DAVIE, Fla., Sept. 6, 2005 (PRIMEZONE) -- China Direct Trading Corporation's (OTCBB:CHDT) wholly-owned subsidiary, China Pathfinder Fund, L.C. (CPF) has become a distributor for United Power Equipment Co, Ltd., located in Fozhou, China. CPF will carry small unit generators from 500 watts to large 50 kilowatt units, which are capable of running an entire home or business including air conditioners.
The company expects to announce its new sales manager in the coming days and will begin marketing these products to electrical supply contractors, generator retailers, U.S. government agencies, equipment rental companies, and mass merchants, especially throughout Louisiana, Mississippi, and Alabama. The company will also market to East Coast homeowners with emphasis on the 50KW unit that will run an entire home for under $8,000, which the company believes is more cost-effective than many competitive generators in the U.S. market.
"As an alumnus of Tulane University in New Orleans and a current homeowner in South Florida, I am very sensitive to the basic need of electricity and the value of a generator. Our company intends to offer a low cost solution of generators of all sizes, especially the large units that seamlessly engage when loss of electricity is experienced," said Howard Ullman, chairman and CEO of CPF.
About United Power:
United Power Equipment Co., Ltd. is located in Jinshan Industrial Park, Fuzhou, which is one of the famous coast cities in China. At present, they design and manufacture an extensive range of power equipment including engines, generators, water pumps, etc. With a 23,000 square meter workshop and more than 500 employees, they have been delivering standard and custom-designed products to over 70 countries and regions, primarily in Europe. They have obtained ISO 9000, CE, GS, EMC, and EPA certifications.
For more information on the companies products, go to www.chinadirecttradingco.com.
About CPF:
CPF is a subsidiary of CHDT. The company is a global trading company engaged in trading of goods, other than souvenirs and gifts, between China and the world. The company is capable of sourcing most products throughout China and works on a consultancy basis or as a middleman.
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. Although the company believes that there is a market opportunity for generators in the U.S., especially at this time, the ability of the company to market third-party manufactured generators at this time does not mean that the company will be successful in marketing and selling such products at this time or in the future, especially in light of extensive competition from more established and larger competitors.