SOURCE: China Direct Trading Corp.

May 02, 2007 07:30 ET

Reid Goldstein Appointed President of Capstone Industries Inc.

COOPER CITY, FL -- (MARKET WIRE) -- May 2, 2007 -- China Direct Trading Corp. (OTCBB: CHDT) (China Direct), a Florida corporation, today announced that Reid Goldstein will assume the position of President of Capstone Industries Inc., effective May 7, 2007.

"Reid Goldstein was a catalyst to Capstone's entry into the retail market in 1997 and we welcome him back to lead Capstone in its next stage of growth and development. The entire Capstone team has prior work experience with Reid and has expressed their support of his appointment. I am confident Capstone will reach its full potential under his leadership," said Stewart Wallach, Chief Executive Officer and President of China Direct.

Reid is a sales and marketing professional with over 35 years of consumer and institutional product experience, in the Automotive, Food & Beverage, General Merchandise, Hardware, Health & Beauty, In-Store Media and OTC Vitamin categories. He has participated in the introduction to retailers of various consumer products during his career.

Prior to joining Capstone, Mr. Goldstein has been in an Executive capacity as Company President, Executive Vice President of Sales and Vice President of Marketing with several companies selling consumer products to North American retailers. He has been able in the past to introduce consumer products through retailers like Costco, Wal-Mart, Target, K-Mart, Walgreen's, Safeway, AutoZone and Pep Boys.

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. Past marketing or product development experience is not necessarily indicative of future success. CHDT is a "penny stock" and, as such, any investment in CHDT stock is a highly risky investment suitable only for those who can afford to lose their investment. Forward-looking statements in this press release 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.

Contact Information

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