CHDT Subsidiary OBS Becomes New Consumer Electronics Manufacturer
2008-03-31 08:38:00
CHDT Subsidiary OBS Becomes New Consumer Electronics Manufacturer
DEERFIELD BEACH, FL–( EMWNews – March 31, 2008) – CHDT Corporation, a Florida corporation
(
Overseas Building Supply(OBS), will be re-branded as a new consumer
electronic products company called Black Box Innovations, LLC. (BBI)
Management’s decision was based on the deepening decline in the housing and
construction industries which has resulted in the inability of OBS to
successfully penetrate the building supply market.
Black Box Innovations will focus on bringing innovative technology to
consumer products. The initial products under the Black Box Innovations
banner are well underway and the first product in a line that focuses on
organizing personal data, while providing both mobility and security, is
the Personal Pocket Safe.
The Personal Pocket Safe organizes personal vital records — from
financial accounts and insurance policies to warrantees and passwords.
This critical information is safely contained in a PIN protected smart
drive, complete with 256-bit AES encryption and other layers of security
that ensure only the owner has access to the information the Personal
Pocket Safe contains.
“It is imperative that all our subsidiaries contribute to our bottom line
and with that in mind we have opted to use our existing OBS corporate
structure to launch a new and exciting subsidiary for CHDT Corp.,” said
CEO, Stewart Wallach. “We anticipate rolling out our first two products in
the first half of 2008 and have a substantial roadmap in place, which will
deliver new products to retail at a rapid pace,” he said.
About CHDT Corp.: CHDT Corp. (http://www.chdtcorp.com) is a holding company
engaged through its operating subsidiaries in the following business lines:
Capstone Industries, Inc. (www.capstoneindustries.com ) and
(www.stptools.com) is engaged in product development, manufacturing,
distribution, logistics and product placement to mass retailers; and Black
Box Innovations, LLC is engaged in the manufacturing and distribution of
electronic consumer products to mass retailers. 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. The
forward-looking statements may include statements regarding product
development, new product distribution efforts, anticipated success or basis
for optimism about the potential of new business expansion efforts, product
potential or financial performance. The fact that CHDT seeks or consummates
investments in or acquisitions of other companies or undertakes new
business development efforts does not mean that such transactions or
efforts will favorably affect CHDT’s business or financial conditions — in
general or as forecasted. New orders for products does not necessarily
mean that additional orders will follow or that such orders will
significantly or favorably affect CHDT financial results. No
forward-looking statement can be guaranteed, and actual results may differ
materially from those projected. 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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