Published:
Market Pulse Breaking News Alert for Monday, November 1, 2004: CHDT - China Direct Trading Corp. Named Exclusive U.S. Distributor for Leading Chinese Furniture Manufacturer!
Market Pulse News Alert for this PM, Stocks to
Watch are: China Direct Trading Corporation
, Travelzoo Inc. , Research In Motion Ltd.
, and Peoplesoft Inc.
.
Investors need to be watching China Direct Trading Corporation
this PM! China Direct Trading 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 is a conduit between Asia and the U.S. and is
currently working with customers in industries such as textiles,
automobiles, health technology, and other sectors! China Direct Trading
had great news out before today's opening bell! This could be excellent
news for investors!
China Direct Trading Corporation was appointed today as the
exclusive U.S. distributor in the United States and Canada for Beijing
Huawei Furniture Co., Ltd., (Huawei), a leading Chinese manufacturer of
quality furniture for commercial and residential uses.
The two companies signed an exclusive distributor agreement in Beijing.
Huawei had sales in 2003 in excess of $15 million, and anticipates revenues
in excess of $25 million for 2004. The company currently exports to South
Korea, Japan, Russia, Dubai, and has planned for some time to enter the
U.S. furniture market.
"The U.S. market for imported furniture is growing rapidly, and we intend
to be a major player in that market," said Wang Hong Kun, President of
Huawei. "Following an extensive study of the U.S. market, and research
regarding possible joint venture partners, we have concluded that China
Direct will make our entry into the U.S. market successful. We proudly
offer the rich Chinese tradition of excellence in furniture design and
craftsmanship," he said. Wang Hong Kun is Chairman of the Beijing Furniture
Trade Association and has diversified interests in real estate development,
engineering and construction companies in China.
"We are excited about being the exclusive U.S. distributor for Huawei.
Huawei fits into our business strategy of diversifying our product line
with quality Chinese manufactured goods. Huawei produces superior, quality
furniture that will, in my opinion, will find a market in the U.S, among
consumers seeking excellence in design, materials and craftsmanship," said
Howard Ullman, CEO and President of CHDT.
BUSINESS: 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 U.S.
companies that desire to move production or investments into China as well
as helping Chinese firms grow through U.S. distribution and financial
support. In addition, the company acquires and invests in innovative
products, services, or technology companies.
Stocks acting well in today's trading include: Travelzoo Inc.
, Research In Motion Ltd. , and Peoplesoft Inc.
.
Information contained herein is the opinion of Market-Pulse.com ("MP") and
is intended to be used strictly for informational purposes. You should be
aware that MP attempts to assure itself of the accuracy of the information
contained in the analyses it publishes. In this regard, MP does, at times,
rely on the accuracy of information supplied to it by the companies which
are the subject of MP's analyses and/or parties related to those companies.
MP also relies on the accuracy and integrity of information that is
contained in company press releases and reports filed with the SEC. The
companies mentioned in this publication have not approved the content or
timing of the information being published unless otherwise noted.
MP, because it relies on information supplied by various third parties
disclaims any responsibility for the accuracy of such information. Any
investor considering making an investment in any security which has been
the subject of a MP analysis or opinion should, before making any such
investment, consult with his/her market professional and/or do his/her own
independent research regarding the company which is the subject of an MP
opinion, recommendation or analysis.
Information regarding companies which MP has opined upon is normally
available from many sources including the subject company's filings with
the SEC and various press releases issued by the company.
You should be aware that MP is often compensated for issuing analyses,
recommendations or opinions concerning particular companies. Its opinion is
therefore not unbiased and you should consider this factor when evaluating
MP's statements regarding a company. MP has been compensated two million
restricted shares of China Direct Trading Corp. by the company. MP, in a
separate, negotiated transaction acquired directly from an existing
shareholder, a block of eight hundred thirty three thousand three hundred
thirty four free trading shares of China Direct Trading Corp. for a total
purchase price of twenty thousand dollars. In addition, MP in the open
market, previously purchased four hundred sixty six thousand six hundred
sixty six shares of stock in China Direct Trading Corp. for a total
purchase price of twenty two thousand one hundred sixty seven dollars. To
date, MP has sold four hundred fifty thousand shares of stock in China
Direct Trading Corp. for proceeds totaling twenty nine thousand dollars.
MP's officers and directors reserve the right to buy additional shares of
the company discussed in this opinion and may profit in the event those
shares rise in value. When MP receives free trading shares as compensation
for a profiled company, MP may sell part or all of any such shares during
the period in which MP is performing such services. Market Pulse News Alert
is a division of MP.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags:
_ _Is your favorite bookmark site missing?
Ask for it.