SOURCE: Centaurus Diamond Technologies Inc.

July 17, 2012 07:00 ET

Centaurus Diamond Technologies Moves Development Process Forward

LAS VEGAS, NV--(Marketwire - Jul 17, 2012) - Centaurus Diamond Technologies Inc. (the "Company" or "Centaurus") (OTCBB: CTDT) (OTCQB: CTDT) is pleased to announce that it has signed an agreement with Tabco Products Inc. ("Tabco") for the development of its unique Centaurus' Magnatech Diamond Technology process. This patented technology enables the production of "cultured" diamonds that are chemically, atomically and structurally identical to natural diamonds. Centaurus' unique process applies a collapsing magnetic field to a carbon sample thereby changing its crystalline structure to that of a diamond.

Tabco specializes in machine fabrication and was instrumental in the production of the Company's first synthetic diamond process in 2006. Centaurus will utilize Tabco's strategic apparatuses and machinery to further develop its diamond technology.

About Centaurus Diamond Technologies.
Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically, and structurally identical to natural diamonds. The Gemological Institute of America has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols.

Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Centaurus Diamond Technologies, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

On behalf of the Board of Directors,
Wayne D. Prentice COO

Contact Information

  • For further information, please contact:
    American Capital Ventures
    Tel: 1-305-918-7000