June 01, 2004 08:31:00 (ET)

DAVIE, Fla., Jun 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- China Direct Trading Corp. (CHDT, Trade) announced today it has completed the last stage of its reverse merger on Dec. 31st, 2003 with the changing of its ticker symbol to CHDT. The company has a new profitable business, new management, and looks to grow through both increasing sales as well as through M & A activities. The company hired Colebrooke Capital this week to act as its investment banker for its M & A activities. 2004 1st quarter revenues were up 55% and income was up 472%. The company expects accelerated growth for the remainder of 2004. "We are anxious to have the opportunity to bring an exciting new business to our shareholders and look to increase shareholder value for years to come," said Howard Ullman, Chairman and CEO. For more info see the corporate website at http://www.chinadirecttradingco.com .

About China Direct:

China Direct Trading Corp. is a global trading company engaged in the development and distribution of manufactured goods, mostly souvenir and gift items, to theme parks, importers and retailers worldwide. The company is a conduit between Asia and the US and is currently working with customers in industries such as textiles, automobiles, health technology, and other sectors. The company has started a new subsidiary operation, named "China Pathfinder Fund, L.C., which operation will seek to assist U.S. companies that desire to move production or investments into China as well as helping Chinese firms grow through U.S. distribution and financial support. China Direct has a lean operating organization due to its focus on development and distribution to distributors while contracting manufacturing to established, trusted China contractors. For more information visit our corporate website at http://www.chinadirecttradingco.com .

FORWARD-LOOKING STATEMENTS

This press release includes "forward-looking statements" within the meaning of the federal securities laws. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Many factors are beyond CBQ, Inc.'s and its subsidiaries' control. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's existing and future filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

SOURCE China Direct Trading Corp.

Howard Ullman of China Direct Trading Corp., +1-954-474-0224
http://www.chinadirecttradingco.com