SOURCE: Stock Market Alerts

January 12, 2010 09:35 ET

Market Watch: China Direct Industries -- January 12, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC.

MIAMI, FL--(Marketwire - January 12, 2010) - Stock Market Alerts' performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Alcoa, Inc. (NYSE: AA), Energy XXI (Bermuda) Limited (NASDAQ: EXXI) and Origin Agritech Limited (NASDAQ: SEED).

This morning, China Direct Industries, Inc. (NASDAQ: CDII) announced it expects to begin delivery of approximately $9.4 million in pure magnesium and magnesium related products in its second fiscal quarter and throughout calendar 2010 on several contracts with Fortune Global 500 companies including a new contract with a well respected European automobile manufacturer. The company is a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials.

The signing of an initial direct contract with a leading European automobile manufacturer is an important advancement for China Direct Industries as it looks to become the leading branded supplier of pure magnesium and magnesium related products through its International Magnesium Group, "IMG" brand. With world markets continuing to improve, management intends to step up its efforts to secure larger contracts with its current large customers as well as build its direct customer base in the automobile, steel, titanium and aluminum industries.

Commenting on the event, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc. stated, "We are excited about the long term prospects for our magnesium operations in 2010 as we see continued signs that global demand for magnesium is starting to improve. We feel it is an important milestone for the company to have directly secured an initial contract with a large automobile manufacturer as part of our IMG efforts and intend to work diligently to expand this and other potential large order relationships. We continue to believe our direct sales efforts in several key industries as part of the IMG branding effort will enable us to successfully expand our share of the global magnesium market in 2010 and beyond."

This week the company also reported its financial outlook for its fiscal 2010 year ending September 30, 2010. As a result of improved visibility in the operations of its subsidiaries in China, coupled with continued price stabilization and improvement in demand in its magnesium segment, management has decided to reinitiate providing an annual financial outlook. Management sees improvement across all its business areas resulting in revenues for the full fiscal year of 2010 ranging between $130 and $150 million with net income ranging from $8 to $10 million. This guidance is predicated on management's believe that magnesium prices and demand will continue to gradually improve in the fiscal year. Management also believes its consulting operations will improve significantly as global markets continue to strengthen for small to medium sized Chinese entities.

The stock closed at $2.14 a share a share.

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Alcoa, Inc. (NYSE: AA) up 2.5% on 76.4 million shares traded. Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

Energy XXI (Bermuda) Limited (NASDAQ: EXXI) up 39.9% on 36 million shares traded. Energy XXI is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program.

Origin Agritech Limited (NASDAQ: SEED) up 19.2% on 17 million shares traded. Founded in 1997 and headquartered in Beijing, Origin Agritech Limited (NASDAQ: SEED) is China's leading, vertically-integrated agricultural biotechnology company specializing in research, development and production to supply the growing populations of China.

This advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company also maintains a contractual, working relationship with Wall Street Capital Funding LLC. and its Wall Street News Alert brand. For current services performed for China Direct Industries, Inc. (NASDAQ: CDII), Sunwin International Neutraceuticals, Inc., Dragon Capital Group Corp, China America Holdings, China Armco Metals, Inc. and Dragon International Group Corp., the company has been compensated a total of Three Hundred Thousand Dollars (Two Hundred and Fifty Thousand dollars for current services and Fifty Thousand dollars for previous services) by China Direct Investments Inc., a Florida corporation, and a wholly owned subsidiary of China Direct. The company does not hold any shares of the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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