SOURCE: Diamond I, Inc.

March 27, 2008 10:10 ET

Diamond I Launches VegasBetLive.com, a New Free Online Casino With Integrated User Blog

Free Poker Web Site Is Follow-up to Company's IslandBlueCasino.net; Same Login Info Accesses Both Casinos

BATON ROUGE, LA--(Marketwire - March 27, 2008) - Diamond I, Inc. (OTCBB: DMOI) announced today that its second free online casino, VegasBetLive.com (www.vegasbetlive.com), opened to online players yesterday. VegasBetLive.com is a free Poker site for entertainment only and is legal for users in the United States. VegasBetLive.com features a users blog, where players can share their experiences and discuss the web site happenings. Both sites have also been integrated in a way that permits players to access each site's Poker tables using the same login information. VegasBetLive.com, like its sister site, IslandBlueCasino.net, has been designed to create a revenue stream for DMOI, through the use of click-through advertising programs, including Google Adsense™ and Amazon.com.

"We believe VegasBetLive.com will build on our success with IslandBlueCasino.net, not only with attracting players but with the revenues from our click-through advertising program," said DMOI's CEO, David Loflin. "We believe our new site will be a perfect complement to our first online venue."

DMOI recently announced that IslandBlueCasino.net had entertained over 25,000 distinct hits during February 2008, a 66% increase over November 2007's number of hits. The company also announced that the increased site traffic allowed for IslandBlueCasino.net to continue to derive monthly revenues from its click-through advertising program with www.Amazon.com.

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

Recently, DMOI opened its first two online Poker web sites, IslandBlueCasino.net and VegasBetLive.com, for-entertainment-only sites legal for users in the United States. Island Blue Casino and VegasBetLive.com were designed to create a revenue stream for the company, through the use of click-through advertising programs, such as that offered by Google Adsense™ and Amazon.com.

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.

Also, 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.

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:

    Diamond I, Inc.
    David Loflin
    225-341-4004