-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L6SJHT6dAPdQ29uappr+lxHZ7l54uChuooM9dt3y64GSDUcQEFWT1aiSp0NCrC8r 1LsBqI62kYdUZhyTj8F2gA== 0001448788-11-000004.txt : 20110103 0001448788-11-000004.hdr.sgml : 20101231 20110103083752 ACCESSION NUMBER: 0001448788-11-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110103 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110103 DATE AS OF CHANGE: 20110103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Direct Industries, Inc. CENTRAL INDEX KEY: 0001088787 STANDARD INDUSTRIAL CLASSIFICATION: PRIMARY SMELTING & REFINING OF NONFERROUS METALS [3330] IRS NUMBER: 133876100 STATE OF INCORPORATION: FL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33694 FILM NUMBER: 11500276 BUSINESS ADDRESS: STREET 1: 431 FAIRWAY DRIVE STREET 2: SUITE 200 CITY: DEERFIELD BEACH STATE: FL ZIP: 33441 BUSINESS PHONE: (954) 363-7333 MAIL ADDRESS: STREET 1: 431 FAIRWAY DRIVE STREET 2: SUITE 200 CITY: DEERFIELD BEACH STATE: FL ZIP: 33441 FORMER COMPANY: FORMER CONFORMED NAME: China Direct, Inc. DATE OF NAME CHANGE: 20080404 FORMER COMPANY: FORMER CONFORMED NAME: China Direct, Inc DATE OF NAME CHANGE: 20061030 FORMER COMPANY: FORMER CONFORMED NAME: EVOLVE ONE INC DATE OF NAME CHANGE: 20010330 8-K 1 cdii8-k20110103.htm CHINA DIRECT INDUSTRIES, INC. FORM 8-K DATED JANUARY 3, 2011 cdii8-k20110103.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 
FORM 8-K
 
 
CURRENT REPORT
 
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported):  January 3, 2011
 

CHINA DIRECT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

Florida
001-33694
13-3876100
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

431 Fairway Drive, Suite 200, Deerfield Beach, FL
33441
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code
(954) 363-7335

not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 
 
 
 
 
 


Item 7.01                      Regulation FD Disclosure.

On January 3, 2011 China Direct Industries, Inc. issued a press release announcing a contract with a China-based trading company to supply iron ore from Bolivia.  A copy of the press release is furnished as Exhibit 99.1.

The information furnished with this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.


Item 9.01
Financial Statements and Exhibits.

(d)
Exhibits

99.1
Press release dated January 3, 2011 (furnished herewith).

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
CHINA DIRECT INDUSTRIES, INC.
   
Date:  January 3, 2011
By: /s/ Lazarus Rothstein
 
Lazarus Rothstein, Executive Vice President and General Counsel



EX-99.1 2 cdiiex99-1.htm CHINA DIRECT INDUSTRIES, INC. PRESS RELEASE DATED JANUARY 3, 2011 cdiiex99-1.htm
 
 
CDII Trading Subsidiary of China Direct Industries Enters into Contract with China-based Trading Company to Supply Iron Ore from Bolivia

Management believes the agreement has the potential to generate monthly revenue of up to $4.5 million over the course of a 12 month period beginning in the second quarter of fiscal 2011
 
DEERFIELD BEACH, FL--(1/3/11) - China Direct Industries, Inc. ("China Direct Industries") (NASDAQ:CDII), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that its wholly owned subsidiary CDII Trading, Inc. has entered into a contract with a privately held China-based trading company to supply iron ore from Bolivia.

As previously stated in our Form 8-K filed with the Securities and Exchange Commission on December 22, 2010, CDII Trading has been finalizing several supply contracts and sales agreements for iron ore delivery into China from Mexico and parts of South America with shipments expected to begin in the second quarter of fiscal 2011.  CDII Trading has agreed to supply iron ore to its China based buyer over a 12 month period under an agreement with a Bolivian mineral ore mining and exporting company upon acceptance of purchase orders by the parties and fulfilment of other commercial terms in the agreement including the successful completion of an initial test shipment. The monthly revenue under this agreement is expected to be approximately $4.5 million at the current market price for iron ore.

Commenting on this contract, Dr. James Wang, CEO and Chairman of China Direct Industries, Inc., stated, “This agreement to provide iron ore to China is a significant step forward for our trading operations in South America as we secure sales of iron ore under our long-term supply agreement with our Bolivian partner.  We believe successful completion of shipments from Bolivia will lead to further success in this and other ore rich South American countries and Mexico.  If we are able to complete delivery of iron ore to China under this agreement and our other supply agreements in Chile and Mexico, our international trading business has the potential to be a major driving force in the growth of our revenue and earnings for years to come”.
 
About China Direct Industries, Inc.
 
China Direct Industries, Inc. (NASDAQ:CDII), is a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution and distribution of basic materials in China. China Direct Industries also provides advisory services to China based companies in competing in the global economy. Headquartered in Deerfield Beach, Florida, China Direct Industries operates 9 subsidiaries throughout China. This infrastructure creates a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about China Direct Industries, please visit http://www.cdii.net.
 
DISCLOSURE NOTICE:
 
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct Industries, 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 materia lly from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding shipment dates under the agreements described in this report, acceptance of purchase orders and the fulfillment of commercial contract terms by the parties to these agreements, current and future revenues from sales pursuant to these agreements, and our future success in our international commodity trading business.    
 
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, 2010.
 
Contact:

Contact Information:
For the Company:
China Direct Industries, Inc.
Richard Galterio or Lillian Wong
Investor Relations
Phone: 1-877-China-57
Email:
richard.galterio@cdii.net
lillian.wong@cdii.net

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