SOURCE: China Direct Trading Corp.

April 17, 2007 08:48 ET

China Direct Trading Corp. to Host News and Earnings Conference Call 11:00 AM ET Monday 23rd of April 2007

COOPER CITY, FL -- (MARKET WIRE) -- April 17, 2007 -- China Direct Trading Corp. (OTCBB: CHDT) (China Direct), a Florida corporation, is pleased to announce an investor conference call on Monday, April 23rd at 11AM Eastern Time. The call will review earnings as well as focus on 2007 business opportunities.

"During the fourth quarter, we made some difficult, but necessary, changes to our business model that had an impact on our annual numbers," said Howard Ullman, Chairman and CEO of China Direct Trading Corporation. "We made the changes to focus our total efforts on maximizing our productivity at building upon our established core competency -- being a provider of imported consumer products to the mass retail market. To provide for better consistency in financial performance we sold off our majority stake in the Complete Power Solutions, a local standby power generator installation business. The efforts of our management and employee team are focused on our wholly owned Capstone Industries division, with the result that I am very pleased to report in advance that we expect Capstone to have contributed approximately $250,000 in profits in the fourth quarter of FY2006.

"I thank our shareholders for their patience as we absorbed some short-term pain for what I believe will be much better long-term prospect. Capstone's contribution bears out that these changes were the correct ones to make. We look forward to seeking to expand Capstone's product offerings and leveraging their extensive distribution network of top retailers," concluded Mr. Ullman.

The conference call will be held on Monday, April 23, 2007 at 11:00 AM ET. The dial-in number is: (319) 632-1100 and participants will enter 260372# to access the call. The call will be recorded and available for two weeks at playback number: (641) 985-5006 with access code 260372#. A transcript of the call will also be made available at the website.

About China Direct: China Direct ( is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. ( 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. 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.

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