SOURCE: Diamant Art Corporation

February 22, 2008 09:00 ET

Diamant Art Corporation to Continue Penetrating Market With New Advanced Patented Biodegradable Product as State Legislators Nationwide Continue to Propose Eco-Friendly Solutions to the Plastic Bag Industry

TORONTO--(Marketwire - February 22, 2008) - Diamant Corporation (OTCBB: DIAAF) is pleased to announce that the Company is well positioned to supply their proprietary biodegradable additive to all plastic bag manufacturers Nationwide in light of the growing demands of this swiftly evolving ecologically conscious market. The industry is experiencing a notable shift in demand for biodegradable alternatives. Nationwide, legislators, such as Wisconsin Representative Mr. Mark Pocan, mobilize to bring ecological reform. Rep. Mark Pocan, D-Madison, and Sen. Bob Jauch, D-Poplar, have introduced a bill that would ban retail stores from providing non-biodegradable plastic bags to consumers.

Mr. Pocan stated recently that, according to this bill, retailers would still be able to offer plastic bags intentionally made to be biodegradable and are intended for re-use. He went on to comment regarding the fact that these bags are much better for the environment and their cost compares to paper bags.

In an article published on the local Madison.com website, it was stated: "Despite the opposition from industry, there is a growing national and international movement to ban plastic bags. In March, San Francisco passed a law to ban plastic checkout bags at large supermarkets in six months and at large chain pharmacies a year later. The national foods retailer Whole Foods announced last month that, as of April 22, its 270 stores in the U.S., Canada and the U.K. would no longer offer plastic bags."

Pocan noted that only about 5 percent of the one trillion plastic bags used around the world annually are recycled, according to the Environmental Protection Agency. The vast majority end up polluting waterways, getting stuck in trees or being dumped in landfills, where they take 1,000 years to break down. Moreover, because plastic bags are made with petroleum, they increase the United States' reliance on foreign crude oil, Pocan said. Biodegradable bags, in contrast, are made with the starch from corn and other agricultural products.

Nor-X™ Degradable has been successfully tested in full scale recycling up to 80% added plastic containing Nor-X™ Degradable, with no problem during the recycling production. The degradation time can be tailor-made according to customer's individual needs (product life time, use and degradation requirements).

About Nor-X Industry AS: www.nor-x.no/ Nor-X Industry AS is a privately owned Norwegian environmental technology company that manufactures, documents, protects and sells specialized additives to provide new commercially viable and practical environmental solutions to the international polyolefin plastics industry.

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 the sole supplier of The Nor-X 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