CHDT Corporation Announces Orders of $3.6 Mil
Post# of 2207
CHDT Corporation Announces Orders
of $3.6 Million Received in the First Quarter of 2012
Orders from national retailers and mass merchandisers increased
$2.45 million, or 313%, in quarter
DEERFIELD BEACH, FL, April 3, 2012 - CHDT Corporation (OTCQB: CHDO) ("Company"), 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 received in the first quarter of 2012, $3.6 million in or ders that are expected to ship in the second through fourth quarters of 2012. The orders are a result of both an increase in end-user acceptance of the Company's power failure lighting solutions and security and safety products and the Company's recently launched domestic distribution program. Orders for the first quarter of 2011 were $1.15 million.
Stewart Wallach, President and CEO, commented, "The significant growth in orders in our first quarter marks a very solid start to 2012. Our power failure lighting solutions, such as the Eco-i-Lite power failure product line, are driving our growth in the consumer products arena. We are continuing to develop new products that address safety and security while integrating our lighting technology know-how and manufacturing expertise."
Mr. Wallach added, "We believe our new domestic distribution strategy and the increase of independent sales agency representation will support our growth initiatives, and, ultimately, be the catalyst that allows us to expand the availability of our products throughout the U.S."