DEERFIELD BEACH, Florida – June 30, 2015 – CD International Enterprises, Inc. (“CD International”) (OTC: CDII), a U.S.-based company that sources and distributes industrial commodities in China and the Americas and provides business and management corporate consulting services, announced today, CDI Shanghai Management Company, Ltd., a wholly owned subsidiary of CD International, has received authorization by Automation Division of Shanghai Electric Group Co., Ltd. (“Shanghai Electric Group”) as a representative of business development in South America and Africa.
Shanghai Electric Group is a multinational power generation and electrical equipment manufacturing company headquartered in Shanghai, China. It has a long history, where one of its oldest subsidiaries was established before 1880. Shanghai Electric Group is engaged in the design, manufacture and sale of electrical industrial products including power generation equipment, power transmission and distribution equipment, transformers, switchgear, circuit breakers, transport equipment, machine tools, elevators, packaging and print machinery and environmental protection equipment. It is the world’s largest manufacturer of steam turbines.
Dr. James Wang, Chairman and CEO of CD International commented in regards to receiving the authorization, “The authorization to be a representative by one of the major Chinese manufacturing giants is a milestone in growing our consulting business in South America. Currently we are exploiting development of several projects with Automation Division of Shanghai Electric Group in the areas of construction of solar, wind and traditional power station in South American countries. We believe our diverse presence throughout South America gives our partners and clients a unique advantage in commercial transactions we manage through our local expertise and business networks in each country. We are looking forward to closely working with Shanghai Electric Group to develop a variety of projects in South America. We believe the successful development of a project will add substantial values for both our Company and our shareholders ”
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTC: CDII), is a U.S.-based company that sources and distributes industrial commodities in China and the Americas and provides business and management corporate consulting services. For more information about CD International, please visit http://www.cdii.net.
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International Enterprises, Inc. (“CDII”) 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 regarding CDII and the completion of agreements with other potential investors and partners for this effort, our ability to arrange financing, our expectations regarding profits, if any, and future operating results of CDII and growth in our operations.
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 fiscal year ended September 30, 2014.
CD International Enterprises, Inc.
Phone: 1-954-363-7333 Ext. 325