Capstone Companies Inc (CAPC)

[Pedtupe]

China Direct Trading Corp. Recieves Chinese Roof Tile Approval NOA (Notice of Acceptance) No:06-0407.05 Effective July 20, 2006
Monday July 17, 7:20 am ET

http://biz.yahoo.com/iw/060717/0144664.html

COOPER CITY, FL--(MARKET WIRE)--Jul 17, 2006 -- China Direct Trading Corporation (OTC BB:CHDT.OB - News), a U.S.-Chinese trading company, today announced that its subsidiary, Overseas Building Supply, LLC (OBS), received a Notice of Proposed Action from the Dade County Product Control Division, which governs the product review process in Dade and Broward Counties, Florida. The Notice, dated June 30th, is a 20-day approval notice for OBS' clay double roll roofing tile No. 06-0407.05. Unless objections are raised by any member of the Board of Rules and Appeals, which overseas the issuance of all NOAs, on or before July 20th, the roofing tiles will be eligible for sale. OBS has also been provided the five page NOA document which soon will be available online at www.chdt.us. This grants OBS the exclusive right to import and sell these clay roof tiles.

Subject to no objections from the Board of Rules and Appeals, OBS will start taking orders from roofers, tile distributors, home owners, and retailers on July 20th for Goods starting to leave on August 15th and the first delivery in the U.S. on September 10th. For information on roof tiles contact Howard Ullman at 954-252-3440.

OBS has entered into an exclusive distribution agreement with a China Ceramic Tile factory. The factory has been in operation since 1986 producing high quality roofing and floor tiles with 15% of its annual production going to export. The factory has 90 new machines imported from Spain and Italy producing a Chinese brand known as Minnan. The ISO9001 rated factory has 1,256 workers in a 200,000 square meter facility. Total annual production capacity is twenty million tiles. The factory can expand its production facility if and when demand dictates.

About China Direct: 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 distribution of building materials including but not limited to 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) 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 consumer demand, 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. Approval of products by governmental authorities does not mean that the products will be accepted by consumers or produce any revenues or profits. 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.


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For information on this release
Contact:
Rich Schineller
941.918.1913
[e-mail]