China Direct Reports $9.5 Million in August 2006 Generator Sales Contracts September 15, 15:30 pm ET
COOPER CITY, FL--(MARKET WIRE)--September 15, 2006 -- China Direct Trading Corp. (OTC BB:CHDT.OB - News) today announced that its Complete Power Solutions (CPS) subsidiary had total contracted generator sales for August 2006 of $9.5 million, which surpasses the total for the entire three months of the first quarter of FY 2006 of $4.2 million.The default rate for generator contract sales for the period January 2006 through July 2006 has remained at a low one percent of total contract sales.
"Consumer demand continues to run high for Complete Power Solutions' generators and we have invested in the inventory and installation personnel qualification that will enhance CPS' ability to fill generator sales contracts in a timely manner," said William Dato, CPS President. "CPS proprietary pre-formed low-vibration generator slabs have proven to be an extremely popular sales item to other standby power providers," he added.
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.
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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. Sales results for any period are not necessarily indicative of future sales or future sales growth. 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.
ITEM 8.01 OTHER EVENTS Howard Ullman, Chief Executive Officer and President of China Direct Trading Corp. (China Direct), provided funding today $900,000 to China Direct. The funding can be used by China Direct for general working capital, inventory, acquisitions, or business development. The funding was made as a loan under a promissory note with 8% per annum simple interest and a term of 12 months and whereby Mr. Ullman could be repaid either in cash or shares of China Direct Common Stock (at a conversion rate based on seven cents).
Posted by Madge on :
I sent CPS an email requesting confirmation. Will post any response received.
Posted by 10of13 on :
Nope...I am not finding that news from above any where, the last news I am able to find is this one..sorry no link...It's from my etrade account...perhpas they will "PR" something from their last filing...
CEO Exchanges Common Stock for Series H Prefered Stock Market Wire - September 11, 2006 7:20 AM ET
Related Quotes Symbol Last Chg CHDT Trade 0.08 0.00 Quotes delayed at least 15 minutes
China Direct Trading Corporation, a Florida corporation (OTCBB: CHDT) (CHDT) announced today that it had entered into an agreement with Howard Ullman, CHDT Chief Executive Officer and President, whereby Mr. Ullman agreed to exchange 20 million of his shares of CHDT Common Stock for 20 million shares of a newly-created class of Series H Preferred Stock, $0.10 par value. The sole purpose of the transaction was to reduce the issued and outstanding shares of Common Stock. The Series H Stock provides for the same voting rights and has equal liquidation and dividend distribution rights as the Common Stock. The Series H Stock has no redemption or exchange rights, but is convertible into shares of Common Stock on a one for one basis upon demand of the shareholder. The exchange should be consummated on or before September 15th, 2006.
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) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items several countries. None of the web site URLs listed in this press release are incorporated into or are part of this press release.
Posted by Peaser on :
Series H stock...
Geez, any idea how many series of stock they have ten?
Multiple series' of stock is all I needed to know. The red flag just popped up.
Posted by 10of13 on :
No clue Peaser... the CEO has "helped $" wise very often... Most were looking at this stock as a "hurricane" play... we all know how "those" plays panned out the season...
Posted by Peaser on :
Yup. With the possibility of el nino keeping the hurricanes at bay this year, oil prices should continue to drop IMO.
Posted by visiblecat on :
Where is the hurricane ?
Posted by Peaser on :
West of Africa Posted by Bearclaw on :
China Direct Acquires Capstone Industries, Inc.
By Market Wire Last Update: 9/18/2006 8:03:40 AM Data provided by
COOPER CITY, FL, Sep 18, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (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.
Posted by visiblecat on :
nice news gapping already
Posted by Bearclaw on :
SEC filing this morning to exchange 20 million shares..
Stewart Wallach, CEO of Capstone Industries, Inc., Joins China Direct Board of Directors
By Market Wire Last Update: 9/20/2006 7:48:09 AM Data provided by
FT. LAUDERDALE, FL, Sep 20, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (CHDT) (China Direct or CHDT) announced today the appointment of Stewart Wallach, the Chief Executive Officer of Capstone Industries, Inc. (CAP), to the board of directors of China Direct.
Mr. Wallach formed and sold Systematic Marketing, Inc., which developed and marketed products to mass markets, to Sagaz Industries, Inc., an automotive parts producer for consumers. He served as president of Sagaz Industries for 10 years before forming CAP. In 1998, Mr. Wallach co-founded Examsoft Worldwide, Inc., which has developed and successfully delivered software technology solving security challenges of laptop-based examinations for major educational institutions and state bar examiners. From 2002, he, through Systematic Development Inc., has provided executive management services to Gatekeeper Business Solutions to assist in its growth. Gatekeeper Business Solutions is a company providing leading-edge technology for effective labor management and payroll services software to small and medium-sized businesses. Mr. Wallach currently is a shareholder and director of Systematic Development Incorporated and Examsoft Worldwide, Inc., serves as a director for Gatekeeper Business Solutions and is Chief Executive Officer at Capstone Industries, Inc.
"The addition of an experienced executive and marketing professional like Stewart Wallach will assist China Direct in growing its consumer products business lines, Capstone and Souvenir Direct," said Howard Ullman, Chief Executive Officer and President of China Direct. "His experience in selling to national retailers will hopefully help us expand the markets for our non-power generator business lines and develop that business line into a strong profit center for China Direct," added Mr. Ullman.
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. Capstone's product development, domestic distribution, marketing expertise, overseas sourcing and product diversification is expected to positively contribute revenue growth in 2007. China Direct hopes that Capstone will bolster the non-power generator revenues of CHDT business lines and help diversify China Direct 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. "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 general trading company focused on, but not limited to, selling Chinese-made goods in North America, especially building materials, promotional products, and souvenir and gift items.
Posted by Madge on :
quote:Originally posted by Bearclaw: SEC filing this morning to exchange 20 million shares..
Good news, The 13D amendment clarifies NO news series will be issued in exchange for the 20 mil shares. The shares issued will be 300,030 of series B preferred stock vice 20,000,000 of series H.
Posted by J_U_ICE on :
moving on news
Posted by J_U_ICE on :
COOPER CITY, FL -- (MARKET WIRE) -- 09/27/06 -- China Direct Trading Corp. (OTCBB: CHDT) subsidiary Complete Power Solutions (CPS) today announced that it has retained complete ownership of standby power provision operations in Miami and Naples, Florida. Company management had previously announced that it would create majority-owned subsidiaries in both areas but has since decided that given the close proximity of both markets the company and its customers would be better served with CPS retaining total control over marketing, installation and quality assurance.
"We have made such strides in building our sales, service, support and permitting infrastructure that we have decided we don't need full partners in the Miami and Naples markets," said Bill Dato, CEO, Complete Power Solutions. "Over the past 45 days we have been very successful in selling and installing generators in Miami and as a result we have decided that there is no reason for the company to give up sales or profits to a local partner. We are now ready to go in Naples using the exact same model. As we establish CPS operations farther away we will create joint venture alliances to meet the needs of those regions, but in Miami and Naples we have the leads, personnel and systems to grow results quite nicely in both those markets without splitting the profits. We will also be able to maintain our iron grip on quality assurance keeping control of those areas.
"We are seeing many smaller competitors fall by the wayside because they have not made the infrastructure and inventory investment we have. Interestingly enough, we have many of our remaining competitors buying generators and slabs though CPS because we do have the systems and inventory to meet their needs," concluded Mr. Dato.
To meet growing demand in Miami and Naples, Complete Power Solutions is actively interviewing licensed and bonded Electrical, LP & Natural Gas Engineers interested in working with the company. CPS of Miami operates in Southern Broward and Dade counties of Florida, which include the cities of Miami, Miami Beach, Coral Gables, Westin, Hollywood, Dania, Hialeah and South to Key Largo. CPS Naples will handle sales from Naples North to Ft. Myers. CPS of Pompano Beach will remain the headquarters for all CPS subsidiaries managing advertising, the customer call center, and all backend permitting preparations. The company generated sales of $11,000,000 and completed $6,000,000 in installations during the first six months of 2006.
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) and Capstone Industries (CI) (www.capstoneindustries.com) are companies engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir, gift, and book light items. 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 relies on outside investment to expand its operations. Such financing may not be available on affordable terms or at all in the future to sustain or grow such new operations and such operations may not generate sufficient income to fund operations and growth. Further, the fact that China Direct is establishing new operations is not an indicator of the future success by China Direct or by any such operation. China Direct and such new operations may lack sufficient management and sales personnel and resources to achieve or sustain revenues necessary to the survival of such new operations and each such new operation further strains China Direct's existing, limited management personnel and resources. 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.
Contact: Rich Schineller 941.918.1913 rich*chdt.us
Posted by 10of13 on :
Movin' nice...up a penny...Let's keep goin'.... Posted by BooDog on :
quote:Originally posted by 10of13: Movin' nice...up a penny...Let's keep goin'....
micro-thread visitors always welcome!! hiya 10! chuckle chuckle chuckle
Posted by 10of13 on :
Hey Boo...just cause I don't post does not mean that I don't read...and play...
It's about time this pup turned up!
Posted by BooDog on :
I hear ya. I try to stay out of the BIG stock threads.
Posted by 10of13 on :
I never used to post up there... there were scarey creatures but they are all gone now... LOL
quote:Originally posted by BooDog: I hear ya. I try to stay out of the BIG stock threads.
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gapping already
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LOL