China Direct Industries Provides Update for its Magnesium Segment Sales

DEERFIELD BEACH, Fla., Dec. 28, 2011 /PRNewswire via COMTEX/—China Direct Industries, Inc. (“China Direct Industries”) a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services announced today that its magnesium segment operations received five new purchase contracts from existing customers, including major Fortune 500 companies, valued at approximately $11.0 million in December of 2011 for delivery over the next six months.

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Commenting on the contracts, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc., stated "We are pleased to see an increase in orders and quoting activity as we head into calendar 2012. We believe that our magnesium segment will strengthen further throughout the coming year as economic conditions which weakened short term demand begin to abate."

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China Direct Industries, Inc. CDII, is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, China Direct Industries' unique infrastructure provides 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 .