SOURCE: Diamant Art Corporation

April 27, 2010 16:30 ET

Diamant Art Corporation Announces Corporate Action

TORONTO--(Marketwire - April 27, 2010) -  Diamant Art Corporation (PINKSHEETS: DIAAF), announced today that the FINANCIAL INDUSTRY REGULATORY AUTHORITY "FINRA" has confirmed the 1 new for 5000 old Reverse Split Corporate Action for Diamant Art Corporation. This corporate action will take effect at the open of business 04/28/10. The new symbol on this date will be DIAFD. The "D" will be removed 20 business days from April 28, 2010, and symbol will remain DIAAF according to FINRA.

On March 5, 2010 the Company held a Special Shareholder meeting in Toronto, Ontario Canada approving a 5000 old for one new reverse split and received in the excess of a 2/3 majority vote to proceed with the reverse on that basis. The Company had filed Articles of Amendment affecting the consolidation of the issued and outstanding Common Shares on the basis of one (1) new Common Share for each 5000 old Common Shares so that the 7,552,096,414 issued and outstanding Common Shares have been consolidated into 1,510,419 Common Shares. No fractional shares of the Corporation will be issued in connection with the consolidation and a shareholder who is entitled to receive a fraction of the share upon consolidation will receive the number of shares rounded up to the nearest whole number.

Diamant Art Corporation (PINKSHEETS: DIAAF), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com), is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant™ Film has recently received the ECO logo certified by the Environmental Choice™ Program. The Environmental Choice™ Program is North America's leading benchmark of environmentally responsible products and services. Bio-Plastics Film Inc. Diamant's Bio-Products contain Totally Degradable Plastic Additive. Unlike other plastic, once biodegrading is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC. Further Diamant Art Corporation and its wholly owned subsidiaries, Diamant Film Inc. and Bio-Plastics Film Inc. do not condone or participate in spam activities, e-mail and fax programs of any manner.

Contact Information

  • Contact:
    For more information visit our FILM division website of Diamant Art Corporation at http://www.diamantfilm.com

    or contact Investor Relations:
    Gibraltan Financial
    (407) 830-9777