DEERFIELD BEACH, Florida, May 3, 2016 /PRNewswire/ --
CD International Enterprises, Inc. ("CD International") (OTC: CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services, today provided updates for its operations.
As of April 30, 2016, the company completed its acquisition of 100% ownership in equity interest in China Manor Assets Investment Management Company, Limited, a Cayman Islands corporation ("CMAIM"). Management believes the acquisition can substantially generate operation profits in the coming quarters and beyond, thereby building a solid base for future growth in earnings.
In the past several months, management has been working hard to secure the supply for our two purchase orders for both copper concentrate and iron ore. With uprising trend of spot price for both copper and iron ore in the market, management is confident to start the delivery in the coming months.
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 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 addition, the company has substantially paid off its liabilities in the past year to improve the balance sheet. We believe substantial improvement of the balance sheet lays a solid foundation for future growth in 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.
Phone: +1-954-363-7333, Ext. 325
SOURCE CD International Enterprises, Inc