SOURCE: Diamant Art Corporation

October 19, 2005 16:00 ET

Diamant Art Corporation to Form Wholly Owned U.S. Subsidiary in Florida at Presidential Holdings Inc. Offices

TORONTO -- (MARKET WIRE) -- October 19, 2005 -- Diamant Art Corporation (OTC BB: DIAAF) is pleased to report that the Board of directors have approved the immediate formation of a wholly owned subsidiary at Presidential Holdings, Inc offices located in the state of Florida, U.S.A, in anticipation of working with the U.S military for the introduction of DIAMANT FILM.

Diamant Film Inc. is also pleased to have Mr. Henry C. Giffin III, Senior Advisor for Presidential Holdings Inc. as its first advisor on Diamant Advisory Board. Mr. Giffin is former Vice Admiral, U.S. Navy, Commander, Naval Surface Force, U.S. Atlantic Fleet. Mr. Giffin is currently Senior Strategic Consultant with Presidential Holdings, Inc. For a complete outline of Mr. Giffin's accomplishments as well as other advisors of Presidential Holdings please visit (http://www.presidentialholdings.com).

Diamant Film Approved for all foods by Swiss and European Union Governing bodies. According to European Union guidelines, the result that Diamant™ Film "corresponds to the currently applicable legal requirements regarding food hygiene for contact with aqueous, acidic, alcoholic and oily or fatty food stuffs." This approval validates Diamant's claims that Diamant™ film can be used for all kinds of food.

For further information, please contact Stefan Gudmundsson, CEO and President of Diamant Film Inc., at (905) 752-0220, or visit our website at www.diamantfilm.com.

This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.

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