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CHDT Corporation Announces New $1.0 Million Revolving Line of Credit

2012-04-05 11:00 ET - News Release

  • Agreement with Postal Capital Funding provides financial flexibility for domestic distribution strategy and international expansion
  • Postal Capital Funding established by CHDT director and the Company’s Chief Financial Officer


Company Website: http://chdtcorp.com/
DEERFIELD BEACH, Fla. -- (Business Wire)

CHDT Corporation (OTCQB: CHDO) (“Company” or “CHDT”), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the North American retail markets, announced today it closed a $1.0 million revolving line of credit agreement with Postal Capital Funding. The credit agreement, with an annual percentage rate of 8.0%, matures April 1, 2013, with annual renewal options.

Stewart Wallach, President and CEO, commented, “This new credit line provides us the flexibility required to fund our growth and execute on our strategic initiatives. Importantly, it also represents the commitment Dr. Jeffrey Postal, a director, and James G. McClinton, Chief Financial Officer, who are principals of Postal Capital Funding, have in the future prospects of CHDT.”

More information on the Company and its products can be found on the Company website at: www.chdtcorp.com.

About CHDT Corporation

CHDT Corporation is a public holding Company that engages, through its wholly owned subsidiary, Capstone Industries, Inc., in the development, manufacturing, logistics, and distribution of consumer products to retailers and wholesalers throughout North America and Latin America. See http://www.chdtcorp.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.

SAFE HARBOR STATEMENT:

This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like “anticipate,” “expect,” “project,” “continue” and similar words. 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 forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include consumer acceptance of the Company’s products, its ability to deliver new products, the success of its strategy to broaden market channels and the relationships it has with retailers and distributors. The 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 risks and uncertainties more fully described in the Company’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Information contained at the websites referenced above is not included in this news release. CHDT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contacts:

Company:
CHDT Corporation
Jill Mohler, Corporate Secretary, (954) 252-3440, ext 313
or
Investor Relations:
Kei Advisors LLC
Deborah K. Pawlowski, (716) 843-3908
Email: dpawlowski@keiadvisors.com

Source: CHDT Corporation

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