DAVIE, Fla., Sept. 8, 2005 (PRIMEZONE) -- China Direct Trading Corporation's (OTCBB:CHDT) wholly-owned subsidiary, China Pathfinder Fund, L.C. (CPF) has hired Larry Osborne, a 29-year sales veteran of electrical and electronic equipment, to head up the company's generator sales division. China Direct has received numerous inquiries within the past few days about generators and believes that it can ship from manufacturer's inventory in China within seven days. Mr. Osborne's responsibilities will include direct sales to chain stores and setting up a sales network. China Direct and CPF are unable to project possible sales, if any, from this sales initiative, but the company will contribute 2% of any net income from its sale of generators to the Red Cross Hurricane Relief Fund.
Mr. Osborne is a graduate of Duke University, School of Engineering, with a BS (Engineering). He has 29 years of experience selling electrical and electronic equipment to industry and government, including 10 years selling backup/standby electrical generators to the U.S. industrial, commercial and residential markets. His duties will include direct sales to chains and electrical contractors, as well as setting up sales forces in key cities to sell the 50KW unit which is capable of running an entire home or small business, including typical air conditioning systems.
Mr. Osborne can be reached at 954-474-0224 or by email at losborne21@aol.com.
This sales initiative is part of China Direct's ongoing efforts to broaden its business lines from the traditional souvenir and gift products and to capitalize on its commercial contacts in China.
For information on these new products, please go to www.chinadirecttradingco.com
CPF is a global trading company engaged in the trading of goods, other than souvenirs and gifts, between China and the world and in business development consultancy for companies interested in doing business in China.
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. China Direct and its subsidiaries disclaim any obligation to update information in this press release.