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China Direct Trading Corp. Launches Apparel Vertical Tuesday June 8, 7:01 am ET Company Establishes Joint Venture with Tower Associates
DAVIE, Fla., June 8 /PRNewswire-FirstCall/ -- China Direct Trading Corp. (OTC Bulletin Board: CHDT - News) a global trader of products to and from Asia, announced today that it has launched a division that will source apparel and textiles from China. Today the company created a joint venture with Tower Associates LLC, based in Havre de Grace, MD, which has developed expertise in the international sewn products industries, apparel manufacturing, and trade with China. The business will concentrate on sourcing as well as creating joint ventures with US and Chinese Apparel manufactures and retailers. ADVERTISEMENT
Principles in Tower Associates, LLC include Warren Hartenstine, former president of Kannegiesser USA and current president of the Services Group of the American Apparel and footwear Association's(AAFA) Supplier and Resource Division(SRD); Jack Smith, former Senior Vice President and Director of Hagger Apparel Company; Tom Ball, former Senior Vice President of Kuppenheimer and President of Private Line; Bob Murphy, former President of Grief Companies; and Pam Olson, formerly with IBM in International Marketing and Finance and former Vice President of Global Market Development for a fortune 500 pharmaceutical company.
China Direct is already working with several clients including a major US textile producer on production initiatives with China-based sources, and will officially launch it's initiative as a Sponsor at the first annual "Apparel Symposium & Sourcing Fair" at the Shanghai Exhibition Center, September 13 - 16, 2004. This pioneering event on sourcing and selling in post-quota China is produced jointly by Apparel Magazine, a VNU publication and the leading sewn products magazine in the US market, in conjunction with VNU Exhibitions Asia."
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Nope. $$$ tied up elsewhere. I'm growing gray hair waiting for PHSL to pop. Also played end of run on MBAH (I know, I know) so I'm waiting for that to rebound so that I can at least exit. I hope it does a TRPL or AISI rebound!
Still searching for a ????X bagger!
------------------ IMHO - GLTA - Reductio Ad Absurdum