Deerfield Beach, Florida-based CHDT Corporation, a holding company generating revenue through its wholly-owned subsidiaries, recently announced that its subsidiary Capstone Industries, Inc. is kicking off 2011 with a massive surge in sales.
Capstone has been serving the industry for more than ten years and specializes in the design, production, and distribution of consumer products as a supplier to major retail operations throughout North America and Latin America. Capstone develops and distributes 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. Shipped and booked orders during the first ten weeks of 2011 topped total figures reported for all of 2010. Also notable is the fact that historically the first quarter of the year is the slowest sales quarter for Capstone.
This morning, CHDT Corp. made an official announcement stating that Q1 Revenue surpassed projections by registering $2.5 million in sales and a record size backlog of over $3 million. The backlog orders are slated to be shipped during the second and third quarters of 2011. Revenue for the first quarter totaled $2,146,964; representing a whopping 608 percent growth as compared to the same quarter in 2009.
The successful 2010 launch of the Company’s eReader-Lite and eBook-Lite, which are adjustable lights for eReaders, Light Ringers (LED desk lamps) and C-Lites (wireless motion sensor lights) throughout a variety of retail channels added to the company clocking additional revenue in addition to their popular Eco-i-Lite line of products. No earnings information was released, but the Company did state that a profitable quarter is anticipated. If positive numbers are reported, it would be the first quarter ever in which CHDT operated in the black.
Commenting on the stellar results, Stewart Wallach, CEO of CHDT Corporation, stated, “As I mentioned in our year-end conference call, the future for CHDT Corporation has never been brighter. Revenues are strong and growing, profits are expected and we have a significant order backlog coming into Q2. We had a positive show last month at the International Home and Housewares Show and expect more products and additional retailers to come on board.”
More information on CHDT Corporation and its business strategies can be found on the Company’s website at www.chdtcorp.com