Annual Meeting of Shareholders to be Held on May 30, 2008

BOCA RATON, Fla., Jan. 29 /PRNewswire-FirstCall/ -- China Direct, Inc. (AMEX: 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, today announced that it will be relocating its corporate headquarters to Deerfield Beach, Florida in February 2008. The newly leased 6,000 square foot corporate headquarters will house its senior management team and U.S. staff for both consulting and management operations.

Over the course of 2007, China Direct has doubled its staff in the U.S. and the relocation will facilitate its current expansion plan as management continues to focus on accounting controls, financial management, marketing support, and operational enhancements of its China subsidiaries. The office is located at 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441.

Additionally, the company has scheduled its annual meeting of shareholders to take place at the Hilton Hotel Deerfield Beach, 100 Fairway Drive Deerfield Beach, FL 33441, Tel: (954) 427-7700. The meeting will be held from 12:00 PM to 4:00 PM EST on Friday, May 30, 2008 and all shareholders are welcome to attend.

Commenting on the relocation, Dr. James Wang, Chairman and CEO of China Direct stated, 'We are very excited to move into our newly constructed corporate headquarters and we remain focused on the continued expansion of our management operations in the U.S. as well as our subsidiaries in China. We look forward to our annual meeting in May as we remain committed to the execution of our business model for the benefit of all of our shareholders.'

About China Direct, Inc.

China Direct, Inc. (AMEX: CDS) is a U.S. company doing business in China through two divisions. Our management division acquires controlling stakes in Chinese companies, then provides investment capital and active management to enable these companies to thrive as our subsidiaries in their respective industries. Our consulting division assists other companies in China and the U.S. in establishing and maintaining a presence in 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.cdii.net.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

SOURCE China Direct, Inc.

Source: PR Newswire (January 29, 2008 - 8:00 AM EST)

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