FT. LAUDERDALE, Fla., Aug. 16, 2004 (PRIMEZONE) -- China Direct Trading Corporation's (OTCBB:CHDT) subsidiary, Souvenir Direct Inc. begins it's 2005 gift show season in August. The companies fall schedule is as follows:
August 16-19th Kenfair Gift and Premium Show(Hong Kong based) located at Mandalay Bay Convention center in Las Vegas. Booth B-7
September 8-11th the Post Card and Souvenir Distributors Association of America annual convention, located in Orlando. Closed to non-members.
September 13-15th, First annual Apparel Magazine Symposium in Shanghai, China.
October 20th to the 23rd, the Kenfair Hong Kong Gift and Premium Show located in Hong Kong. Booth Grand Hall 21. GF- 21
Gift shows normally generate 65% of the companies business each year and this year the company will participate in three times as many shows as last year. Last year the company exhibited at four trade shows and this year the company plans on participating at 12 gift shows. The company generates an average of $150,000 in sales per gift show, so with the increase in gift shows worldwide the company expects revenues to increase accordingly.
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 US companies that desire to move production or investments into China as well as helping Chinese firms grow through US distribution and financial support. In addition, the company acquires and invests in innovative products, services, or technology companies.
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.