Black Diamond Holdings, Corp.

Black Diamond Holdings, Corp.

June 01, 2006 06:30 ET

Black Diamond Holdings, Corp. Moving Towards Fully Reporting Status

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2006) - Black Diamond Holdings Corporation (PINK SHEETS:BDMHF) (the "Company") announced today that it has retained the services of Mr. Stephen E. Rounds who is preparing the appropriate filings to be made with the SEC to have Black Diamond become a fully reporting company and list the company for trading in the United States.

The company's CEO, Mr. Moynes, stated, "The Company is moving in a positive direction and we will work to bring the change to fruition. I look forward to building a solid board of directors as required for fully reporting companies. When attained, our new status is expected to assist in raising capital for our business plan."

About Black Diamond Holdings Corporation

Black Diamond Holdings, Corp. is a British Columbia domiciled company that was incorporated on December 28, 2000. The Company and its two wholly owned subsidiaries, Black Diamond Importers Inc., and Liberty Valley Wines LLC are engaged in the importing, distribution and marketing of premium wines and spirits to consumers worldwide. In Canada BDI is licensed as an importing agent in British Columbia, Alberta, and Ontario and in the United States Liberty Valley is being positioned to debut as a leading premium wine brand in the United States and elsewhere. The Company is currently negotiating with potential distributors, to market and distribute Liberty Valley Wines™. Liberty Valley Wines are from the highest quality grapes grown in California.

Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including among other things, those which are discussed under the heads "Risk Factors" and elsewhere in documents that the Company files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend and does not assume any obligation, to update these forward-looking statements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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