SOURCE: China Direct Trading Corp.

October 27, 2005 08:38 ET

China Direct Trading Corp. Survives Wilma

Rushing Generator Orders as Demand Increases Due to Hurricane Wilma

COOPER CITY, FL -- (MARKET WIRE) -- October 27, 2005 -- China Direct Trading Corporation (OTC BB: CHDT) (China Direct), a U.S.-Chinese trading company, today announced that its headquarters were not damaged from Hurricane Wilma but electricity is currently out and expected to be back within the next few days. South Florida currently has three million customers without power including all China Direct employees. Demand for the large generators will now be strong for the future as South Florida has for the first time experienced a power outage in one third of the state, an unprecedented event. Businesses such as gas stations, banks and Supermarkets and others will consider generators in order to support the public during any type of disaster that interrupts the power supply. Individuals will now consider installing a backup power supply in preparation for next year's hurricane season, just seven months away and expected to be as active as this year.

China Direct is pressuring its China factories to rush production of its first orders and UL submission is expected on November 18th and UL approval is anticipated to be January 24th with the first shipment one week after UL approval. The company will receive its opening Letter of Credit from Complete Power Solutions (CPS), its exclusive generator supplier in the region, as soon as the banks open in South Florida. CPS has received hundreds of calls from individuals for installations over the past two days and the company believes demand will continue for many years as people consider a generator as an investment in their home and peace of mind.

China Direct's subsidiary handling generator sales, China Pathfinder, will focus sales for the next 12 months on generators and roof tiles as the company believes these two items to be in highest demand and lowest supply and most importantly can be imported from China for less.

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. 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. These risks and uncertainties include, but are not limited to, our ability to generate revenues, fund business development activities, diversify our product and business lines, our reliance on good trade relations between the US and China and the ability of Chinese industry to meet our client demands, our status as a small business with limited assets and cash reserves, possible impact of weather or conflict on our business, and other factors as described in the China Direct's literature and current and future filings with the Securities and Exchange Commission.

Contact Information

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