SOURCE: Diamond I, Inc.

September 25, 2008 08:30 ET

Diamond I's US-BX Offers Forecast for 2009 Volume and Revenues

Online Biofuels Exchange Forecasts 200 Million Traded Gallons, $1,875,000 in Revenues for 2009

BATON ROUGE, LA--(Marketwire - September 25, 2008) - Diamond I, Inc. (OTCBB: DMOI), a reporting company trading on the OTCBB that is to change its name to "US BioFuels Exchange, Inc.," offered its 2009 (first year) traded gallon volume and revenue forecasts for the US-BX ( online Biofuels exchange. The US-BX has forecast that 200,000,000 gallons of biofuels, including Biodiesel and Ethanol and other Biofuel-related products will be purchased and sold through the US-BX. The forecasted traded gallons volume would generate $1,875,000 in revenues from transaction fees.

James Kaufman, the US-BX's managing director, said, "We firmly believe the 2009 forecast is achievable and we are eager for our proprietary trading platform, the US-BX, to begin to bring order and a truly valuable tool to the historically chaotic Biofuels marketplace."

Tom Gray, a Biofuel and Petroleum Marketing Veteran, added, "Our trading platform has been carefully designed to trade any of the following quantities: Gallons, Truck Loads, Jumbo Rail Cars and even LTTL (Less Than Truck Load), depending on the Member's preference. Of course, to make the US-BX a key business tool and the center of the Biofuels industry, we will offer cost-effective volume discounts in Gallons, as well as in multiple Truck Loads and Rail Cars."

Information about the US-BX is available on its website:

About Diamond I, Inc.

The establishment of the US-BX represents DMOI's initial step in diversifying its business interests.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to enter successfully the alternative fuel industry and to expand its Internet-based business. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Diamond I's future business and financial results, refer to Diamond I's Annual Report on Form 10-KSB for the year ended December 31, 2007. Diamond I undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

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