CHDT
COOPER CITY, FL, Jul 10, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading
Corp. (OTCBB: CHDT) today announced preliminary top line revenue for the first
six months of 2006 ended June 30, 2006 of $11 million, an increase of over 2300
percent as compared to revenue of $465,000 reported for the first six months of
2005.
First six months 2006 results include $10,750,000 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 this
period may vary based on auditor and other adjustments to the final,
SEC-reported financial results.
"China Direct is implementing on our vision and we are pleased with the
outstanding progress our operating subsidiaries have made in terms of sales. For
the second half of the year we look forward to seeing our new subsidiaries add
to our revenue growth such as Overseas Building Supply with roof tiles and new
Complete Power Solutions subsidiaries," said Howard Ullman, CEO/President of
China Direct.
"Luck is what happens when preparation meets opportunity."
