SOURCE: China Direct Trading Corp.

August 22, 2006 11:09 ET

China Direct Trading Files Form 12b-25 for June 2006 Form 10-Q

COOPER CITY, FL -- (MARKET WIRE) -- August 22, 2006 -- CHINA DIRECT TRADING CORP. (OTCBB: CHDT) today announced that it will unable to timely file its Quarterly Report on Form 10-Q for the quarter ending June 30, 2006 by the August 14, 2006, filing deadline because of delays in consolidating and reviewing the financial statements of China Direct's operating subsidiaries. As a result, China Direct has filed a Form 12b-25 notification of late filing with the U.S. Securities and Exchange Commission. China Direct expects to file the Form 10-Q on or before Friday, August 25, 2006.

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