China Direct Sees Recent Earthquake in the Sichuan Province of China Having No Adverse Impact on any of Its Operations in China

DEERFIELD BEACH, Fla., May 12 /PRNewswire-FirstCall/ -- China Direct, Inc. (Nasdaq: CDS - News), 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, today announced that its operations were not adversely affected by the recent earthquake in the Sichuan province of China.

Commenting on this tragedy, Dr. James Wang, Chairman and CEO of China Direct, stated while attending the NASDAQ opening bell ceremony, "We are deeply saddened by today's tragic event in China. Our hearts go out to the families of the victims as well as to all those people who have been affected by this earthquake. As many of our employees in the U.S. have family and close ties to China, we intend to donate to those efforts created to provide aid to the earthquake victims and will post on our website information on how any of our employees, shareholders, or any other interested parties can do the same as soon as that information becomes available. It is important to remember that we all have a responsibility to help those who are impacted by such destructive forces of nature. Our thoughts and prayers are with those people so sadly affected by this tragic occurrence."

About China Direct, Inc.

China Direct, Inc. (Nasdaq: CDS - News) 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 .

    Contact:

    Investors:

    Alan Sheinwald
    HC International, LLC
    Phone: (914) 669-0222
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    For the Company:

    China Direct, Inc.
    Richard Galterio
    Executive Vice President
    Phone: 1-877-China-57
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