SOURCE: Diamant Art Corporation

March 25, 2008 11:21 ET

Diamant Corporation Furthers National Consumer Awareness Efforts as British Prime Minister Gordon Brown Announces Tougher Measures to Dramatically Reduce the Society's Dependence on Single-Use Plastic Bags

Awareness Resulting in Legislative Action Regarding the Environmental Toxicity and Indestructibility of Traditional Non Degradable Plastic Bags Is Gaining Global Momentum

TORONTO--(Marketwire - March 25, 2008) - Diamant Corporation (OTCBB: DIAAF) is pleased to announce that British Prime Minister Gordon Brown recently informed retailers they had to start charging shoppers for the 13 billion plastic bags they currently distribute at no charge each year, or the government would step in to make it mandatory by law.

International progress to restrain the use of plastic bags is gaining momentum, as China and Australia recently announced crackdowns on the distribution of free plastic single-use bags, succeeding Ireland, Denmark and South Africa which have recently enforced compensation for the usage of retail single-use plastic bags.

"I am convinced we need to act; and the time to act is now," Prime Minister Brown wrote in the Daily Mail newspaper. "I want to make clear that if government compulsion is needed to make the change, we will take the necessary steps. We do not take such steps lightly, but the damage that single-use plastic bags inflict on the environment is such that strong action must be taken," he added.

Last year Brown successfully negotiated with British supermarkets to reduce the number of bags and increase their recycled content in a proactive effort to cut the environmental impact by 25 percent. However, the Prime Minister said more needed to be done. "I have already made clear that over time we should aim to eliminate the single-use plastic bag altogether," he wrote.

Diamant Corporation recently announced, that in an effort to contribute a noteworthy solution to this rapidly growing global crisis, the Company has successfully achieved a commercial level of inventory which provides the company with the capability of delivering an adequate amount of its proprietary bio-degradable additive to generate in the range of 1.5 billion grocery bags, or create 16,500,000 lbs of bio-degradable plastic that may be used to produce pallet wrap or Food film. The Company expects that this high volume availability will be a leading factor in the company's rise to becoming a leader in the industry.

About Diamant Film Inc.: Diamant Art Corporation (OTCBB: DIAAF), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc., is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant's Bio-Products contain Totally Degradable Plastic Additive. 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. Diamant™ Film has recently received the ECO logo certified by the Environmental Choice™ Program. The Environmental Choice™ Program is North America's leading benchmark of environmentally responsible products and services and the sole supplier of The Nor-X additive in North America.

Safe Harbor Act: 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: For more information visit our FILM division website of Diamant Art Corporation at http://www.diamantfilm.com or contact Investor Relations: Gibraltan Financial (407) 834-9777.

Contact Information

  • Contact:

    For more information visit our FILM division website of Diamant Art
    Corporation at http://www.diamantfilm.com

    or

    Investor Relations:
    Gibraltan Financial
    (407) 834-9777