China Direct Announces Conference Call to Discuss Third Quarter 2008 Financial Results

DEERFIELD BEACH, Fla., Nov. 6  /PRNewswire-FirstCall/ -- China Direct, Inc. (NASDAQ:CDS), a U.S. company that owns controlling stakes in a diversified portfolio of Chinese entities and assists Chinese businesses in accessing the U.S. capital markets, announced today that Marc Siegel, President and David Stein, Chief Operating Officer of China Direct, will host a conference call to discuss the Company's financial results for the third quarter ended September 30, 2008.

  The call information follows:

  -- Date: November 13, 2008
  -- Time: 4:30 p.m. Eastern Standard Time
  -- Dial-in number for US/Canada:  [phone]
  -- Dial-In number for international callers: [phone]
  -- Conference ID:  72664979




Individuals unable to participate in the conference call may hear an audio webcast replay. The audio webcast service is being provided by ViaVid Broadcasting and can be accessed at China Direct's website at http://www.chinadirectinc.com/ . The webcast may also be accessed at ViaVid's website at http://viavid.net/dce.aspx?sid=00005919 . The playback of the webcast can be accessed through November 13, 2009 on either site. To access the webcast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player, please visit: http://www.microsoft.com/windows/windowsmedia/en/download/default.asp .

About China Direct, Inc.

China Direct, Inc. (NASDAQ:CDS) is a diversified management and advisory services organization headquartered in the U.S. Our management services division acquires a controlling interest in entities operating in China. Our ownership control enables China Direct to provide management advice, as well as financing to Chinese entities. This infrastructure creates a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. Our advisory services division provides comprehensive advisory and consulting services to Chinese entities seeking to access the U.S. capital markets. As a direct link to China, China Direct serves as a vehicle allowing investors to directly participate in the rapid growth of the Chinese economy in a diversified and balanced manner. For more information about China Direct, please visit http://www.chinadirectinc.com/ .

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations about our future success, the success of our advisory board, and our ability to identify and close acquisitions of operating companies in China in a cost effective manner that enhance our financial condition.  We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward- looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2007 and our reports on Form 10-Q. 

DATASOURCE: China Direct, Inc.



CONTACT:  Richard Galterio, , or Lillian Wong,

, both of Investor Relations of China Direct, Inc.,

+1-877-China-57



Web site:  http://www.chinadirectinc.com/

http://www.cdii.net/

http://viavid.net/dce.aspx?sid=00005919 

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