DAVIE, Fla., Sept. 26, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT) (China Direct), a U.S.-Chinese trading company, today announced that it has received an initial purchase order commitment from Complete Power Solutions, LLC of Florida (CPS), a distributor of electrical generators, for the shipment of 500 Chinese-made, LP gas-powered, electrical generators over the next 12 months worth a total value between three to five million dollars. China Direct will receive it's initial order for 100 generators this week. China Direct expects the initial order to ship within three to four months, after the generators receive a contractually required Universal Laboratory/UL approval. The 20KW to 50KW generators are designed to run an entire home or business.
China Direct and CPS recently signed a five-year exclusive agency and distribution agreement for the generators on September 22, 2005. CPS intends to sell the generators to retail operations and business and governmental end users in the U.S., especially in the South and Gulf Coast region. China Direct is seeking other domestic distribution agreements for generators, which are produced by China Direct's exclusive generator manufacturers in China and range in size from small household generators to large industrial generators for heavy equipment and buildings.
Howard Ullman, CEO/President of China Direct, said, "This first order shows customer confidence in our ability to provide a quality product that is very competitively priced and often deliverable well in advance of comparable U.S.-made products. This order reflects the successful initial return on our recent efforts to expand our core business line into higher profit margin Chinese-made equipment. We are excited by this major breakthrough for our diversification efforts." In light of the recent property devastation created by this hurricane season China Direct is also seeking to distribute Chinese-made roofing tiles in the U.S., especially the Gulf Coast region.
About CPS
Complete Power Solutions, LLC is a Full-Service Authorized Guardian Dealer and Home Depot Supplier who provides residents and commercial establishments within the State of Florida and throughout the Caribbean with Automatic Standby Generators. The company is currently expanding into the Northeast and Southeast regions. They handle sales, service, maintenance, delivery, permitting, and installation. Complete Power Solutions thrives on Customer Satisfaction and being able to Protect your family 24 hours a day -- 7 days a week during a power outage. The company also sells a Pre-Engineered, code Compliant throughout the State of Florida, proprietary concrete installation pad designed to reduce Noise and to Minimize Vibration (STC Rating of 48) and it is 1/3 the weight of normal concrete. Their products can be seen at www.completepower247.com
CHDT is a global trading holding company with subsidiaries involved in trade in various industries in China. China Pathfinder fund, LLC (CPF) is one wholly owned subsidiary engaged in trade of items other than souvenirs and novelties. China Pathfinder will continue to set up a nationwide network of existing generator installers looking for lower pricing and quicker deliveries. All inquiries should be directed to Larry Osborne at 919-341-5800 or email losborne21@aol.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 US 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.