SOURCE: Diamant Art Corporation

May 03, 2007 09:00 ET

Diamant to Debut Environmentally Friendly Bio-Shrink Film for the Packaging of Convenient Food Products, Electronic Goods, DVDs and Other Consumer Goods

TORONTO -- (MARKET WIRE) -- May 3, 2007 -- Diamant Film Inc., a division of Diamant Art Corporation (OTCBB: DIAAF), manufacturer and distributor of the world's first plasticizer-free stretch film based on polystyrene and the first food wrap film that is environmentally friendly and recyclable, announced today that the company is completing the final testing before ordering the manufacture of its low density polyethylene based biodegradable shrink film which can be used to package beverages, preserved foods, electronic goods, DVDs and other consumer goods. Diamant's new bio-shrink film should be available to the company's existing product line for the 2nd quarter of this year.

The introduction of Diamant's bio-shrink film, which will contain no polyvinyl chloride (PVC), is timely, as computer manufacturers like Apple and Dell have committed to eliminating PVC plastics from their products and requiring ecologically friendly products.

Regarding the new product, Diamant Art Corporation CEO and President, Stefan Gudmundsson, said, "There is no doubt that an environmentally friendly, non-PVC shrink wrap is needed. Shareholders are beginning to demand it of companies, and consumers and environmental groups are pressuring manufacturers to phase out toxic substances from products."

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