idiot so i was not to add in at 0.08 yesterday. I was like.. not very happy with my previous experience.. but had an excellent day today.. congrats to all those in this!
Posts: 66 | Registered: Jun 2006
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Good day today...finished strong near HOD...I could see an AM gap up...people are realizing the 10-Q is coming in the next 2 trading days...I will post a chart later...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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quote:Originally posted by 10of13: Very little movement today....I would like to add more...but will wait to see what the EOD brings...Next week should be pretty good!
Agree, it's holding steady...standoff between buyers and sellers...If what they have been projecting in their last few PR's comes through in the 10-Q, could be very good next week!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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Old news, but this is what makes me think the 10-Q should be positive, and why I am holding for next week...
China Direct Projected First Six Months Revenue Top 11,000,000
Contracted Sales Up 2300% Over 2005 Same Period Sales
COOPER CITY, FL, Jul 10, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (OTCBB: CHDT) today announced preliminary top line revenue for the first six months of 2006 ended June 30, 2006 of $11 million, an increase of over 2300 percent as compared to revenue of $465,000 reported for the first six months of 2005. First six months 2006 results include $10,750,000 from the sale of power generators by Complete Power Solutions, LLC, a China Direct majority-owned subsidiary, (CPS). China Direct consolidates 100% of CPS' financial results into China Direct's SEC reported financial results. Actual financial results for this period may vary based on auditor and other adjustments to the final, SEC-reported financial results.
"China Direct is implementing on our vision and we are pleased with the outstanding progress our operating subsidiaries have made in terms of sales. For the second half of the year we look forward to seeing our new subsidiaries add to our revenue growth such as Overseas Building Supply with roof tiles and new Complete Power Solutions subsidiaries," said Howard Ullman, CEO/President of China Direct.
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 manufacturing, distribution and logistics of building materials including but not limited to generators, roof tiles, interior doors, and insulation materials. CPS (www.completepower247.com) is a majority-owned subsidiary engaged in turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) (www.souvenirdirect.com) 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 is incorporated into or is part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including any financial information and projections, contain "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 and actual results may differ significantly, materially from those anticipated results set forth in such statements. Current revenues and revenue growth is not a reliable indicator of future financial results and should not be relied upon by investors as such an indicator. China Direct and CPS undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company (and as such is deemed a "highly risky investment") should be evaluated together with the many uncertainties that affect our business, particularly those stated in the cautionary statements and risk factors in current and future China Direct SEC Filings, which statements we hereby incorporate by reference herein.
China Direct Acquires Capstone Industries, Inc.
Market Wire "US Press Releases "
COOPER CITY, FL -- (MARKET WIRE) -- 09/18/06 -- China Direct Trading Corp. (OTCBB: CHDT) announced today that it has acquired Capstone Industries Inc. (www.capstoneindustries.com). The acquisition of Capstone furthers China Direct's current strategic plan to expand domestic distribution opportunities through strategic investment and acquisition. CHDT issued 234,399 shares of its Series B Preferred Stock (convertible into 15.625 million shares of CHDT Common Stock) and $750,000 in cash (from the CHDT credit line with certain members of management) to acquire 100% of Capstone's common stock.
Capstone Industries (Deerfield Beach, FL), established in 1997, is an innovator in growing book light and multi-task lighting categories, holding several product and design patents and trademarks, and is engaged in product/design development, manufacturing, and distribution nationwide. Existing retailer distribution agreements include, but are not limited to, mass market retailers (Wal-Mart), office-supply chains (Staples), book store chains (Barnes & Noble), warehouse clubs (Costco), supermarket chains (Kroger), drug chains (Rite Aid), Department Stores (Dillards), and book clubs (Scholastic). For FY2005 (unaudited), Capstone had gross sales of $2.167 million, gross profit of $661,489 and net income of $92,535 after a one-time tax deferral adjustment of ($209,940). Pro forma financials for the acquisition will be filed as soon as practicable with the SEC.
Capstone's product development, domestic distribution, marketing expertise, overseas sourcing and product diversification is expected to positively contribute revenue growth in 2007. CHDT hopes that Capstone will bolster the non-power generator revenues of CHDT business lines and help diversify CHDT revenue sources. "We want to remain consistent with our strategic plan of dealing in products that can be distributed by existing channels, do not require extensive inventory and have a relatively short sales cycle," said Howard Ullman, Chief Executive Officer and President of CHDT. "Capstone complements our existing souvenir business by being mostly a direct sale to national or regional corporate customers," added Mr. Ullman.
About CHDT: CHDT is a public holding company acting, through its subsidiaries, as a distributor of commercial and residential standby power generators as a trading company focused on selling Chinese-made goods in North America, especially roofing tiles and promotional, souvenir and gift items.
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 management's current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the statements. The forward-looking statements may include statements regarding product development, product potential or financial performance. The fact that CHDT seeks or consummates investments in or acquisitions of other companies does not mean that such transactions will favorably affect CHDT's business or financial conditions -- in general or as forecasted. In fact, investments and acquisitions could have an adverse impact on CHDT. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. CHDT undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release and risks associated with any investment in CHDT, which is a "penny stock" company, should be evaluated together with the many uncertainties that affect CHDT's business, particularly those mentioned in the cautionary statements in current and future CHDT's SEC Filings, which statements CHDT incorporates by reference herein.