China Direct Trading Corp. Named Exclusive U.S. Distributor for Leading Chinese Furniture Manufacturer

Furniture World Magazine

China Direct Trading Corporation was appointed 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. About CHDT: 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. Web site: http://www.chinadirecttradingco.com/