FT. LAUDERDALE, Fla., Jan. 3, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT) announced today that it has signed a contract with Globalcom Inc. (GI), located in Boca Raton, Florida. The two companies will split all profits 50/50 for sales of their new one-cent-a-minute prepaid phone cards. The cards will be distributed to retailers throughout the U.S. and on the corporate website at www.pennyus.com, where sales have been brisk since the site went up last month.
China Direct has been marketing their email everywhere prepaid card and will be placing the product in various retail chains this quarter, so the company will now compliment that item with the lowest priced prepaid phone card on the market today.
"We are pleased that Globalcom came to us to sell such an exciting item priced so much lower than the current marketplace. It doesn't get much better than a penny a minute and we are anxious to begin marketing this week," said Howard Ullman, Chairman and CEO of China Direct Trading Corp.
The penny-a-minute card can also be used for international calls and rates are also the lowest in the marketplace with prices to China at 0.016, the U.K. 0.019, and Japan at 0.037 per minute. The company will focus its sales of cards to airport gift shops, gas stations, and mass merchants nationwide.
To learn more about the product you can visit www.pennyus.com
BUSINESS:
CHDT is a global trading company engaged in product development, manufacturing, distribution, logistics, and product placement into mass retail. The company holds patents and sells products to importers, theme parks, and directs to retail worldwide. By establishing relationships with various governmental agencies, public and private institutions, and private industries in China, the Company aims to play a key role in assisting U.S. companies that desire to move production or investments into China as well as helping Chinese firms grow through U.S. distribution and financial support. In addition, the company acquires and invests in innovative products, services, or technology companies.
FORWARD-LOOKING STATEMENTS:
This press release includes "forward-looking statements" within the meaning of the federal securities laws. Although CHDT (the "Company") believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Many factors are beyond The Company's and its subsidiaries' control. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's existing and future filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions as set forth in the Company's public filings with the Securities and Exchange Commission and herein.