SOURCE: Diamant Art Corporation

August 07, 2008 08:30 ET

Diamant Art Corporation Announces the Availability of Fully Compostable Bags Manufactured Specifically for Distribution Directly to Retail Vendors

As Major Metropolitan Cities Such as Los Angeles Ban Non Degradable Plastic Grocery Bags, Diamant Film Bridges the Distribution Gap and Opens a Whole New Market for the Company

TORONTO--(Marketwire - August 7, 2008) - Diamant Corporation (OTCBB: DIAAF) is pleased to announce that through its wholly owned subsidiary Bio-Plastics Film Inc. the Company has positioned itself to supply and distribute directly fully compostable plastic grocery bags for immediate orders. This diversification in the marketing strategy of the Company comes in light of the growing paradigm shift in the plastic industry, and the heavy anticipated demand for biodegradable and compostable bags based on the outlawing of traditional plastic bags.

Diamant Film's innovative bags are Certified Compostable under ASTM- D- 6400 and are made of fully compostable material, which remains inert until it's intergraded with biodegradable materials in a compost site. Once exposed to favorable conditions, the revolutionary bags will then totally compost in the time frame of the pile of degradable material ranging from 90 to 160 days.

All government environments who aspire to maximize their recycling efforts and ultimately eliminate landfills altogether, are creating compost programs at the city level. Practically all materials can now be recycled, and the only products that need to be dealt with separately are the degradable residential consumables such as banana peels, perishable meal remnants, and other like degradables.

As these degradables are placed in compost bags and brought to the compost facility, the materials, both the bag and its contents, combined with some earth and peat moss, evolves into a material known as "loam" which then becomes a product that they can sell to gardeners.

Recently announced was the landmark decision passed by the Los Angeles City Council recently voted to ban plastic shopping bags from stores, beginning July 1, 2010. The council voted unanimously. Diamant Film is dedicated to respond to the growing demands of this swiftly evolving ecologically conscious market.

About Diamant Film Inc.: Diamant Art Corporation (OTCBB Ticker: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: For more information visit our FILM division website of Diamant Art Corporation at http://www.diamantfilm.com, or Contact Investor Relations: Gibraltan Financial (407) 834-9777

Contact Information

  • Contact:
    Investor Relations
    Gibraltan Financial
    (407) 834-9777