As posted in: money.cnn.com/news/newsfeeds/articles/marketwire/0353149.htm
CHDT Corp. to Sponsor NASCAR Race Team at Daytona
January 28, 2008: 09:15 AM EST
CHDT Corp. (OTCBB: CHDO), a consumer products company focused on product placement with wholesalers and retailers nationwide, announced today that it will be the primary sponsor for the #72 MacDonald Motorsports Dodge, driven by DJ Kennington, at the upcoming NASCAR Nationwide Series, Camping World 300 at Daytona International Speedway on February 16th, 2008.
CHDT Corp., through its wholly owned subsidiary Capstone Industries, recently launched a complete line of STP® branded tools and automotive accessories. The STP® logo will be featured on the hood and back side quarter panels on car #72 and STP® tools will become the official tools of MacDonald Motorsports and will be placed on their website as well as in their garage. The sponsorship also includes a 12-race schedule in the Canadian Tire Series this summer with DJ Kennington, which is viewed on the Speed Channel.
Randy MacDonald, owner of MacDonald Motorsports, made his first NASCAR Cup Series Start in 1994 at North Carolina Speedway. MacDonald has since competed in several Cup and Busch series races and spent three full seasons in the Craftsman Truck Series. He has competed with some of the finest drivers of all time, including Mark Martin, Rusty Wallace, and the late Dale Earnhardt. Randy finished in the top 20 in final standings of each of his three full seasons in the Truck Series. As the owner of MacDonald Motorsports, Randy is responsible for the day to day running of the team, securing sponsorship and ultimately guiding his team to a winning position in the highly competitive NASCAR Nationwide Series.
"STP® is one of the most recognized brand names in the automotive industry with over 50 years of history and success behind it," said Reid Goldstein, President of Capstone Industries. "As a licensee of The Armor All/STP Products Company ('STP'), we have designed a spectrum of technologically innovative products bearing the STP® mark that enhances and complements the value of the STP® brand. STP® cordless power tools feature models with quick-charging Lithium Ion batteries and LED work-area lighting. Capstone's STP® branded automotive accessories include power inverters, creepers, stools, spotlights, tailgate power, and garage clocks that are extremely automotive retail-friendly. We are delighted to have the opportunity to introduce these STP® branded products to the 75 million plus NASCAR fans during the most exciting week of racing."
"MacDonald Motorsports is really excited to be a part of the history of the STP® brand appearing at NASCAR races. The STP® mark has been an icon in NASCAR sponsorship for decades. With STP® branded tools on board with MacDonald Motorsports, we know we have all the right tools to get the job done," stated owner Randy MacDonald.
Capstone's new STP® branded products take center stage in the pits at the Nationwide, Camping World 300 where 40 drivers, representing 30 teams will race the day before the 50th running of the Daytona 500.
STP® is a registered trademark of The Armor All/STP Products Company.
ABOUT CHDT: CHDT Corp. is a public holding company that engages through its Capstone subsidiary in the sale of consumer products, specifically STP-branded power tools and portable book lights and, through retailers and wholesalers nationwide. See http://www.chdtcorp.com for more information about the company and www.capstoneindustries.com and www.stptools.com for information on our products. References to websites or URLs in this press release do not constitute an incorporation of such websites' or URLs' contents in this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. These statements are based on the Company's and its subsidiaries' current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the statements. CHDT undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release and risks associated with any investment in CHDT, which is a small business concern and a "penny stock company" and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the many uncertainties that affect CHDT's business, particularly those mentioned in the cautionary statements in current and future CHDT's SEC Filings.
DJ did get approved for his Superspeedway race. He is ready for Daytona
CHDT Corp. to Sponsor NASCAR Race Team at Daytona
January 28, 2008: 09:15 AM EST
CHDT Corp. (OTCBB: CHDO), a consumer products company focused on product placement with wholesalers and retailers nationwide,
CHDT Corp., through its wholly owned subsidiary Capstone Industries, recently launched a complete line of STP® branded tools and automotive accessories.
MacDonald has since competed in several Cup and Busch series races and spent three full seasons in the Craftsman Truck Series. He has competed with some of the finest drivers of all time, including Mark Martin, Rusty Wallace, and the late Dale Earnhardt. Randy finished in the top 20 in final standings of each of his three full seasons in the Truck Series.
Randy is responsible for the day to day running of the team, securing sponsorship and ultimately guiding his team to a winning position in the highly competitive NASCAR Nationwide Series.
"STP® is one of the most recognized brand names in the automotive industry with over 50 years of history and success behind it," said Reid Goldstein, President of Capstone Industries. "As a licensee of The Armor All/STP Products Company ('STP'), we have designed a spectrum of technologically innovative products bearing the STP® mark that enhances and complements the value of the STP® brand.
"MacDonald Motorsports is really excited to be a part of the history of the STP® brand appearing at NASCAR races. The STP® mark has been an icon in NASCAR sponsorship for decades. With STP® branded tools on board with MacDonald Motorsports, we know we have all the right tools to get the job done," stated owner Randy MacDonald.
Capstone's new STP® branded products take center stage in the pits at the Nationwide, Camping World 300 where 40 drivers, representing 30 teams will race the day before the 50th running of the Daytona 500.
STP® is a registered trademark of The Armor All/STP Products Company.
Sometimes these press releases are difficult to decipher so i thought i would clarify a few things .
CHDT Corp. (OTCBB: CHDO) also known as Capstone Industries are all part of China Direct Trading Corporation . What do they produce ? well to be honest nothing they import cheaply made tools etc from China . They have acquired the licencing rights from Armor All/STP Products a division of Clorox to put these Chinese made tools in a box that says STP on it rather then the original source Wung Chung Fu Tool Company (fictitious example) . Consumers are much more likely to purchase a product that is branded with a well known name they associate as having North American origins then a off brand Chinese product that they associate as being of poor quality .
Maybe its just me but i find it more then a bit skeevy to invoke the name of Mark Martin , Rusty Wallace and especially the late Dale Earnhardt to promote yourself in a press release . I will go out on a limb here to say none of these people ever used Randy MacDonald's name to promote themselves . While it is true that Randy Macdonald did finish in top 20 in points all 3 years he ran full time in the Craftsman Truck Series it is equally true that he finshed last in the points all 3 years of any driver running the full schedule .
I had to read the sentence twice that said Randy is responsible for guiding this team to a "winning position" Is there anyone on this planet that really thinks this team could ever win a Nation Wide race ?
Some what troubling to me were the statements "With STP® branded tools on board with MacDonald Motorsports, we know we have all the right tools to get the job done," stated owner Randy MacDonald". and "Capstone's new STP® branded products take center stage in the pits at the Nationwide, Camping World 300" Am i to take away from that the team is using STP® branded tools in the pits to service the race car ? If so could this be the reason the car keeps falling off the jack and the stops are so slow ?
why is it that when anyone tries to get ahead in the racing world there are those like the above frothing at the mouth to tear them down. Breaks COC Termssorry
UnfurnishedApartment didn't you know everything is made in china these days. Who cares where the products are made. I know I don't as there is a lot of products that come from China and they are made good and these are the shops where they have strong quality control and the company's make sure they produce a good product.
What does this have to do with DJ????? Everyone uses celebs to get more attention these days. It is called good marketing.
Also I think you mentioned pit problems. It has nothing to do with the tools they use but the new team get experience. It happens to teams every race an do people say it is the equipment they are using? I think if the pit crew was using bad stuff. Nascar would say something as this is a safety issue.