SOURCE: Stock Market Alerts

August 24, 2009 08:38 ET

Ahead of the Bell: China Direct Industries -- August 24, 2009

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

MIAMI, FL--(Marketwire - August 24, 2009) - Stock Market Alert's performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Ford Motor Company (NYSE: F).

Breaking News: CDII Trading, a wholly owned subsidiary of China Direct Industries (NASDAQ: CDII), and China Armco Metals enter into strategic partnership agreement for metals procurement. The company, a U.S. owned, rapidly growing holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, issued a press release this morning announcing its wholly owned subsidiary, CDII Trading, Inc. ("CDII Trading") has entered into a strategic partnership agreement with China Armco Metals, Inc. ("Armco").

Under the terms of the agreement CDII Trading will assist Armco in procuring various metals including copper ore, manganese ore, chrome ore, and iron ore for distribution in China. As part of this relationship CDII Trading is in the process of arranging an initial shipment of copper ore sourced out of Zambia, Africa.

Armco is engaged in China in the sale and distribution of metal ore and non-ferrous metals to the metal refinery industry in China. Armco supplies a range of raw materials and scrap metals for various metal refining and steel manufacturing industries. Armco maintains customers throughout China which include steel producing mills and foundries in the PRC. Raw materials are supplied from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, the Philippines and Libya. Armco's product lines include ferrous and non-ferrous ore; iron ore, chrome ore, nickel ore, copper ore, manganese ore and steel billet.

Commenting on this agreement, Mr. Ross Friedman, Commercial Trading Director of CDII Trading, Inc., stated, "We are excited to have forged this relationship and to begin sourcing metals and metal ore for Armco. We look forward to a long relationship with Armco and are working diligently to secure reliable long term sources for Armco and its end customers in China. We are very encouraged by the potential opportunities before us to source various metals for Armco and believe additional transactions will close in the coming months as we aggressively build this business."

The stock closed yesterday at a $1.56 a share.

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Citigroup Inc. (NYSE: C) up 4.9% on 1.3 billion shares traded. Citigroup Inc. is one of the leading global financial services companies.

JPMorgan Chase & Co. (NYSE: JPM) up 2.9% on 42.8 million shares traded. JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries.

Ford Motor Company (NYSE: F) up 0.7% on 55.2 million shares traded. Ford Motor Company, one of the global automotive industry leaders, based in Dearborn, Mich., manufactures or distributes automobiles across six continents.

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 and China Armco Metals, Inc., WSCF has been compensated a total of Fifty Thousand Dollars 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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