SOURCE: Diamant Art Corporation

October 22, 2010 09:40 ET

Diamant Art Corporation Discloses Pending $ 11.1 Million USD Order Status Through Israeli Business Partner, Zvi Noyman LTD

TORONTO--(Marketwire - October 22, 2010) - Diamant Art Corporation (PINKSHEETS: DIAAF) and (FRANKFURT: HGHN), a publicly traded INTERNATIONAL company that assists businesses in boosting revenues and decreasing expenses through its product management and security solutions, has announced that its wholly owned subsidiary -- T&R International (http://www.thinkandreact.com). That the Company is in full swing of its market penetration strategy for the territories throughout Israel, and are experiencing an outstanding response in the marketplace.

T&R's Revolutionary Energy Saving product is already approved in several of the largest electric and utility facilities is in current negotiations. Total orders pending are in the range of 11.15 Million USD. The following is a list of potential clients and the respective value of each potential agreement:

  • Nesher Cement Factory, $ 400 Thousand USD
  • The Israeli Water Company, $ 4.5 Million USD
  • The 3 Desalination Factories, $ 2.3 Million USD
  • Celcom, Mobil Tel Company ,$ 1.7 Million USD
  • 15 buildings of 140 apartments each, $ 2.25 Million USD

 For a total of $ 11.15 Million USD

Zevi Noyman LTD has been in operation since 1953, and is highly recognized for its honest and enduring relationship with its clients all over Israel. The company's notable reputation alongside T&R's cutting edge technology is expected to create a swift and effective market presence. 

"It's very impressive to have witnessed our Israeli Partner, Zevi Noyman LTD, take the ball and run with it on this project. It appears that our high expectation in this territory will be exceeded, judging by the momentum that has been created thus far. We are very pleased that Zevi Noyman LTD is on board," stated Mr. Michel Van Herreweghe, CEO of Diamant Art Corporation.

About Diamant Art Corporation
Diamant Art Corporation is a provider of unparalleled product management and security solutions and technologies designed to help a variety of businesses boost revenue, sales, and operations while increasing their bottom line. The company's products help retail chains, museums, airports, convention centers, hotels, casinos, museums, and department stores increase productivity and performance.

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 Information

  • Contact:
    Investor Relations:
    Gibraltan Financial
    (407) 830-9777