CHDT
COOPER CITY, FL, Jul 06, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading
Corp. (OTCBB: CHDT) today announced preliminary top line revenue growth for the
second quarter of 2006 ended June 30, 2006. Revenues for Q2 2006 were $6.8
million, an increase of over 2300 percent as compared to revenue of $292,182
reported for Q2 2005. On a sequential basis, Q2 2006 projected sales represent
an increase of 54 percent over Q1 2006 sales of $4,400,102.
Q2 2006 results include $6,500,000 from the sale of power generators by Complete
Power Solutions, LLC, a China Direct majority-owned subsidiary, (CPS). China
Direct consolidates 100% of CPS' financial results into China Direct's SEC
reported financial results. Actual financial results for Q2 2006 may vary based
on auditor and other adjustments to the final, SEC-reported financial results.
"We are very pleased with the continual growth and success of Complete Power
Solutions and will continue to invest in the systems and services that will
foster ongoing success for CPS and China Direct," said Howard Ullman,
CEO/President of China Direct. "We are expanding our operational geographic
reach and offering significant value-added services that will continue to build
on our success to date in standby power provision. We also will be commencing
sales of our roofing tiles very soon which will further accelerate revenue
growth throughout FY 2006. We look forward to reporting final results for the
second quarter on or before August 15, 2006 and we will also conduct an investor
conference call on the release date to detail results and plans going forward."
"Luck is what happens when preparation meets opportunity."
