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I may be wrong, more times than I would admit. But, this company is building a new management team, turning a new leaf, and starting to do some accountable business.
Insider trade is 700K * .069 = $48,300
JW - Who is Shakerzz?
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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10 Cents Soon?? Then who know what? I do own this stock and try to buy and seel on swings. May be good stock for any long holders.
New analyst coverage: Tip Reporter, Streetinvesting and Marketgainer.
Tipreporter: Tipreporter Newsletters Pick CHDT
M2 02:44 a.m. 06/21/2006
Irvine, Ca., Jun 21, 2006 (M2 PRESSWIRE via COMTEX) -- Tipreporter.com provides micro-cap investors with comprehensive tracking of over 150 newsletters and email services. This service is free to investors and may be accessed at www.tipreporter.com . Companies picked by Tipreporter covered newsletter include:
China Direct Trading Corporation (CHDT) was picked by newsletters covered by Tipreporter. CHDT is engaged in trading Chinese manufactured goods in North America and in business development in China and in North America for foreign companies. CHDT stock has gone up 11.119% with a daily volume of 2,184,200 shares. Visit www.tipreporter.com to view which newsletters picked this stock.
Eric Johnson, President of Tipreporter remarked, "We have for many years provided investors on the bulletin board and pink sheets with data demonstrating the performance of micro-cap newsletters. Our new website allows investors to readily determine which Investor Relation firms are successful in the stock market. Our "My Tips" tool, allows investors to customize their search to their own individual needs. For example, an investors interested in newsletters generating a 50% return, with average daily volume of over 100,000 shares, is provided this information instantly." All of this is free. Come visit us at www.tipreporter.com .
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
Jun 21, 2006 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com is the author of this release. Our goal is to educate, inform and initiate a creative philosophy of investment tactics. This release is a result of China Direct Trading Corporation's (0TCBB:CHDT) latest corporate developments and their recent trading activity, up 12.50% on Tuesday, with 2,469,850 shares traded by the toll of the day's closing bell. Streetinvesting.com strives to help investors seek a diversified portfolio by introducing techniques to help grasp a better understanding and concept of the market and the daily activities that a company experiences. To learn more and become part of the acclaimed online financial newsletter community, visit www.streetinvesting.com for a complimentary subscription.
China Direct 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 across the globe.
In the most recent news to surface surrounding the Company, China Direct Trading Corporation announced Monday that the physical properties test results for Overseas Building Supply's (OBS) China-manufactured Clay Roofing Tiles had been accepted by Metro-Dade County Product Approval Dept.
OBS is in the final stages of the assembly process testing that is required for complete Metro-Dade County acceptance (NOA-Notice of Acceptance) and the company expects to have a successful report on the most popular assembly process, foam, by Monday of next week. Final assembly testing involves building mock-up roofs to show how the tiles are installed using the three most commonly used methods: foam, nails and mortar.
Acceptance of the foam assembly process test results will allow OBS to begin selling their tiles throughout the United States except for Metro-Dade and Broward Counties. Upon receipt of the final assembly test results the company will submit to Metro-Dade in order to receive a NOA for their tile. Upon receipt of NOA the company may then sell both Dade and Broward Counties.
In regards to this development, Howard Ullman, Chairman and CEO of China Direct Trading Corp, stated, "Our tiles were designed specifically to meet or exceed the exacting standards of the most demanding building code environment in the country (Metro-Dade County)." He then continued on, adding, "We have been very pleased with the responsiveness of the officials there and look forward to working closely with them and our testing firm, IRT, to provide the final assembly testing information required for full Metro-Dade County acceptance." OBS tiles surpassed the basic physical requirements for compression, permeability and absorption required for Dade County code approval. At current production capacity OBS can deliver up to 2.5 million tiles per month at an average price of $2.00 each.
Since the beginning of May this Company has...
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(C)1994-2006 M2 COMMUNICATIONS LTD
++++++++++++++++++++++++++++++++++++++++++++++++
****************: Updates on China Direct Trading Corporation
M2 12:46 p.m. 06/19/2006
Jun 19, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought China Direct Trading Corporation (CHDT) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
Shares up 15% to a high of $.077 on the bulletin boards Monday. Momentum comes as China Direct Trading Corporation today announced that the physical properties test results for Overseas Building Supply's (OBS) China-manufactured Clay Roofing Tiles have been accepted by Metro-Dade County Product Approval Dept.
OBS is in the final stages of the assembly process testing that is required for complete Metro-Dade County acceptance (NOA-Notice of Acceptance) and the company expects to have a successful report on the most popular assembly process -- foam -- within the next seven days. Final assembly testing involves building mock-up roofs to show how the tiles are installed using the three most commonly used methods: foam, nails and mortar.
Acceptance of the foam assembly process test results will allow OBS to begin selling their tiles throughout the United States except for Metro-Dade and Broward Counties. Upon receipt of the final assembly test results the company will submit to Metro-Dade in order to receive a NOA for their tile. Upon receipt of NOA the company may then sell both Dade and Broward Counties.
"Our tiles were designed specifically to meet or exceed the exacting standards of the most demanding building code environment in the country -- Metro-Dade County," said Howard Ullman, Chairman and CEO of China Direct Trading Corp. "We have been very pleased with the responsiveness of the officials there and look forward to working closely with them and our testing firm, IRT, to provide the final assembly testing information required for full Metro-Dade County acceptance."
OBS tiles surpassed the basic physical requirements for compression, permeability and absorption required for Dade County code approval. At current production capacity OBS can deliver up to 2.5 million tiles per month at an average price of $2.00 each.
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 a 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 are incorporated into or are part of this press release.
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All material herein was prepared by based upon information believed to be reliable. The information contained herein is not guaranteed by Market Gainer to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Market Gainer is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
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(C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Jason. I don't think CHDT will be a NDOL. But it would be nice! Wow! Looks like NDOL may be at a buy point for a short hold. CHDT has found a good market in Florida for Hurricane issues. Point to remember - If Florida has a mild hurricane season this year, the company products may not be in much demand. I lived in Florida two years ago, it was amazing driving into coastal cities and seeing practically every roof on every building needing repair. And it was very nice having a generator for air conditioning two days after a hurricane. CHDT supplies both Generators and roofing products.
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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Realistically this can be a .25-.50 stock no problem. Its a pinksheet with actual numbers. Do the DD.
Posts: 720 | Registered: May 2004
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I live in Florida also and the last 2 years with 6 hurricanes lead me to believe just 1 hurricane will make us a lot of money.
Between the mad dash for generators on the news and then the stores having to restock and buy extra in anticipation alond with roffing materials...I hate to say it but the more hurricanes the merrier (from an investment standpoint).
Posts: 2498 | Registered: Mar 2006
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We should fall to between 72 and 75 today. Today is the last chance to get in before we test .105. With approval next week we will be looking for .20.
-------------------- One wrong move and you're eatin bag-nasties just to survive! Yahoo Messenger: Jason52907 Posts: 707 | From: midwest | Registered: Mar 2006
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Tex, they mentioned the Metro-Dade County acceptance (NOA-Notice of Acceptance)
China Direct Clay Roof Tile Physical Properties Tests Accepted by Metro Dade County Related Stocks CHDT
COOPER CITY, FL -- (MARKET WIRE) -- 06/19/06 --
China Direct Trading Corporation (CHDT - news) today announced that the physical properties test results for Overseas Building Supply's (OBS) China-manufactured Clay Roofing Tiles have been accepted by Metro-Dade County Product Approval Dept.
OBS is in the final stages of the assembly process testing that is required for complete Metro-Dade County acceptance (NOA-Notice of Acceptance) and the company expects to have a successful report on the most popular assembly process -- foam -- within the next seven days . Final assembly testing involves building mock-up roofs to show how the tiles are installed using the three most commonly used methods: foam, nails and mortar.
Acceptance of the foam assembly process test results will allow OBS to begin selling their tiles throughout the United States except for Metro-Dade and Broward Counties. Upon receipt of the final assembly test results the company will submit to Metro-Dade in order to receive a NOA for their tile. Upon receipt of NOA the company may then sell both Dade and Broward Counties.
"Our tiles were designed specifically to meet or exceed the exacting standards of the most demanding building code environment in the country -- Metro-Dade County," said Howard Ullman, Chairman and CEO of China Direct Trading Corp. "We have been very pleased with the responsiveness of the officials there and look forward to working closely with them and our testing firm, IRT, to provide the final assembly testing information required for full Metro-Dade County acceptance."
OBS tiles surpassed the basic physical requirements for compression, permeability and absorption required for Dade County code approval. At current production capacity OBS can deliver up to 2.5 million tiles per month at an average price of $2.00 each.
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 a 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 are incorporated into or are
Posts: 1176 | Registered: Dec 2004
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CHDT is my favorite play in the entire market. The revenue projections this one could have are out of this world for such a tiny stock.
Posts: 720 | Registered: May 2004
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Checkout the recent coverage of this stock. May not be on the < 10 cents board much longer. The Bellwether Report, U.S. Equity News, Market Gainer.com, StockMarketNewsAlert.com, EventX/Knobias.com, TwinTrader.com, otcstockexchange.com, www.babybulls.com
Last week CHDT was in US Equity news, while mentioned with Walmart, Costco, and Target.
U.S. Equity News: Wal-Mart to Revamp Database and Target: June Sales at Top-End of Range ------------------------------------------------- M2 08:10 a.m. 06/23/2006
Jun 23, 2006 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA - Specialty Retail industry alert provided by U.S. Equity News. Wal-Mart Stores Inc. (WMT) will update its trademark computer information system for suppliers to make it easier to use, a senior company official said Thursday. The new system will include graphics and a summary "dashboard" to help the vendors, who sell products to Wal-Mart, sort through mountains of data on details of those products, sales and stores. Wal-Mart's changes in Retail Link are aimed at making it easier to analyze sales information and come up with better product and marketing ideas. Shares of Costco Wholesale Corp. (COST) gained Tuesday after one investment firm upgraded the retail warehouse club, foreseeing expanding margins and continued same-store sales superiority over competitors. JPMorgan analyst Charles Grom believes the company will expand its earnings before interest and taxes margin to 3.6 percent by 2010 from its present 2.8 percent to 2.9 percent.
Target Corp. (TGT), the nation's second-largest discount retailer, said June sales at stores open at least one year are trending toward the upper half of the company's 3 percent to 5 percent projected range. In a recorded message Monday, the Minneapolis-based company said the forecast covers the May 28 to July 1 period. Same-store sales for the five-week June 2005 period rose 9 percent. Target plans to report actual June sales results on July 6. China Direct Trading Corp. (OTC BB:CHDT) recently announced that its Complete Power Solutions (CPS) subsidiary has hired Joseph Barlotta III as Vice President of Field Operations with responsibility for heading standby power electrical and gas installations. Mr. Barlotta has over 22 years of experience in large scale utility installations, managing crews of up to 80 utility and gas pipeline installation and maintenance personnel.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com .
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. ( www.equityirsolutions.com ) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD ********************************************************************** As of Monday, 06-19-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 06-20-2006 for COST * $54.79. As of Monday, 06-19-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-15-2006 for TGT * $49.25. As of Monday, 06-19-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 05-10-2006 for WMT * $47.77. (C) 2006 Comtex News Network, Inc. All rights reserved.
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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Finshed up 11% to .09!!!
Posts: 1176 | Registered: Dec 2004
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imakmony2005
unregistered
posted
6/28/2006
Jun 28, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought China Direct Trading Corp. (OTCBB:CHDT) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
Shares up 8% to $.088 of on the Bulletin Boards Wednesday. Momentum comes as China Direct Trading Corp. (OTC BB:CHDT.OB - News) will be featured on a radio interview on www.***.com at 8:30 am Central Time this Friday, June 30th, 2006. *** is a leading microcap investor media portal and interested parties may go to www.***.com and download the free player enabling them to listen in for management's review of operations and discussion of future prospects. The live broadcast is available to anyone at any computer connected to the internet.
About ***.com
***.com is an online news destination that brings real microcap news to investors and features live interaction with companies from the Bulletin Board, Pink Sheets, and Amex. Featuring Live Press Conferences, All-Day Live Trading Commentary, Analyst Profiles, Interactive Forums, News Items, and "The Micro****," ***.com gives microcap investors the information source necessary to trade in the markets. ***.com boasts being the largest true news company reporting on microcap-traded stocks.
About China Direct Trading Corp.:
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 a 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.
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U.S. Equity News: J. Crew Shares Rise in Market Debut and China Direct to Be Featured on ***.com Interview 6/28/2006
Jun 28, 2006 (M2 PRESSWIRE via COMTEX News Network) -- City of Industry, CA - Consumer good industry news update provided by U.S. Equity News. Shares in J. Crew Group Inc. (NYSE:JCG) rose in their market debut Wednesday, in another big investor vote of confidence in the preppy retailer a day after its initial public offering priced above the forecast range. The shares rose $5.05 to $25.05 in morning trading on the New York Stock Exchange. Profit improved nearly 7 percent for packaged-food company ConAgra Foods Inc. (NYSE: CAG) during the fourth quarter despite a dip in revenue, helped by gains from shedding its ham and seafood businesses, the company reported Wednesday.
China Direct Trading Corp. (OTCBB: CHDT) will be featured on a radio interview on www.***.com at 8:30 am Central Time this Friday, June 30th, 2006. *** is a leading microcap investor media portal and interested parties may go to www.***.com and download the free player enabling them to listen in for management's review of operations and discussion of future prospects. The live broadcast is available to anyone at any computer connected to the internet. Kellogg Company (NYSE: K) is extending its popular Special K product line into the diet and nutrition sections of grocery and drug stores with the launch of three innovative, protein-fortified products designed to meet consumers' evolving shape management needs: Special K20(TM) Protein Waters, Special K(TM) Protein Snack Bars and Special K(TM) Protein Meal Bars. They will be available in November and are the first products to come from the company's new Health & Wellness Division.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com .
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD 6/28/2006
COOPER CITY, FL, Jun 28, 2006 (MARKET WIRE via COMTEX News Network) -- China Direct Trading Corp. (OTCBB: CHDT) will be featured on a radio interview on www.***.com at 8:30 am Central Time this Friday, June 30th, 2006. *** is a leading microcap investor media portal and interested parties may go to www.***.com and download the free player enabling them to listen in for management's review of operations and discussion of future prospects. The live broadcast is available to anyone at any computer connected to the internet.
About ***.com
***.com is an online news destination that brings real microcap news to investors and features live interaction with companies from the Bulletin Board, Pink Sheets, and Amex. Featuring Live Press Conferences, All-Day Live Trading Commentary, Analyst Profiles, Interactive Forums, News Items, and "The Micro****," ***.com gives microcap investors the information source necessary to trade in the markets. ***.com boasts being the largest true news company reporting on microcap-traded stocks.
About China Direct Trading Corp.:
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 a 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.
Weston, FLA., Jun 28, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Wall Street News Alert's "stocks to watch" this morning are: Material Technologies Inc (OTCBB: MTNA), Kaiser Aluminum Corporation (OTCBB: KLUCQ), China Direct Trading Corporation (OTCBB: CHDT), Insteel Industries, Inc. (NASDAQ: IIIN) and Homeland Integrated Security Systems, Inc. (OTC: HISC). China Direct Trading Corporation (OTCBB: CHDT) up 3.8% on 4.1 million shares traded.
China Direct 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. China Direct Trading Corporation recently announced that industry-leading testing firm IRT has completed the foam assembly process testing for the China-manufactured Clay Roofing Tiles to be sold by China Direct's Overseas Building Supply (OBS) subsidiary. 6/28/2006
Jun 28, 2006 (M2 PRESSWIRE via COMTEX News Network) -- City of Industry, CA - Construction industry alert provided by U.S. Equity News. Lennar Corp. (NYSE:LEN), the No. 3 U.S. home builder, on Monday posted a better-than-expected 33 percent rise in quarterly profit, but new orders slipped during the period and Lennar cautioned the second half would be even tougher as the housing market slows. Net income rose to $325 million, or $2 a share, in the second quarter ended May 31, from $244 million, or $1.48 a share, a year earlier. China Direct Trading Corporation (OTC BB: CHDT) recently announced that industry-leading testing firm IRT has completed the foam assembly process testing for the China-manufactured Clay Roofing Tiles to be sold by China Direct's Overseas Building Supply (OBS) subsidiary. Final foam assembly testing results show that the company's clay roofing tile exceeded Metro-Dade County acceptance requirements for adhesion with foam by a magnitude of two times.
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China Direct to Launch New Complete Power Subsidiaries in Miami and Naples, Fl
Internet Wire via COMTEX
Jun 29, 2006 8:15:23 AM
Chairman Loans $250,000 for Quick Expansion
COOPER CITY, FL, Jun 29, 2006 (MARKET WIRE via COMTEX News Network) --
China Direct Trading Corporation (OTCBB: CHDT) today announced that it is loaning $250,000 to Complete Power Solutions (CPS) to finance the opening of two new Complete Power Solutions subsidiaries to be located in Miami and Naples, Florida. Chairman and CEO, Howard Ullman, has loaned the company the funds at a 7% interest rate in order to quickly launch these companies within the next 30 to 60 days.
China Direct will control 60% percent of Complete Power of Miami and 60% percent of Complete Power of Naples, and 40% ownership will go to the licensees. The new subsidiaries will purchase all generators, CPS' proprietary STC rated preformed slabs, and will also be able to offer their licensees CPS' heralded back-office support infrastructure, including permit package preparation and engineering. CHDT will consolidate 100% of all financials of its subsidiaries.
CPS (www.completepower247.com) is a majority-owned China Direct subsidiary engaged in turnkey solutions for standby commercial and residential power generation. For more information on becoming a licensee contact Rich Schineller at 941-918-1913 or rich*chdt.us
Howard Ullman, China Direct CEO, said, "Complete Power is on track to generate $20 million in revenue this year in just two counties of South Florida. Complete Power Miami will expand our reach from South Broward to Dade and Monroe counties and Complete Power Naples will cover the Florida West Coast from Naples to Ft. Meyers. We have developed a solid and proven sales model and we will continue to expand our operations throughout the state of Florida as well as other states. We are enthused with the opportunity to invest in CPS to expand their growth and also enjoy the economies of scale and the dynamics inherent in an expansion at this level."
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 are incorporated into or are part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "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. Actual results may differ materially from those anticipated results set forth in the statements. The forward-looking statements may include statements regarding consumer demand, product orders, product development, product potential or financial performance. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. China Direct undertakes 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, should be evaluated together with the many uncertainties that affect our business, particularly those mentioned in the cautionary statements in current and future China Direct SEC Filings, which statements we incorporate by reference herein.
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