SOURCE: China Direct Trading Corp.

April 30, 2007 09:30 ET

China Direct Trading Corp. Signs Sourcing Agreement With Asian Outsource Design Group LTD

COOPER CITY, FL -- (MARKET WIRE) -- April 30, 2007 -- Capstone Industries, Inc. (Capstone), a wholly owned subsidiary of China Direct Trading Corp. (OTCBB: CHDT), announced today that it has entered into an agreement with Asian Outsource Design Group LTD/ISL (AODG) to assist with sourcing and development of Capstone's licensed hardware and automotive accessory programs. Capstone will develop, distribute, market and sell a line of diverse hardware and automotive accessories to retailers nationwide.

In addition to offering extensive product development and design services, AODG, a Hong Kong-based company, brings to Capstone overseas production operations, providing factory certification, production monitoring, quality control inspections, and logistic services.

"We are pleased to be working with a partner like Capstone who is focused on creating quality consumer products at exceptional value," said Larry Sloven, President and CEO of Asian Outsource Design Group LTD.

According to Capstone's President, Gerry McClinton, "AODG, and its over 18+ years of experience in the automotive and hardware industries, is the perfect strategic partner. Their substantial innovative resources and emphasis on quality control, affords Capstone the opportunity to bring dependable and innovative products to our retail partners and customers."

About Asian Outsource Design Group LTD: Established in 1989, AODG is a Hong Kong-based Company providing product outsourcing services worldwide for name brand manufacturers in consumer products. Services provided include product design and development, factory sourcing and certification, product testing, production monitoring, quality control inspections, and logistics services.

About Capstone: Established in 1997, Capstone is a wholly owned subsidiary of China Direct Trading located in South Florida. The company is engaged in product/design development, manufacturing and distribution nationwide. Capstone is the established innovator in a number of consumer product categories, holding several product and design patents and trademarks. Their product development, domestic distribution, marketing expertise, overseas sourcing and product diversification has contributed to leveraging their client base and further revenue growth. Capstone's national retail partnerships include major retailers in various distribution channels.

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. 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. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the SEC, including the Company's Form 10-K for the fiscal year ended December 31 2006. The entry into production agreements does not necessarily indicate future growth in sales

Contact Information

  • Contact:
    China Direct
    Rich Schineller
    (646) 257-3902
    rich@CHDT.us