SOURCE: China Direct Trading Corp.

March 15, 2007 10:09 ET

Capstone Industries Identifies New Market Expansion Targets

COOPER CITY, FL -- (MARKET WIRE) -- March 15, 2007 -- China Direct Trading Corp. (OTCBB: CHDT) (China Direct), a Florida corporation, announced today the expansion of Capstone Industries ("Capstone"), a wholly owned subsidiary, into new consumer product categories.

Capstone, the Florida-based innovative designer, manufacturer, importer, distributor and holder of several patents in the consumer booklight and multi-task lighting categories, is broadening their product category offerings. Capstone is leveraging their retail partnerships to create and market new consumer lifestyle categories such as comfort products and MP3 accessories.

"We are pleased with the opportunity to debut unique and inventive product collections for the mass market, specialty and warehouse markets," said Gerry McClinton, president of China Direct subsidiary Capstone Industries. "There are several areas of immediate opportunity for the company. One such opportunity being the portable electronics accessories and comfort products area. We believe that we have the distribution channels to successfully distribute such products."

About China Direct: China Direct (http://www.chdt.us) is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. (www.capstoneindustries.com) is engaged in product development, manufacturing, distribution, logistics and product placement to importers, theme parks, and mass retail of souvenirs, gifts, and consumer products. Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials.

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. The forward-looking statements may include statements regarding product development, new product distribution efforts, anticipated success or basis for optimism about the potential of new business expansion efforts, product potential or financial performance. The fact that CHDT seeks or consummates investments in or acquisitions of other companies or undertakes business development efforts does not mean that such transactions or efforts will favorably affect CHDT's business or financial conditions -- in general or as forecasted. In fact, investments and acquisitions as well as business development efforts could have an adverse impact on CHDT. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. 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, which statements CHDT incorporates by reference herein.

Contact Information

  • China Direct
    Rich Schineller
    Tel: +1-941-918-1913
    rich@chdt.us