DAVIE, Fla., Sept. 29, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT) (China Direct), a U.S.-Chinese trading company, today announced that it has received its first of its many purchase orders from Complete Power Solutions, LLC of Florida (CPS), a distributor of electrical generators throughout the Northeast and Southeastern regions. CPS signed a five-year exclusive distribution agreement for the generators on September 22, 2005, committing to a minimum of 500 generators over the next twelve months.
The first order consists of 100 generators, 60 40KW LP gas generators and 40 30KW units along with hundreds of transfer switches. Both generators are capable of running a small business or home. The order totals over $800,000 and will be shipped upon UL certification in China. The company anticipates the initial order to ship within three to four months, just in time to be preparing for the next hurricane season, while local homeowner demand continues to rise each year due to the ever-increasing threat.
Howard Ullman, CEO/President of China Direct, said, "This first order reflects our company's quick ability to react to demand for a commodity, source the manufacturer, hire an educated employee on the subject, find his buyer, and generate a sale, all of which was done in less than 72 hours. Our company welcomes companies looking to move production to China to lower costs of goods and/or speed up delivery schedules. Our goal this year has been to diversify our trading activities through hiring specialists for the particular industry we are targeting as we have done recently with our generator business," he said.
CHDT is a global trading holding company with subsidiaries involved in trade in various industries in China. China Pathfinder Fund, LLC (CPF) is a wholly owned global trading company engaged in the trading of goods, other than souvenirs and gifts, between China and the world and in business development consultancy for companies interested in doing business in China. Experiences range from apparel, furniture, and pearls, to generators, roof tiles, and we welcome any OEM projects.
For information on these new products, please go to www.chinadirecttradingco.com.
FORWARD-LOOKING STATEMENTS: Some statements contained in this release may be forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements as to diversification China Direct's products and business development activities. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to generate revenues, fund business development activities, diversify our product and business lines, our reliance on good trade relations between the U.S. and China and the ability of Chinese industry to meet our client demands, our status as a small business with limited assets and cash reserves, possible impact of weather or conflict on our business, and other factors as described in the China Direct's literature and current and future filings with the Securities and Exchange Commission.