CHDT Q1 2008 Gross Revenues up 172% Over Q1 2007

CHDT Corp. (OTCBB: CHDO), a Florida-based management company operating subsidiaries focused on designing and manufacturing consumer products for the North American retail market, announced today it will report in its upcoming 10-Q for Q1 2008 that the Company had gross revenues of approximately $574,180, an increase of 172% versus $211,042 in revenue for the corresponding Q1 of 2007. The increase in revenues is partly due to the company shipping its initial STP® orders to two retail chains, CSK and Meijer, along with shipments of its new Simply Comfort(TM) line. Capstone's lighting division sales also posted significant gains in Q1.

Gross profit for the three months ended March 31, 2008, was approximately $254,000, increased by approximately $181,000 or 248% over $73,000 in 2007. Gross profit as a percentage of sales was 44.3% for the first quarter of 2008 as compared to 34.6% for the first quarter of 2007. This Gross Profit increase is attributed directly to the increase in product sales volume combined with the improved mix of products offering higher margins than in the same period 2007.

Cost of sales for the three months ended March 31, 2008 and 2007 were approximately $320,000 and $138,000, respectively. This cost represents 55.8% and 65.4% respectively of total Revenue. As a percentage of Total Revenue costs have reduced from the same period last year by 9.6%. This is a direct result of the improved mix of products now being sold.

For the three months ended March 31, 2008, the Company had a net loss from continuing operations of approximately $587,988. For the three months ended March 31, 2007 the Company had a net loss from operations of $252,568. That is a net loss increase of $335,420 over 2007 results. The major reason for this additional loss was the increase over 2007 in Compensation Expense of $375,591 and General Administrative Expense of $171,143. In the first quarter 2007 we did not have the full cost impact of the new management team.

First quarter sales are historically the slowest quarter of the year for Capstone as retailers recover from the Holiday season. The company expects sales to escalate further in the second and third quarters as it implements additional STP® programs into retailers, mail order catalogues, and online retailers along with line expansion with existing customers.

Howard Ullman, Chairman of CHDT Corp., said, "Not only am I pleased that we achieved substantial growth during the slowest quarter of the year, we also look forward to launching our newest product, the Personal Pocket Safe(TM), through our new division, Black Box Innovations, which expects to contribute further to our revenue growth in 2008. As these product lines mature we expect to see sales continue to escalate as we saw last year with our book and task lighting division which doubled revenues each quarter throughout 2006."