SOURCE: Diamant Art Corporation

January 29, 2008 08:30 ET

Diamant Art Corporation Continues to Receive Orders as Demand for Bio-Degradable Plastic Grows

Madison County, Wisconsin's Commission on the Environment Last Month Prioritized the Plastic Bag Issue on Its Priority List in 2008 Based on Recent Enacted Laws in San Francisco and New York City

TORONTO--(Marketwire - January 29, 2008) - Diamant Art Corporation (OTCBB: DIAAF) is pleased to announce that they have received another order from one of Diamant's distributors NNZ Inc. www.NNZUSA.com for bio-plastic film, a company with offices both in the United States and Europe and whose focus is in the introduction of biodegradable cling film to the produce industry in the United States, a subsequent order that is expected to result in a reoccurrence of orders that will grow as demand continues to increase.

Whole Foods recently announced that it would end use of plastic in all of its stores. Stores will deplete inventory by Earth Day this year, April 22. Whole Foods stores will instead offer shoppers a reusable "Better Bag" for 99 cents made of recycled material, as well as paper sacks in a variety of sizes.

Madison County, Wisconsin's Commission on the Environment last month put the plastic bag issue on its list of topics to discuss in 2008 after hearing about other cities that have enacted laws to end or curb plastic bag use, including San Francisco and New York City. The committee will gather information to help it consider recommending that the city enact some sort of plastic bag ban or retailer recycling requirement, or provide city recycling drop-off points.

In an article published by Madison's local news source, The Capital Times, its quoted that "Only 1 to 2 percent get recycled, and the rest goes into landfills," said commission chair Jon Standridge. "They're difficult to deal with because they blow around and are considered escaped garbage." He continued, "In addition, most plastic bags are not made from renewable resources."

Furthermore, it was stated by Mr. Dreckmann that there are environmental reasons to choose plastic. "They're cheaper to transport to stores -- one semi of plastic equals seven truckloads of paper bags," he explained.

"We provide a great solution to these challenges. The market for disposable plastic bags is growing by leaps and bounds. We expect the frequency and sizes of our orders to grow in accordance to this significant developing demand," stated Diamant Film Inc.'s CEO and President, Stefan Gudmundsson.

About Diamant Film Inc.: Diamant Art Corporation (OTCBB: DIAAF), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com), 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.

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