CHDT Corp -- eReader-Lite Sales Exceed Retail Expectations and Trigger Substantial Reorders
(firmenpresse) - DEERFIELD BEACH, FL -- (Marketwire) -- 09/20/11 -- Capstone Industries, a South Florida-based subsidiary of CHDT Corp. (OTCBB: CHDO), announced on September 7, 2011 that its eReader-Lite was posting very strong sales and was exceeding retailer's earlier forecasts. The adjustable LED light for e-readers and laptop computers is part of the Pathway Lights® program in the Book Section of a noted National Mass Retailer.
After just two weeks on shelf, this retail partner reported that retail sales were very strong and out-performing the point of sale forecast. The continually increasing sales of e-readers that utilize e-ink technology, supports the growing sales results occurring with the eReader-Lite. These reading devices do not provide a backlit display, which makes them hard to read in dimly lit areas.
"The Company has received reorders in excess of 20K units that were not in our sales plan," said Reid Goldstein, President of Capstone Industries. "However, as we were very bullish on this category, we had advanced commitments to raw materials allowing for a quick response should sales exceed our expectations. We are turning these orders around in record time and they will be shipped to the retailer by the end of October in time for peak holiday retailing," he added.
Gerry McClinton, CFO, added, "The Company will report in early October, record, year-to-date, Q3 performance as previously announced. We will confirm both record revenues and profits and our Q4 backlog continues to grow, which we typically would not see this late in the year. This is all adding up to a profitable 2011."
For more than a decade, the South Florida-based Capstone Industries has specialized in the design, production and distribution of consumer products to retailers and wholesalers throughout the USA. Capstone Industries is committed to the development and distribution of unique and inventive products to a variety of channels including bookstore chains, convenience stores, drug & grocery, electronics, hardware, home improvement, internet, mail order, mass market, office supply, specialty, and warehouse clubs.
CHDT Corporation () 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 for more information about the Company. 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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Datum: 20.09.2011 - 07:00 Uhr
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