KAT Exploration Inc (KATX)

[Rick-UK]

Here's the press release from CDI themselves...

DEERFIELD BEACH, FL - (August 3, 2010) - China Direct Industries, Inc. ("China Direct Industries") (NASDAQ: CDII), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that it has signed two new clients to advisory services contracts.

China Direct Industries will provide the two companies, seeking to become publicly listed in the United States, with a variety of advisory and management services including merger analysis and implementation, evaluation of alternative financing structures and potential sources of capital. Other ongoing services to be provided include coordination of all required public disclosures, financial management and the implementation of internal controls, investor and public relations management, and translation services.

The first privately held company is a US trading company with significant coal mining concessions in Columbia and plans to acquire additional Columbian coal mines and to establish distribution relationships in China. The second privately held company is seeking to acquire a China based owner of approximately 12 private schools in China with a 2010-2011 academic enrollment of an estimated 18,000 students.

Now here's what Jack says...

As to speculation to the hiring of our CFO, I have no idea about CDI. Mr. Barns was hired because of the need and his qualifications.

Now I am guessing you will still say that leaves room for CDI to still be KAT's consultants, but frankly I don't agree, and no matter how much colour, emboldening, underlining or adding of question marks you use ,it doesn't alter the facts as explained by both companies and shown above in plain old black and white.

Now... if you can speak with either CDI or KAT or maybe Mr Barnes himself and get confirmation that in fact there is a consultancy relationship between the two companies then that will be very exciting indeed and I shall be the very first to congratulate you on some great DD, but simply stating that the absence of knowledge of who the consultants are, combined with the conference call leader not wishing to discuss the matter further online proves that the KAT Group consultants must be CDI is nonsense.