posted
China Direct Reports $4.8 Million in April & May 2006 Generator Sales Contracts a 3,800% Increase over 2005 Sales
COOPER CITY, Fla., June 7 /PRNewswire-FirstCall/ -- China Direct Trading Corp. (OTC Bulletin Board: CHDT) today announced that its Complete Power Solutions (CPS) subsidiary had total contracted generator sales for April and May 2006 of $4.8 million, which surpasses the total for the entire three months of the first quarter of FY 2006 of $4.2 million. The default rate for generator contract sales for the period January 2006 through May 2006 has remained at a low two percent of total contract sales.
"Consumer demand continues to run high for Complete Power Solutions' generators and we have invested in the inventory and installation personnel qualification that will enhance CPS' ability to fill generator sales contracts in a timely manner," said William Dato, CPS President. "CPS proprietary pre-formed low-vibration generator slabs have proven to be an extremely popular sales item to other standby power providers," he added. Q1 2006 Versus First Two Months Q2 2006 Contracted Generator Gross Sales (1) (Unaudited)
Q1 2006 First Two Months Q2 2006
(April & May)
Complete Power Solutions
Gross Sales $3,150,000 $3,442,431
Gross Sales to Retailers $1,050,000 $1,385,600
------------- --------------
Total Contracted Generator Gross
Sales for stated period $4,200,000 $4,828,031
(1) Contracted generator sales represent the face value of generator
installation contracts signed during the reported period, final
revenue recognition for quarterly reporting purposes is determined by
completed generator installations and related receipt of purchase
price.
NOTICE: Actual financial results will vary based on auditor and other adjustments to the final audited and SEC-reported financial results. CPS receives forty percent deposit upon signing of each generator installation contract, forty percent upon delivery and the remainder upon completion of installation.
About China Direct: China Direct (http://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 (http://www.completepower247.com) is a majority-owned subsidiary engaged in turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) (http://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.
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. Sales results for any period are not necessarily indicative of future sales or future sales growth. No forward- looking statement is or can be guaranteed. 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. The sale of power generators can be affected by a number of factors that are beyond the control of China Direct or CPS, including seasonal sales cycles, availability of affordable inventory financing, predatory pricing by competitors and weather conditions. 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.
SOURCE China Direct Trading Corp.
Contact Information: Rich Schineller of China Direct Trading Corp., +1-941-918-1913, rich*chdt.us
posted
China Direct Projected Second Quarter 2006 Revenues Up 2300%
COOPER CITY, Fla., July 6 /PRNewswire-FirstCall/ -- China Direct Trading Corp. (OTC Bulletin Board: CHDT) today announced preliminary top line revenue growth for the second quarter of 2006 ended June 30, 2006. Revenues for Q2 2006 were $6.8 million, an increase of over 2300 percent as compared to revenue of $292,182 reported for Q2 2005. On a sequential basis, Q2 2006 projected sales represent an increase of 54 percent over Q1 2006 sales of $4,400,102.
Q2 2006 results include $6,500,000 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 Q2 2006 may vary based on auditor and other adjustments to the final, SEC-reported financial results.
"We are very pleased with the continual growth and success of Complete Power Solutions and will continue to invest in the systems and services that will foster ongoing success for CPS and China Direct," said Howard Ullman, CEO/President of China Direct. "We are expanding our operational geographic reach and offering significant value added services that will continue to build on our success to date in standby power provision. We also will be commencing sales of our roofing tiles very soon, which will further accelerate revenue growth throughout FY 2006. We look forward to reporting final results for the second quarter on or before August 15, 2006 and we will also conduct an investor conference call on the release date to detail results and plans going forward."
About China Direct: China Direct (http://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 (http://www.completepower247.com) is a majority-owned subsidiary engaged in turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) (http://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.
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 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.
SOURCE China Direct Trading Corporation
Contact Information: Rich Schineller of China Direct Trading Corporation, +1-941-918-1913, rich*chdt.us
posted
hey jimsc, did you not say that CLBE was going to be way up at this point in time? i remember you said 6 weeks back in early july that clbe was going to take off
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posted
CLBE went up from 0.028 to 0.098 -- you are too greedy or what? BTW. All stock forecasting are just like horse-racing forecasts. Don't believe in anyone but yourself.
posted
no, you got it wrong, price was at .045 at the time and you qouted it will run hard, you once the MM's let it go?? over .10 remember, you told me just buy and hold for 6 weeks and watch
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if the earnings are good, which previous PR's seem to illustrate, could double from here on good news...possibly a good swing trade IMO
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I'm in at .088, I tried calling the # on the PR, but I got an answering machine... Has anyone actually spoken with someone to confirm it will be released tomorrow??? Most pinky and OTC stocks miss the deadlines they place on previous PRs:)
-------------------- Success is having the time and money to enjoy all of life's wonders...
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Please igrore all my posts. They are for gamblers only. You need to know the priciples of gambling -- take profit while you see one.
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quote:Originally posted by JimSC: Please igrore all my posts. They are for gamblers only. You need to know the priciples of gamling -- take profit while you see one.
i understand and i did, i just wanted to see what you still think about CLBE
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posted
I will follow the chart, and take 30%, 50%, 100%, or 200%, whenever it hits the top. Just follow the trend, don't limit yourself and wait for 2X or 3X.
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posted
Glad I got my big order filled at .088!! Had to chase it to .094 to complete my order. This should show up on lots of radars and really take off tomorrow:) They are putting the wall up at .097 now, they don't want this to get out of control to soon...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
IT WONT , its tooo strong......ITS GOING TO BREAK 0.10 , onc it does off to then 20's like last time ..first time rsi over 50 since july
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posted
The earnings are definitely tommorow you can call and check and not only that its stated in the pr i posted . You can confirm yourself.
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