SOURCE: World Wide Cannery & Distribution Inc.

September 22, 2006 12:31 ET

World Wide Cannery and Distribution Becomes Global Diamond Exchange

NEW YORK, NY -- (MARKET WIRE) -- September 22, 2006 -- Effective immediately, World Wide Cannery and Distribution (PINKSHEETS: WWCD) has changed its business model along with its company name. World Wide, through the board members affiliation in the Diamond industry, has joined forces with Global Diamond Exchange (PINKSHEETS: GBDX) and has taken on the company name along with a new trading symbol of GBDX and Cusip number 378977102.

Furthermore, the company has opened two new offices in New York City where it will be conducting its wholesale business. The sales office is located at:

                    Global Diamond Exchange Inc.
                    The Global Jewelers Building
                    2 West 46th Street, Suite 704
                    New York, NY 10036
                    (212) 221 0910
The company’s administrative office is located in New York City as well, with the address being:
                    Global Diamond Exchange
                    Rockefeller Plaza Center - 7th Floor
                    1320 Avenue of the Americas
                    New York, NY 10020
                    (646) 756-2866 - phone
                    (646) 756-2999 - fax
Global Diamond Exchange has reopened its wholesale operation in New York. The office is in the same exact building that they occupied over twelve years ago. The company, which has been in operation for over 17 years, exports rough and cut diamonds from the Russian Federation and other diamond producing regions. Global is pleased to be back in the “New York Diamond District” which supplies over 90% of all diamonds to North America.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

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