SOURCE: Diamant Art Corporation

April 12, 2007 09:00 ET

Diamant Art Corporation Praises New York, Los Angeles, and Portland City and State Representatives for Considering Measures to Ban Plastic Grocery Bags

Company Also Receives Another New Order for Its Biodegradable Pallet Wrap and Its Food Film Which Has Received the Eco-Logo

TORONTO -- (MARKET WIRE) -- April 12, 2007 -- Following San Francisco lawmakers 10-1 approval to ban plastic grocery bags just last week, New York State, Los Angeles, and Portland officials have all begun to consider the impact plastic grocery bags are having on our environment and are mulling over the idea of following San Francisco in its groundbreaking ban in the US. Diamant Art Corporation (OTCBB: DIAAF), which manufactures and distributes a line of environmentally conscious bio-degradable plastic wrap, bio-products and food films, wishes to commend city and state officials in NY, LA, and Portland as they commence studies and proposals that would prohibit grocery stores and pharmacies from offering plastic grocery bags.

Concurrent with today's announcement, Diamant Art would also like to announce that the company has received another new order, this time from a Major West Coast-based company. The order is for Diamant's Biodegradable pallet wrap and its food film which has received the Eco-Logo.

Diamant Art Corporation CEO and President Stefan Gudmundsson stated, "We are pleased to see how quickly other cities are considering adopting this law. We anticipate that after initial studies are performed, city and state representatives will unanimously approve this legislation."

Diamant Bio-Products contain Totally Degradable Plastic Additive (TDPA) Oxo-Biodegradable Technology. TDPA-based plastic products will degrade and ultimately biodegrade. 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.

Safe Harbor

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:
    Stefan Gudmundsson
    CEO and President