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China Direct Trading Reports Record Monthly Sales of $688,000 2/27/2006
Projects First Quarter FY2006 Gross Revenues of $2.2 Million From Power Generator Sales
COOPER CITY, FL, Feb 27, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (OTC BB: CHDT) (CHDT) announced today record monthly gross revenues of $688,000 for January 2006. The sale of power generators by Complete Power Solutions (CPS), a subsidiary of CHDT, accounted for $610,000 of the sales for the month. The January 2006 gross revenue figure is a 940% increase over total gross revenues of $73,000 for all CHDT operations for the entire first month of FY2005.
Based on current consumer demand for power generators and the January 2006 sales results, CHDT is projecting first quarter FY2006 gross sales of $2.2 Million in power generators and $250,000 in sales from Souvenir Direct Inc. giving the company projected combined revenues of 2,450,000 for the first quarter of 2006.
CPS is a Full-Service Authorized Guardian Dealer and Exclusive Home Depot Supplier in Broward and Palm Beach areas providing residents and commercial establishments within the State of Florida with Automatic Standby Generators. The company offers a turnkey power solution from sales, permitting, delivery, installation, maintenance and service of generators including the fuel tanks. They also sell a Pre-Engineered 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. All products can be seen at www.completepower247.com
China Direct Trading Corp. (www.chinadirecttradingco.com) is a holding company creating vertical subsidiaries that involve trade between the US and China. One subsidiary, Souvenir Direct Inc. (SDI), is engaged in product development, manufacturing, distribution, logistics, and product placement into mass retail of souvenir and gift items in 29 countries. 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 is a majority-owned subsidiary engaged in a turnkey solution for standby power generation.
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940% increase over total gross revenues of $73,000 for all CHDT operations for the entire first month of FY2005.
