COOPER CITY, Fla., Oct. 6, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT) (China Direct), a U.S.-Chinese trading company, today announced that its wholly owned subsidiary, China Pathfinder Fund, LLC (CPF), has signed a sales agreement to become a commissioned agent for Complete Power Solutions, LLC (CPS), an established distributor of electrical generators.
CPF has recently received order inquiries from several individuals seeking to purchase generators for their home or business, but CPF is not licensed by its sources for selling or delivering small quantity orders from individuals. In order to fill such small orders from individuals, CPF today became a sales agent for CPS. CPF will earn a 4% sales commission on all individual sales orders referred to and closed by CPS.
"We are quickly building a solid relationship with CPS by not only supplying Chinese generators but also by receiving or winning U.S. orders for generators. Consumers are noticing our press releases and are calling with orders for generators, which we refer to CPS. Any orders taken now from individual consumers will be filled with U.S. made generators until the Chinese generators distributed by our company receive UL approval. We expect to start shipping the Chinese generators in the first quarter of 2006," said Howard Ullman, Chairman and CEO of China Direct and CPF.
CPS, Complete Power Solutions, LLC, is a full-service authorized generator dealer and exclusive Home Depot supplier for Broward and Pam Beach Counties and provides residents and commercial establishments within the State of Florida and throughout the Caribbean with Automatic Standby Generators. CPS is currently expanding into the Northeast and Southeast regions.
China Direct is a global trading holding company with subsidiaries involved in trade in various industries in China. CPF is engaged in trade of items other than souvenirs and novelties. CPF is working on establishing a nationwide network of generator salesmen and installers for Chinese-made generators. Inquiries should be directed to Larry Osborne at 919-341-5800 or email losborne21@aol.com.
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 statements 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 or its subsidiaries' 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 "penny stock", our status as a small business with limited assets and cash reserves, competition from companies with substantially more resources and market share, 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.