Capstone Companies Inc (CAPC)

[RG]

NEWS
CHDT Subsidiary OBS Becomes New Consumer Electronics Manufacturer


2008-03-31 11:37 ET - News Release

DEERFIELD BEACH, FL -- (MARKET WIRE) -- 03/31/08


CHDT Corporation, a Florida corporation (OTCBB: CHDO) announced today that the company's wholly owned subsidiary, 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.