Press Release Source: China Direct Trading Corp.
China Direct Trading Corp. Signs Multi-Million Dollar Agreement to Supply 500 Chinese-Made Generators Monday September 26, 7:30 am ET Company Signs a Five-Year Exclusive Agency and Distribution Agreement
DAVIE, Fla., Sept. 26, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTC BB:CHDT.OB - News) (China Direct), a U.S.-Chinese trading company, today announced that it has received an initial purchase order commitment from Complete Power Solutions, LLC of Florida (CPS), a distributor of electrical generators, for the shipment of 500 Chinese-made, LP gas-powered, electrical generators over the next 12 months worth a total value between three to five million dollars. China Direct will receive it's initial order for 100 generators this week. China Direct expects the initial order to ship within three to four months, after the generators receive a contractually required Universal Laboratory/UL approval. The 20KW to 50KW generators are designed to run an entire home or business. ADVERTISEMENT
China Direct and CPS recently signed a five-year exclusive agency and distribution agreement for the generators on September 22, 2005. CPS intends to sell the generators to retail operations and business and governmental end users in the U.S., especially in the South and Gulf Coast region. China Direct is seeking other domestic distribution agreements for generators, which are produced by China Direct's exclusive generator manufacturers in China and range in size from small household generators to large industrial generators for heavy equipment and buildings.
Howard Ullman, CEO/President of China Direct, said, ``This first order shows customer confidence in our ability to provide a quality product that is very competitively priced and often deliverable well in advance of comparable U.S.-made products. This order reflects the successful initial return on our recent efforts to expand our core business line into higher profit margin Chinese-made equipment. We are excited by this major breakthrough for our diversification efforts.'' In light of the recent property devastation created by this hurricane season China Direct is also seeking to distribute Chinese-made roofing tiles in the U.S., especially the Gulf Coast region.
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