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China Direct Industries Inc. F2Q10 (Qtr End 03/31/2010) Earnings Call Transcript

China Direct Industries, Inc. (CDII)

F2Q10 Earnings Call

May 12, 2010; 04:30 pm ET

Executives

Dr. James Wang - Chief Executive Officer & Chairman

Andrew Wang - Chief Financial Officer

Richard Galterio - Vice President

Analysts

Amit Dayal - Rodman & Renshaw

Presentation

Operator

Welcome to the fiscal 2010, second quarter earnings conference call for China Direct Industries, trading on the NASDAQ global markets under the symbol CDII. China Direct Industries headquartered in Deerfield Beach, Florida, operates eight subsidiaries in China and two core business segments; magnesium production and distribution of basic materials. The company also provides advisory services to other China based companies. For more information, please visit it’s website www.cdii.net.

Our call is hosted by Mr. Andrew Wang, CFO; and Richard Galterio, Vice President. Additionally Dr. James Wang, CEO and Chairman, will also be available during the Q&A session following the call.

At this time I would like to refer to the Safe Harbor Statement under the Private Securities Litigations Reform Act of 1995. During this conference call, management may discuss financial projections, information or expectations about the company's products or markets, or otherwise make statements about the future, which statements are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made.

These risks and uncertainties are detailed in the company's filings with the Securities and Exchange Commission, including its most recent Form 10-K filed on December 31, 2009.

At this time, I would like to introduce Mr. Richard Galterio, Vice President of China Direct Industries. Mr. Galterio, you may begin.

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