FT. LAUDERDALE, Fla., Jan. 11, 2005 (PRIMEZONE) -- China Direct Trading Corp. (OTCBB:CHDT) ("CDT") a global trader of products to and from Asia, has hired Corson Furniture International Inc. (CFI), an experienced China sourcing firm, to manage the Company's furniture division replacing Bernie Seidel who passed away unexpectedly this past December.
CFI, with over 43 years of furniture manufacturing experience, will serve in a consulting and advisory capacity overseeing the expanding CDT import/export wholesale furniture division. CFI will be responsible for all furniture sales in North America and will develop product, marketing and merchandising programs for the CDT furniture division. CFI will be compensated on a commission basis and will pay all it's own operating and sales expenses.
Howard Ullman, Chairman of China Direct stated, "China Direct continues to execute its aggressive business plan by acquiring, licensing or partnering with companies whose products and services collectively create a general trading powerhouse under the CDT banner with highly qualified veterans of their particular industries. This plan has proven to generate revenues quickly through our partners' long time contacts and international relationships."
About Corson Furniture International Inc.:
CFI and its affiliates, with offices in China and Malaysia have extensive furniture manufacturing and marketing experience in both the wood and upholstered furniture process as well as over two decades of offshore sourcing experience. CFI helps customers in reducing the risk and cost of importing products by providing the most appropriate sourcing partners.
About China Direct Trading:
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.
For more information on the companies products go to www.chinadirecttradingco.com
FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements" within the meaning of the federal securities laws. Although 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.