Diamant Art Corporation
NASDAQ : DIAAF

March 10, 2005 14:22 ET

Diamant Art Corporation Signs Agreement with Presidential Holdings

Attention: News Editor TORONTO--(CCNMatthews - March 10, 2005) - Diamant Art Corporation (OTCBB:DIAAF) is pleased to announce that, through its wholly owned subsidiary Diamant Film Inc., it has signed an exclusive distribution agreement with Presidential Holdings, Inc. based out of Coral Springs, Florida. The distribution agreement gives Presidential Holdings the exclusive right to sell, market and distribute the company's Diamant(TM) film to the United States military market throughout the U.S.

Diamant Film Inc. (www.diamantfilm.com) CEO Stefan Gudmundsson states, "I am very pleased to be working with a company that I believe has the former military and marketing personnel that can introduce our Diamant(TM) film to the unique and very lucrative market of the U.S. military. Specifically, retired Atlantic Fleet Vice Admiral Mr. Henry C. Giffin, III, a Senior Strategic Consultant with Presidential Holdings, Inc. and a member of Diamant's Advisory Board, formerly managed a corporate sales division that was responsible for several hundred million dollars in sales to the U.S. Navy. I believe that with the appropriate introduction to the U.S. military market, our product will speak for itself. I look forward to a long and mutually rewarding relationship with Presidential Holdings into the future."

Presidential Holdings (www.presidentialholdings.com) is comprised of a number of professional military and private sector consultants that have the ability and experience to guide companies in obtaining governmental cooperative research and development agreements with the military. To date, they have been successful with a number of companies in achieving their goals.

About Diamant Art Corporation

Diamant Art Corporation, through its wholly owned subsidiary Diamant Film Inc., has secured a ten-year agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights in the United States, Canada and Mexico to Diamant(TM) film, a non-PVC food stretch film. Diamant(TM) film is the world's first plasticizer-free stretch film based on polystyrene and the first food wrap film that is environmentally friendly and recyclable. Diamant(TM) film has recently received the ECO logo certified by the Environmental Choice(M) Program. The Environmental Choice(M) Program is North America's leading benchmark of environmentally responsible products and services. Diamant has successfully met the criteria for both the 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.

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.
IN: TECHNOLOGY, TRADE

Contact Information

  • Stefan Gudmundsson, CEO and President of Diamant Film Inc., Diamant Art Corporation
    Primary Phone: 905-752-0220