CHDT Corporation Launches New Subsidiary in Hong Kong to Drive International Growth
Company also appoints James Siu King Hung as Managing Director of the new entity
DEERFIELD BEACH, FL, April 12, 2012 - CHDT Corporation (OTCQB: CHDO) ("Company" or "CHDT"), 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 the formation of Capstone International HK, Ltd. ("Capstone International"), a new subsidiary that will be based in Hong Kong, and the hiring of Mr. James Siu King Hung as Managing Director to launch the new entity.
Stewart Wallach, President and CEO, commented, "Capstone International will focus on strengthening our presence abroad and will facilitate expansion into regions that we currently do not market to, like Europe and Australia. We will also pursue other potential companies equipped with new ideas, innovative technologies and products through cooperative agreements, mergers or acquisitions."
"James brings nearly fifteen years of international experience in consumer oriented product manufacturing and export business," added Mr. Wallach. "We have confidence that, with his leadership, we will be able to develop a cohesive team to manage our growing number of international production partners and successfully expand our business."
Mr. Hung worked for Plastiflex, a privately owned, multinational company that, at one time, had eleven production sites in ten countries. He also launched and owned a number of businesses in Europe, Hong Kong and China. Mr. Hung received a Bachelor of Business Administration from Pittsburg State University and a Masters Degree in Business Administration from Southwest Missouri State University.
