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[QUOTE]Originally posted by mnvestor: [QB] 0.166 China Direct Forms Complete Power Solutions of Miami Subsidiary Update: 7:21 AM ET Jul 13, 2006 COOPER CITY, FL, Jul 13, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (CHDT : china direct trading corp com News , chart, profile, more Last: 0.17-0.02-9.84% 10:13am 07/13/2006 Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: CHDT0.17, -0.02, -9.8%) ("China Direct" or "CHDT") today announced that it has signed a 20-day letter of intent with, and has received a $50,000 good faith earnest money deposit from minority investment partners, to form its second new power generator sales subsidiary: "Complete Power Solutions of Miami" (CPSM). CPSM will sell power generators 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. We expect CPSM to fully operational by August 15, 2006. The minority investment partners include: (1) Michael Burchell, Ben Walker, and Joe Cangiano, who combined have some 60 years of extensive experience in electrical contracting and excavation skills (such skills are necessary for the expeditious installation of new power generators and support of overall CPS business statewide); and (2) Howard Ullman and Jeff Postal, who are the CEO/President/Chairman of the Board and a director, respectively, of CHDT. The minority partners will contribute a total of $300,000 in start-up capital to launch CPSM. CPSM will purchase all of generators, cement slabs, and engineering services from CHDT's majority owned subsidiary, Complete Power Solutions, LLC, Pompano Beach, and Fl. "The formation of CPSM follows our current business model of expanding the geographical market for our power generator sales operations by forming new majority-owned subsidiaries with local investor/partner groups. We are currently seeking and interviewing potential future partners and doing regional market assessments in Florida, The Gulf Coast and the Northern Virginia-Washington, D.C. region to determine where and when new subsidiaries might be launched. Our goal is to establish three to six new power generator subsidiaries this year," said Howard Ullman, CHDT CEO/President. RADIO INTERVIEW: Howard Ullman will be featured in a live radio interview on [URL=http://www.***.com]www.***.com[/URL] at 9:00 am Eastern Time today, Thursday, July 13, 2006. *** is a leading microcap investor media portal and interested parties may go to [URL=http://www.***.com]www.***.com[/URL] and download the free player that will allow them to listen to the interview. The live broadcast is available to anyone at any computer connected to the Internet. About China Direct: China Direct ( [URL=http://www.chdt.us)]www.chdt.us)[/URL] 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 ( [URL=http://www.completepower247.com)]www.completepower247.com)[/URL] is a majority-owned subsidiary engaged in turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) ( [URL=http://www.souvenirdirect.com)]www.souvenirdirect.com)[/URL] is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift 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 SOURCE: China Direct Trading Corp. [/QB][/QUOTE]
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