CHDT Corp. sells $700,000 in Preferred Stock to new equity partner

Tue Jul 14, 2009 2:15pm EDT
 
[-] Text [+]
DEERFIELD BEACH, FL, July 14 /PRNewswire-FirstCall/ - CHDT Corp. (OTCBB:CHDO)
On July 9, 2009, CHDT Corporation entered into a Stock Purchase Agreement with
Involve, LLC, a private Florida limited liability company. The Company
privately sold 1,000 restricted shares of a newly authorized Series C
Convertible Preferred Stock, for an aggregate purchase price of $700,000.
"I am very pleased that Involve LLC decided to invest in our company. We are
regularly approached by investors offering both equity and debt deals to the
company but I believe Involve LLC will provide potential strategic
opportunities to our company as well," said Stewart Wallach, CEO. "They are
strong believers in our management team and acknowledge the results we have
been posting in spite of the difficult economic conditions," he added.
Howard Ullman, Chairman, commented, "I am excited to see the strides our
management team has made over the past couple years as we remain committed to
enhancing shareholder value. I have confidence in the company's current
course."

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. Reference of URL's in this press
release does not incorporate said URL's or any of their contents in this press
release.

NOTICE: This press release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, as
amended. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially from those
indicated in such forward-looking statements, including, but not limited to,
the ability of CHDT Corp. and its subsidiaries to realize any anticipated or
expected business or financial results, the impact of any investment or
relationship on such results, and such other risks as identified in CHDT
Corp.'s Annual Report on Form 10-K for the fiscal year ended December 31,
2008, most recent Quarterly Reports on Form 10-Q, which contain and identify
important factors that could cause the actual results to differ materially
from those contained in the forward-looking statements. CHDT assumes no
obligation to update any forward-looking statement contained in this press
release.

SOURCE  CHDT Corp.

Jill Mohler, JMohler@chdtcorp.com, (954) 252-3440

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video