CHDT Corp.’s wholly-owned subsidiary, Capstone Industries, posted two performance records back to back for the last two quarters and is projecting another record for Q3, with year-to-date revenues and profits breaking through to new highs on the strength of a solid order backlog.
Demonstrating the proficiency of South Florida-based CHDO, in handling the complex logistics of bringing innovative consumer products to North American markets via subsidiary Capstone Industries, Inc., Capstone has rapidly developed quite a reputation for specialized design, production and distribution of leading products like the Eco-i-Lite 6LED Power Failure Light and Pathway Lights® line of booklights and task lights. Such devices, which utilize super-bright LEDs with high durability and an extremely long product lifecycle, have shown increasing momentum for a variety of the retail and wholesale end markets where Capstone has struck deep roots.
CEO of CHDO, Stewart Wallach, praised the Company’s continued commitment to bringing unique and inspired offerings to consumers via a broad-spectrum distribution network, chalking up the record-breaking performance to precisely this strategy of innovation. Wallach emphasized a prevailing focus on the Company’s induction charging technology-based lighting products, keen to see applications in a broader array of consumer functionality.
CFO of CHDO, Gerry McClinton, hailed the dedicated efforts of the Company’s elite team, which has delivered three quarters of record-breaking performance despite tough economic times for North American consumer markets as a whole. McClinton explained that it was the ability of the CHDO team to adapt to changing conditions in the retail market, shored-up by continued innovation in the offerings which have allowed the Company to capture so much space.
President of Capstone, Reid Goldstein, really understands the motivations of the target markets and pledged to continue aligning efforts with consumer demands for newer high-quality designs and devices at the lowest possible price point. Goldstein underscored that the difficult retail environment has prompted a more aggressive push for exceptional product offerings from the retail owners. This is where Capstone has delivered supply chain gold, allowing retailers to bring readily apparent value to consumers at the point of sale with items that help to stimulate business.
With a wide assortment of products in categories as diverse as bookstores, convenience/drug stores, electronics/hardware and home improvement, to internet, backend/office supply and select item or warehouse clubs, Capstone develops and delivers a host of novel items with an efficiency seldom matched in this sector.
For more information on CHDT Corp. and to stay up to date on the latest news and information, please visit the Company’s website at www.chdtcorp.com
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