Under the corporation agreement, CDI Shanghai Management will provide Shengshi consulting services including capital raise, business development such as agricultural and forestry development, market promotion for Shengshi's products such as vegetables, fruits, teas, woods and flowers. In addition, CDI Shanghai Management will provide Shengshi additional consulting services in different areas such as garden design, landscaping, management of online retailing, logistics and business development, development of tour areas and sale of souvenir, and hospitality management.
Commenting on the corporation agreement, Dr. James Wang, Chairman and CEO of CD International said "We are very pleased to enter this consulting agreement to further expand our consulting services in China. We believe we will add more clients in the coming months to improve our profit margin in our consulting segment. In addition, we plan to work with Shengshi to develop a distribution business of Cannabidiol (CBD) extract out of industrial hemp in both North and South Americas. The new distribution business will add another profit center for us in the years to come."
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTC: CDII), is a U.S.-based company that sources industrial commodities 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., 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.
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, 2015.
CD International Enterprises, Inc.
SOURCE CD International Enterprises, Inc