FT. LAUDERDALE, Fla., July 6, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT) today announced that revenues for the 2nd quarter/FY 2005 are expected to be about $292,182.00, approximately 43% above 1st quarter/FY 2005 revenues of $204,354.00.
Looking into the 3rd and 4th quarters of 2005, we continue to see opportunities for growth through increased marketing of existing and new products, an increase in new customers, as well as creation of a new Website for our Poker Card Keepers and related products.
We will report its fiscal 2005 second quarter financial and operating results on or before August 15, 2005. Actual financial results may vary due to audit adjustments. We will provide additional information, including a more detailed quarterly review and outlook, during our regularly scheduled conference call on that date.
Important Information Regarding Forward-looking Statements: Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions. This news release contains forward-looking statements about our objectives, strategies, financial condition and preliminary financial results. These "forward-looking" statements are based on current expectations and entail various risks and uncertainties. Our actual results may materially differ from our expectations if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. We cannot provide any assurance that forward-looking statements will materialize. We assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Additional information concerning risks and uncertainties affecting our business and other factors that could cause our financial results to fluctuate is contained in our filings with the U.S. Securities and Exchange Commission.