SOURCE: DIAMANT ART CORP

October 31, 2005 12:43 ET

Diamant Art Corporation Secures Exclusive Rights for the Territory of the People's Republic of China

TORONTO -- (MARKET WIRE) -- October 31, 2005 -- Diamant Art Corporation (OTC BB: DIAAF) is pleased to announce today that, through its wholly owned subsidiary, Diamant Film Inc., it has secured an agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights to the Territory of the People's Republic of China for Diamant stretch film, a non-PVC food wrap. Diamant Art Corporation has already secured the rights to the U.S.A., Canada, Mexico and Bahamas and now with the addition of the Territory of the People's Republic of China, gives the Company exclusive marketing and distribution rights for Diamant stretch film to a population of 1.3 billion and in the North American market of $700 million industry.

Diamant stretch film is an excellent alternative to PVC film as it does not allow for the migration of harmful agents between the film and the food. Currently, stretch film food wrap products contain Poly Vinyl Chloride (PVC), a compound found to be harmful for human consumption and to the environment. In North America, legislation is being considered to limit the use of PVC products. The State of New York has already introduced restrictions on the use of PVC in the food wrap industry. The Company believes they possess the only economically viable polystyrene alternative to PVC stretch film for the North American food wrap industry.

Diamant stretch film has been approved by the Canadian Health Protection Branch for food contact and qualifies for the United States Food and Drug Administration non-objection status.

Diamant Film Inc. has been authorized to use Canada's Environmental Choice Program (ECP). The ECP is North America's leading benchmark of environmentally responsible products and services. The mission of the ECP is to reduce the stress on the environment by encouraging the demand for and supply of environmentally responsible products and services. Canada's environmental Choice Program and its EcoLogo are internationally renowned because of the program's stringent certification process. Diamant stretch film has successfully met the criteria for both environmental and performance standards.

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.

Safe Harbor

This release may contain forward-looking statements that involve uncertainties and risks. Actual results may differ materially from the results predicted. Important factors which could cause actual results to differ materially from those expected or implied in the forward-looking statements are detailed in filings with the Securities and Exchange Commission made from time to time by DIAMANT ART CORPORATION. DIAMANT ART CORPORATION undertakes no obligation to release publicly any revision to any forward-looking statements to reflect events or circumstances arising after the date hereof.

Contact Information

  • For further information, please contact:
    Stefan Gudmundsson
    CEO and President
    Diamant Film Inc.
    (905) 752-0220
    www.diamantfilm.com