CHDT) announced recently the expansion of its power generator sales operations into Miami and
Naples/West Florida with two new sales operations. The expansion is
prompted by the strong sales performance of CHDT Complete Power Solutions
(CPS) power generator sales operations in the northern Miami region. The
new operations will be open in the upcoming weeks. CPS will provide sales,
product, and engineering support to the new operations.
COOPER CITY, FL -- (MARKET WIRE) -- 07/03/06 -- China Direct Trading Corporation (OTCBB:
Howard Ullman, China Direct CEO & President, said, "CPS is on track to
generate a projected $20 million in gross revenue for FY2006 from its
current base territory of two South Florida counties. The new Miami
operation will expand our market reach from South Broward to Dade and
Monroe counties and new Naples/West Florida operation will cover the
Florida West Coast from Naples to Ft. Meyers. We have developed a solid and
proven sales model and we will continue to expand our operations throughout
the state of Florida followed by expansion into other states. Currently, we
are endeavoring to open a sales operation in California, Mississippi, New
Jersey, Virginia, Maryland, Pennsylvania and the Washington, D.C.
metropolitan region, which has two of the richest (per-capita) counties in
the nation and a steady economy anchored by the Federal Government. We are
enthused with the opportunity to expand our market and enjoy the economies
of scale and the dynamics inherent in an expansion at this level."
CHDT will own 60% percent of each of the new operations with licensees
owning the remaining 40% and financing the startup. CHDT will consolidate
100% of all financials of its subsidiaries. CPS (www.completepower247.com)
is a majority-owned China Direct subsidiary engaged in turnkey solutions
for standby commercial and residential power generation. For more
information from China Direct on becoming a licensee contact Rich
Schineller at 941-918-1913 or rich@chdt.us:
China Direct (www.chdt.us) is a holding company engaged through its
operating subsidiaries in the following business lines: Overseas Building
Supply (OBS) is engaged in manufacturing, distribution and logistics of
building materials including but not limited to generators, roof tiles,
interior doors, and insulation materials. CPS, (www.completepower247.com)
is a majority-owned subsidiary engaged in a turnkey solutions for standby
commercial and residential power generation. Souvenir Direct Inc. (SDI)
(www.souvenirdirect.com) is engaged in product development, manufacturing,
distribution, logistics and product placement into mass retail of souvenir
and gift items in 29 countries. None of the web site URLs listed in this
press release are incorporated into or are part of this press release.
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.
These statements are based on China Direct's and its subsidiaries'
managements' current expectations and assumptions, and involve risks and
uncertainties. Such expectations and assumptions may prove to be faulty or
incorrect. Actual results may differ materially from those anticipated
results set forth in the statements. The forward-looking statements may
include statements regarding possible expansion of markets, sales
projections, prospects of new operations, future consumer demand, future
product orders, product development, product potential or financial
performance. No forward-looking statement can be guaranteed, and actual
results may differ materially from those projected. China Direct 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 China Direct, which is a "penny stock" company, should be evaluated
together with the many uncertainties that affect our business, particularly
those mentioned in the cautionary statements in current and future China
Direct SEC Filings, which statements we incorporate by reference herein.
Contact:
Rich Schineller
941.918.1913
rich@chdt.us
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