China Direct Trading Corporation (OTCBB: CHDT) announced today that the company has been added as a component of the PCE Florida Index.
About the PCE Florida Index -- The PCE Florida Index is a valuable guide to small public companies in Florida with market caps under 250 million and sales over $500,000. Despite economic challenges, Florida continues to create and attract entrepreneurs who are growing their businesses, and the PCE Florida Index tracks this dynamic and important sector of Florida's economy. As dark economic shadows continue to loom, Florida's small businesses still appear to provide some shining success stories. This year China Direct Trading Corp. has been added to the list of 202 companies in the PCE Index.
There are many national indices that gauge a company's performance, but no other index has sufficiently depicted what is really happening in the Florida economy. What makes Florida so unique is that most of the companies are small to mid-sized. For too long there as been a general void of coverage about Florida-based middle market public companies. The PCE Florida index is the definitive tool to bring focus to small to mid-sized public companies to the investment community.
More information can be found at the PCE Florida website at www.pceindexes.com
About China Direct:
China Direct (http://www.chdt.us) is a holding company engaged through its operating subsidiaries in the following business lines: Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. CPS (http://www.completepower247.com) is a majority-owned subsidiary engaged in a turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items in 29 countries. None of the web site URLs listed in this press release is incorporated into or is part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on China Direct's and its subsidiaries' managements' current expectations and assumptions, and involve risks and expectations and assumptions may prove to be faulty or incorrect. Actual results may differ materially from those anticipated results set forth in the statements. The forward-looking statements may include statements regarding consumer demand, product orders, product development, product potential or financial performance. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. China Direct undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Approval of products by governmental authorities does not mean that the products will be accepted by consumers or produce any revenues or profits. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company, should be evaluated together with the many uncertainties that affect our business, particularly those mentioned in the cautionary statements in current and future China Direct SEC Filings, which statements we incorporate by reference herein.