SOURCE: China Direct Trading Corp.

March 20, 2007 11:15 ET

China Direct to Host 'Direct Connect' Quarterly China Trade Missions

COOPER CITY, FL -- (MARKET WIRE) -- March 20, 2007 -- China Direct Trading Corp. (OTCBB: CHDT) (China Direct), a Florida corporation, announced today the company has launched a new initiative to increase its consulting business for U.S. companies seeking to do business in China. Called 'Direct Connect,' China Direct has signed up three U.S. corporations to date. Under the consulting agreements, China Direct will receive a China trade trip fee as well as royalty agreements for any business resulting from China Direct consulting efforts. China Direct will be acting not as a trader but as a direct facilitator connecting buyers and sellers.

China Direct anticipates the first 'Direct Connect' program trip to China to occur in April and the second trip to take place in June. We are seeking additional U.S. firms seeking to export their goods or services to China. In most instances the company charges a standard consultation fee along with a royalty fee of 5% of all transactions or orders consummated. The company will also provide all logistics and brokerage services upon request.

"China is hungry for new products and technologies and looks to the U.S. to help its country be more efficient and thus more productive so it is with great pleasure that we to offer a program for U.S. companies to access the proper connections in China to sell their products to the fastest growing consumer population in the world," said Howard Ullman, Chairman and CEO of China Direct. "China has joined the WTO and U.S. products, brands, and companies are beginning to reach the Chinese market. Our company, with its Chinese business and government contacts, is in a position to act as an introducer of products and technologies to the Chinese marketplace."

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 consulting initiatives in China and the U.S., 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 or new consulting 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

  • Contact info:
    China direct
    Rich Schineller
    1941 918 1913
    rich@CHDT.us