CHDT China Direct Trading Corp. Sales Soar in Hong Kong
Monday October 25, 7:34 am ET
HONG KONG, Oct. 25 /PRNewswire-FirstCall/ -- China Direct Trading Corporation's (OTC Bulletin Board: CHDT - News) Subsidiary, Souvenir Direct Inc. (SDI) just completed exhibiting at the annual Kenfair Hong Kong Gift and Premium Show. Sales orders taken at the show will amounted to millions of dollars over the next year as the company increased its global distribution to 26 countries. SDI took re-orders from The Maldives, Wales, Dubai, USA, France, Israel, and new distributors in Los Angeles and Austria.
Highlights of the show were the company's sales to the largest theme park in Paris which increased by over 1000% from last year's show and sales for that park should reach $600,000 or more in 2005. Last year SDI only sold its spinner key rings to the park and due to stellar key ring sales 10 new items were ordered at the show. SDI also took orders from one of the most established souvenir suppliers in Las Vegas with over 65 items ordered including 30 designs of the company's patent pending spinner key rings. The initial order will be roughly $125,000 but total sales for that customer should exceed $500,000 in re-orders for 2005.
"We are excited to see SDI's hard work in product design over the summer has yielded brisk sales during the last three gift shows. Booked orders from August to October are greater than SDI's total sales for 2004 thus confirming an escalating growth rate for 2005 which could reach three times that of 2004 as the company has many more gift shows over the next few months."
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.
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Source: China Direct Trading Corporation |
