DAVIE, Fla., May 5, 2005 (PRIMEZONE) -- China Direct Trading Corporation's (OTCBB:CHDT) (China Direct) wholly-owned subsidiary Souvenir Direct Inc. (SDI) returned from The Hong Kong Gift Show with orders from customers in three new countries, Germany, Jamaica, and Hong Kong, creating total SDI distribution in 29 countries. The company also took re-orders from distributors in Dubai, Wales, USA, New Zealand, Maldives, and Puerto Rico, along with hundreds of inquiries from buyers around the world.
"We were pleased with our results from the semi-annual Hong Kong Gift show where we continue to grow our distribution network worldwide," said Howard Ullman, CEO & President of China Direct and SDI. "We look forward to creating products for our two new distributors located in the new markets."
About The Hong Kong Gift Show:
The Hong Kong Gift Show is currently Asia's largest gifts and premiums fair and is the third largest in the world. Organizer Hong Kong Trade Development Council states the event is the best place to keep track of industry trends, network, create business opportunities, and exchange information through seminars and other informative events. At the 2004 fair, the total buyer turnout numbered 56,470. Of the total number of buyers, 27,738 were from overseas. The United States brought in the largest contingent with more than 3,700 buyers followed by mainland China (3,402) and Japan (2,140). Buyers from the E.U. totaled 7,073. Exhibitor statistics reached new heights when 3,446 exhibitors from 33 countries and regions participated at the fair -- an increase of 19 percent compared to 2003. As of the fair's closing, more than 1,000 exhibitors were still on the organizer's waiting list.
About SDI
SDI is a global trading company engaged in the development and distribution of manufactured goods, mostly souvenir and gift items, to theme parks, importers and retailers worldwide. The company's business model is, "made to order" and "just in time" shipments. All goods are shipped F.O.B. Hong Kong which results in a lean operating organization due to its focus on development and distribution while contracting manufacturing to established, trusted contractors. For more information about our products visit our website at www.souvenirdirect.com
FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements" within the meaning of the federal securities laws. Although China Direct 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 China Direct's projections and expectations are disclosed in its 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.