SOURCE: Diamant Art Corporation

March 29, 2007 09:00 ET

Diamant Art Corporation Readies Its Bio-Product Line as San Francisco City Lawmakers Approve Ban on Plastic Grocery Bags

TORONTO -- (MARKET WIRE) -- March 29, 2007 -- In conjunction with yesterday's announcement that San Francisco city lawmakers approved a ban on plastic grocery bags, by a 10-1 margin, Diamant Art Corporation (OTCBB: DIAAF) is readying its line of environmentally conscious bio-degradable plastic wrap, bio-products and food films to meet the demands of the new plastic-bag ban in San Francisco.

San Francisco Mayor Gavin Newsom supported the plastic-bag ban and is expected to sign it into law. As such, San Francisco would be the first city in the United States to pass such a ban. With the expectation that other cities will soon follow suit and demand that grocery stores and pharmacies only offer the choice of bags made of paper that can be recycled, plastic that breaks down easily enough to be made into compost, or reusable cloth, Diamant Art Corporation is preparing to meet the demands of the new ban in San Francisco, as well as future cities that adopt the legislation.

Regarding the new measure, Diamant Art Corporation, through its wholly owned subsidiary Diamant Film Inc., CEO and President, Stefan Gudmundsson, stated, "This is landmark legislation for the city of San Francisco. Hopefully, more cities will adopt the law and join the many countries throughout Europe and Asia that already prohibit non-bio-degradable based bags."

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 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.

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.

Investors should refer to documents that the Company has filed 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.

Contact Information

  • Contact:
    Diamant film Inc.
    Stefan Gudmundsson
    CEO and President