SOURCE: China Direct Trading Corp.

April 05, 2007 07:20 ET

China Direct Trading Gets New Product Placement

COOPER CITY, FL -- (MARKET WIRE) -- April 5, 2007 -- China Direct Trading Corp. (OTCBB: CHDT) (China Direct), a Florida corporation, announces its wholly owned subsidiary, Capstone Industries ("Capstone"), has developed a new product called the "Travel Flip-Neck Booklight." This product will be introduced through a major book retailer's chain-wide 2007 Father's Day promotion. Our new booklight will be offered to all of Capstone's existing retail partners.

The Travel Flip-Neck Booklight is "ultra" lightweight for "Reading-On-The-Go" and easily fits into briefcases, pocket books, backpacks and is perfect for leisure and business travel. The 2 Super Bright LED Lights offer the consumer extra wide reading area coverage with a sturdy clip for all reading materials.

"Capstone intends to continue to develop new and innovative lighting products for our customers in the booklight market," said Gerry McClinton, President of Capstone Industries. "We are exited about all of our new product launches as we continue to grow our market share in this category."

China Direct and Capstone are uncertain at this time of the financial results from the introduction of the aforementioned new product or any other new products. There can be no assurances that new products will produce revenues or income -- at all or sufficient to cover the cost of producing and marketing new products.

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 an innovative designer, manufacturer, importer, distributor and holder of several patents in the consumer booklight and multi-task lighting categories and is also 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. The forward-looking statements may include statements regarding product development, new product distribution efforts, anticipated success or basis for optimism about the potential of new business expansion efforts, product potential or financial performance. The fact that CHDT seeks or consummates investments in or acquisitions of other companies or undertakes business development efforts or launches new products does not mean that such transactions or efforts will favorably affect CHDT's business or financial conditions -- in general or as forecasted. In fact, investments and acquisitions as well as business development efforts and new product launches could have an adverse, possibly ruinous, impact on CHDT. CHDT is lightly capitalized company with no permanent lines of financing or funding and cannot withstand any significant losses from failed new product launches or from ongoing operations or from new acquisitions. 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. Forward-looking statements in this press release and risks associated with any investment in CHDT, which is a small business, micro-cap concern and a "penny stock company" and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the many uncertainties that affect CHDT's business, particularly those mentioned in the cautionary statements in current and future CHDT's SEC Filings, which statements CHDT incorporates by reference herein.

Contact Information

  • Contact:
    China Direct
    Rich Schineller
    Tel: +1-646-257-3902
    rich@chdt.us