SOURCE: Diamond I, Inc.

March 13, 2008 11:20 ET

Diamond I Announces Plans to Open Additional Online Casinos

Success of Company's IslandBlueCasino.net in Generating Ad Revenues Primary Factor

BATON ROUGE, LA--(Marketwire - March 13, 2008) - Diamond I, Inc. (OTCBB: DMOI) announced today that it intends to open additional online virtual casinos in the near future. DMOI's determination is based on the success of its first virtual casino, IslandBlueCasino.net, a free for-entertainment-only Poker site legal for users in the United States, in generating revenues through its click-through advertising program.

"We couldn't be more pleased with the growth of IslandBlueCasino.net and the success of the click-through advertising program," said DMOI's CEO, David Loflin. "We also believe our ad revenues will be enhanced significantly when we implement our click-through program with Google AdSense."

About Diamond I, Inc. (www.wificasino.net)

Recently, DMOI opened its first free online Poker web site, IslandBlueCasino.net, a for-entertainment-only site legal for users in the United States. Island Blue Casino was designed to create a revenue stream for the company, through the use of click-through advertising programs, such that offered by www.Amazon.com.

In addition to operating its online Poker sites, DMOI has determined to diversify its business interests, with an initial effort focused on the oil and gas industry. DMOI expects to announce other diversification initiatives in the future.

In addition, DMOI owns the rights to patent-pending voice-recognition and fingerprint biometric security technologies. These security technologies will be incorporated into DMOI's WifiCasino GS wireless, hand-held gaming system, which includes the hand-held gaming unit known as the "GS3." With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos. DMOI continues to seek a hotel/casino to serve as the demonstration site for its WifiCasino.

Forward-Looking Statements

Certain statements contained herein may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. Certain statements contained herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of DMOI's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although DMOI believes the statements are reasonable, it can give no assurance that such expectations will prove correct. DMOI cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.

Contact Information

  • Contact:
    David Loflin
    225-341-4004