SOURCE: China Direct Trading Corp.

October 31, 2005 07:30 ET

China Direct Trading Corp. Signs Distribution Agreement for Roof Tiles With International Builders Supply

COOPER CITY, FL -- (MARKET WIRE) -- October 31, 2005 -- China Direct Trading Corporation (OTC BB: CHDT) (China Direct), a U.S.-Chinese trading company, today announced that it has signed a distribution agreement through its subsidiary, China Pathfinder fund, LLC, for roof tiles in the US and Canada with International Builders Supply (IBS), located in Boca Raton, Florida. Both companies understand the extent of the supply shortage in roof tiles and look to fill this gap with tiles made in China. China Direct has sourced the premier roof tile manufacturers overseas to aid in the supply shortage of roof tiles where deliveries are now being quoted up to one year. The company is in the process of submitting tiles to Dade County, which has the strictest codes in the country for building materials; upon approval the company will begin distributing roof tiles to roofers and developers nationwide through its new distributor IBS.

"There is a tremendous shortage of roof tiles which was a problem before this year's hurricane season due to high demand from developers. Now the supply has grown even shorter as thousands of homes throughout Florida, Mississippi, Alabama, and Louisiana are without roofs or tiles. I expect roof tiles along with generators to be the majority of our revenues for 2006 as we continue to focus our trading activities in products short in supply in the US and plentiful in China at a significantly lower price," said Howard Ullman, CEO of CHDT.

International Building Materials directly represents publicly traded and ISO9000-rated international manufacturers of building materials. The company sells to developers, builders, and roofing companies throughout the US and Canada with headquarters in South Florida.

CHDT is a global trading holding company with subsidiaries involved in trade in various industries in China. China Pathfinder Fund, LLC (CPF) is one of the company's wholly owned subsidiaries engaged in trade of items other than souvenirs and novelties and is currently selling the generators. For information on these new products, please go to www.chinadirecttradingco.com.

FORWARD-LOOKING STATEMENTS: Some statements contained in this release may be forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements as to diversification China Direct's products and business development activities. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements.

Contact Information

  • Contact:
    Tim Clemenson
    Rubenstein Investor Relations
    212-843-9337