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China Direct Projected Revenues Up 2100% 5/1/2006
Q1 2006 Versus Q1 2005 Power Generator Sales Hit $4.2 Million in Q1 2006
COOPER CITY, FL, May 01, 2006 (MARKET WIRE via COMTEX News Network) -- China Direct Trading Corp. (OTC BB: CHDT) today announced preliminary top line revenue growth for the first quarter of 2006 ended March 31, 2006. Revenues for Q1 2006 were $4,400,102 versus $204,354 for Q1 2005 -- a 2100% increase. Q1 2006 results include $4,219,220 from the sale of power generators by Complete Power Solutions, LLC, a China Direct majority-owned subsidiary, (CPS). China Direct consolidates 100% of CPS' financial results into China Direct' SEC reported financial results. Actual financial results for Q1 2006 may vary based on auditor and other adjustments to the final, SEC-reported financial results.
"The exceptional revenue growth in Q1 2006 was driven by CPS sales of power generators," said Howard Ullman, CEO/President of China Direct. "We are pursuing expansion of that business; both in terms of geographical reach of the market and product diversification, as well as commencing sales of our roofing tiles in Q2 2006 in an effort to sustain if not further accelerate revenue growth throughout FY 2006. We look forward to reporting final results for the first quarter on or before May 15, 2006 and we will also conduct an investor conference call on May 15, 2006 to discuss overall corporate performance and developments with respect to each our subsidiaries."
CPS recently announced the doubling of their sales and support infrastructure to meet market demand for standby power generation in South Florida.
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
RSI 70 - .0385 1st resistence - .0333 2nd resistance - .0347 Should gap past both resistence levels i would think. Matto - what are you looking for here?
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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Thanks Matto. After the reaming I took last week I'm hanging my head a little. With that ask jumping gonna be tough to get in. I'm gonna see if I can get Buzzy in here.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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warning - CHDT was spammed all weekend - I got around 30 emails with buy-buy-buy . will in and out in the first 30-40 min...
Posts: 420 | From: Canada | Registered: Feb 2006
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quote:Originally posted by matto: why warning great news? look at the chart
just a warning, not bashing at all. was burn on IPKL and similar with good news as well...
Posts: 420 | From: Canada | Registered: Feb 2006
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posted
Let's break .06 here. This thing moved so fast I left to get something to drink and it was at .058, while I was gone it went to .064 and dropped back to .057.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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China Direct Projected Revenues Up 2100%
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. will in and out in the first 30-40 min...
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