DEERFIELD BEACH, Fla., Jun. 15, 2015 /PRNewswire/ --CD International Enterprises, Inc. ("CD International") (OTC: CDII), a U.S.-based company that sources and distributes industrial commodities internationally and provides business and management corporate consulting services, issued a letter to shareholders from its Chairman and Chief Executive Officer, Dr. James Wang, which reads as follows:
Dear Fellow Shareholders:
With the completion and filing of our full year fiscal 2014 audited financials, we have taken the majority of steps necessary to regain compliance with our regulatory reporting requirements. We anticipate the filing of the remaining quarterly financial statements to be made in the coming weeks to finally complete that process and set the stage for a new chapter in our Company's history.
For the past several years we have been working diligently to transition the Company from an owner of manufacturing operations in China to a service based organization that sources and distributes industrial commodities internationally and provides management corporate consulting services. In this way we believe we are well positioned to leverage our managerial footprint in the U.S., China and the Americas while avoiding the need for significant capital expenditures. In order to complete that transition, we exited all of our remaining manufacturing business in China beginning in 2013 and ending with the discontinuing of our magnesium production operations in 2014. As these operations had been consistently losing money since the global financial crisis in 2008, management decided to exit all of these operations to focus on business services and other less capital intensive business opportunities.
With the completion of that transition, we are currently structured into two business segments. Our Mineral Trading Segment sources and distributes industrial commodities to China, and our Consulting Segment provides business consulting services to companies that operate or are seeking business opportunities primarily in China and the Americas.
In our consulting segment, we provide a suite of consulting services to clients who conduct business in China or seek to conduct business within China. We generate revenues by providing services in the areas of capital structure, strategic partnerships, mergers, acquisitions, translation services, managing and coordinating the process of obtaining necessary government approvals and licenses in China, as well as marketing and sales support. We tailor our suite of services to meet the specific needs of each individual client. A significant component of our competitive advantage lies in the quality of our personnel. Members of our team possess a strong working knowledge of the unique characteristics of business operations in the Americas and China. Our function is to provide the necessary resources for Chinese entities to invest in the Americas and entities from the Americas to invest in China.
Our Mineral Trading Segment is operated under our wholly owned U.S. subsidiary CDII Minerals, Inc., which was incorporated in 2010. CDII Minerals is strategically positioned throughout several countries in South America and has developed the foundation and relationship network to expand rapidly. Over the past several years we have successfully purchased iron ore, tin ore, and copper concentrate in Ecuador, Bolivia and Chile and exported to China. Currently, we are working to expand our trading business in South America and are also evaluating other business opportunities with local companies to expand our South American presence.
In order to fulfill a niche market and add value through facilitating smooth international transactions, we have strategically positioned our Company as an intermediary between our suppliers in South America and our buyers in China. Through a unique understanding of local business practices in each country, CDII Minerals arranges all required logistics and processing from the point of production through its final destination including the documentation and permits necessary to export and import the material.
As we move through the coming years we are excited to now have the Company in a position to leverage our core competencies unburdened by the capital intensive legacy manufacturing operations in China. We have established a substantial business network in China and the Americas and our team is now actively seeking to monetize that network on several fronts:
First, our team has identified several acquisition candidates to accelerate revenue growth and build a solid base for the future. Management is working diligently to complete at least one such acquisition prior to the end of calendar 2015.
Second, through working to bridge large Chinese investments into certain projects in the Americas we believe we have the opportunity to realize multiple potential "home-runs" to impact future revenue and earnings.
And third, the network we have established in Latin America has us poised to achieve substantial growth when mineral and industrial commodities markets rebound in the coming years. Our diverse presence throughout Latin America gives our partners and clients a unique advantage in commercial transactions we manage through our local expertise and business networks in each country.,
In closing, I would like to thank each and every shareholder for their support. We believe we have navigated through a tremendously challenging period for CD International over the past several years and we are now poised to move into a new growth phase. We intend to work diligently to achieve that growth on all fronts to create substantial value for our shareholders for years to come.
Dr. James Wang
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTC: CDII), is a U.S.-based company that sources and distributes industrial commodities in China and the Americas 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. ("CDII") 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. These statements include, but are not limited to, our expectations regarding CDII and the completion of agreements with other potential investors and partners for this effort, our ability to arrange financing, our expectations regarding profits, if any, and future operating results of CDII and growth in our operations.
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, 2014.
CD International Enterprises, Inc.
Phone: +1-954-363-7333 Ext. 325
Email: [email protected]
SOURCE CD International Enterprises, Inc