SOURCE: Diamant Art Corporation

August 04, 2008 08:30 ET

Diamant Art Corporation Continues Awareness Efforts as Los Angeles Mobilizes to Ban Non-Degradable Plastic Grocery Bags

TORONTO--(Marketwire - August 4, 2008) - Diamant Corporation (OTCBB: DIAAF) is pleased to announce that the Company continues to generate exposure for their proprietary biodegradable additive, currently available to all plastic bag manufacturers nationwide, in response to the growing demands of this swiftly evolving ecologically conscious market.

The Los Angeles City Council recently voted to ban plastic shopping bags from stores, beginning July 1, 2010. Customers can opt to bring their own bags or pay 25 cents for a paper or biodegradable plastic bag. The council's unanimous vote also puts pressure on the state, who is also considering an Assembly bill of their own which would impose bag recycling requirement on all stores obligated to carry bags. Los Angeles City officials said their ban would not be implemented if the state passes the bill which requires at least a 25-cent charge per bag.

"We've gotten to a point where we need to act as a city, where we can have real results," said Councilman Ed Reyes, who proposed the bag ban. "We're trying to do it in a way where we can educate and inform the public of what we're doing."

Reyes said the ban will minimize cleanup costs for the city and reduce trash that collects in storm drains and the Los Angeles River. The city estimates more than 2 billion plastic bags are used each year in Los Angeles. About 5 percent of plastic bags and 21 percent of paper bags are recycled in California.

Banning plastic bags will not solve the litter problem, said an attorney who opposes the regulation of plastic bags. "We've had enough of politicians accepting the misinformation that's spread around the Internet about plastic bags," said Stephen Joseph of the Save the Plastic Bag Coalition, which represents bag manufacturers. Joseph said the city motion gives "a free pass" to paper bags, which he argued are biodegradable but consume more materials and natural resources to make.

Three percent of the bag fee will be returned to the retailer, 3 percent will go to the state, and the rest will go back to the city to fund an education campaign.

Last year, San Francisco passed the nation's first bag ban, which took effect in November.

About Diamant Film Inc.: Diamant Art Corporation (OTCBB: DIAAF), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc., is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. 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. 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 and supplier of bio-degradable additive in North America.

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

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

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