PRESS RELEASE Home Improvement Industry Thrives Despite Housing Market Slowdown
improvement wholesalers
5%.
This growth
was significantly above retailing in general. CHDT acquired 51% of COPO outstanding
equity and two
board seats in exchange for $637,000 in cash and $1,200,000
in restricted shares of CHDT preferred
stock.
COPO FY 2005 FINANCIAL RESULTS
(unaudited
)
Gross Revenues: $2,300,000
Net Income: $400
,000
Based on current revenue growth, COPO is projecting a 300% increase in
FY2006 gross revenues
.transformation bulk
The membership of HIRI currently represents over 70 of the leading firms in
the industry. Overseas
Building Supply (OBS) is engaged in manufacturing, distribution, and
logistics of building materials
including but not limited to generators,
roof tiles, interior doors, and insulation materials.
FORWARD-LOOKING STATEMENTS: This press release contains financial and other
information that are
"forward-looking statements" as that term is defined
in the Private Securities Litigation Reform
Act of 1995.transformation producers
6% to $305 billion. This makes the
home improvement industry far less cyclical than new
home construction.MacReport.bulk retailers
These statements
are based on CHDT and COPO management's current expectations
and involve
risks and uncertainties, which if incorrect may cause results to differ
significantly
, materially from those set forth in the forward-looking
statements. CHDT and COPO undertake no obligation
to publicly update any
forward-looking statement, whether as a result of new information, future
events, or otherwise. This category will not list Manufacturers' Representatives or Retailers.
wholesale representing
Mortgage rates may be on the rise, but the home
improvement industry remains strong. Consumer
market sales have clearly benefited,
reaching $216 billion for 2005 (up 7.7% over the same period
in the prior year.
The Home Improvement Research Institute (HIRI) is a membership-based,
independent
, nonprofit organization of manufacturers, retailers,
wholesalers and allied organizations in the
home improvement industry. They also sell a Pre-Engineered proprietary
concrete installation pad
designed to reduce Noise and to Minimize
Vibration (STC Rating of 48) and it is 1/3 the weight of
normal concrete.completepower247. This is consistent with our announced strategy of acquiring
distribution
channels for our Chinese-made products.
bulk homebuilders
davidson wholesale
COPO
products and services can be seen at www.representative materials
Net
China Direct President and CEO Howard Ullman said, "Acquiring an
established and growing distributor
like Complete Power will enhance China
Direct's financial performance and provide us with a strong
strategic
partner and distribution channel for current and future lines of commercial
and residential
power generators and building supplies manufactured in
China.retailers homebuilders
provides comprehensive economic and
financial
information to over 3800 clients in industry, finance and government.com or call
877
-499-9500.producers without
In particular, the Professional
below the pace of the past five years, but well ahead
of the
rate of overall economic growth.PRESS RELEASE China Direct Acquires Controlling Interest in
Complete Power Solutions LLC -- Major Florida Power Generator Distributor
China Direct Trading
Corp.wholesale materials
"
About CHDT: (www.resell servicing
materials sellers
With the help of continued hurricane rebuilding activity, 2006 sales
are
expected to increase an additional 4. (SDI), is engaged in product development,
manufacturing
, distribution, logistics, and product placement into mass
retail of souvenir and gift items.This
category will list companies that purchase products from Producers and Manufacturers in bulk and resell
it without transformation to re-sellers.
wave producers
representatives wholesale
Global Insight, Inc. One
subsidiary, Souvenir Direct
Inc.transformation retailers
In recently released data from the US Department of
Commerce, December retail sales for building
material and garden
equipment/supply dealers grew 9. Its
mission is to be recognized as the primary
authority for effective, useful
information about home improvement products and services in North
America.chinadirecttradingco.holding producers
These estimates have been developed as part of an ongoing Home
Improvement
Research Institute program by one of its suppliers, Global Insight."
Even the
most current data points to the continual health of the home
improvement industry.bulk purchase
"But housing turnover
is only part of the picture.transformation contractors
wholesale davidson
2%. COPO offers a turnkey power solution from sales,
permitting, delivery
, installation, maintenance and service of generators
including the fuel tanks.servicing representatives
COPO is a Full-Service
Authorized Guardian Dealer
and Exclusive Home Depot Supplier in Broward and Palm Beach, FL Counties
for automatic standby generators for residential and commercial customers
in the State of Florida
. We are exploring ways
to expand our distribution network in order to meet domestic product demand
with price-competitive Chinese-made goods of the highest quality.com) is a holding company creating
vertical subsidiaries that involve trade between the US and China. The forward-looking statements
may include statements regarding
product performance or market potential, or projected financial
performance. The Wholesalers and Distributors that will be listed in this category are associated
with Construction and Maintenance industry.
without wave
According to its most recent study, housing starts and
existing home sales
-- strong coincident indicators for home improvement activity -- have
stayed
at a high level throughout 2005; both are expected to post increases
by over 4% for the year. (OTC
BB: CHDT)
(CHDT) announced today that it has acquired a controlling interest in
Complete Power
Solutions, LLC (COPO), of Pompano Beach, FL, a rapidly
growing power generator distributors. The
company sells products to importers
in 29 countries, theme parks and direct to retailers worldwide
.
Companies that provide services to these Wholesalers and Distributors will be listed here.
contractors purchase
Total home improvement product sales
in 2005 are estimated to reach a new record of $291 billion
-- up 7. A large piece
of the home improvement market involves maintenance and repairs as well as
improvements to homes where there is no change in ownership. CHDT intends to consolidate
COPO
financial results for reporting purposes.
China Direct Trading Corp. Forward-looking statements in this press release and
the considerable
risks associated with any investment in CHDT, which is a
"penny stock" company, should be evaluated
together with the many
uncertainties that affect CHDT's and its subsidiaries' businesses,
particularly
those mentioned in the cautionary statements in current and
future CHDT's SEC Filings, which statements
CHDT incorporates by reference
herein.resell improvement
)
"With the housing market beginning to show a gradual
slowdown, there has
been some talk that the home improvement industry will suffer its effects,"
states
Fred Miller, Managing Director of the Home Improvement Research
Institute.
Continued hurricane
rebuilding efforts will also help to offset the effects
of a market slowdown well into 2006.
Other COPO revenues come from maintenance and service contracts.distribution without
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