACKLOG DEERFIELD BEACH, FL: CHDT Corp. (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” 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/ 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) CHDT CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS Revenues Cost of Sales Gross Profit Operating Expenses: Sales and marketing Compensation Professional fees Consulting Other general and administrative Total Operating Expenses Net Operating Income (Loss) Other Income (Expense): Debt forgiveness Miscellaneous income Interest expense Interest income Total Other Income (Expense) Net Income (Loss) Income (Loss) per Common Share Weighted Av. Shares Outstanding 2 CHDT CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Continued) (Unaudited) September 30, 2009 Liabilities and Stockholders’ Current Liabilities: Accounts payable and accrued expenses Note payable - Sterling Bank 1,744,066 Note payable - Examsoft Notes and loans payable to related parties - current maturities Total Current Liabilities 4,286,866 Total Liabilities 4,286,866 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 - 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 - 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 Related party receivable Additional paid-in capital Accumulated deficit Total Stockholders' Equity Total Liabilities and Stockholders’ About CHDT Corp.: CHDT Corp. (http://www.chdtcorp.com) # # # About CHDT Corp.: CHDT Corp. 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. End
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
