SOURCE: Diamond I, Inc.

December 13, 2007 06:00 ET

Diamond I's Free Poker Web Site, Island Blue Casino, Opens New Poker Tables as Traffic to Site Increases

Island Blue Casino Opens Additional Texas Hold'em and Stud Poker Tables to Meet Visitor Demand

BATON ROUGE, LA--(Marketwire - December 13, 2007) - Diamond I, Inc. (OTCBB: DMOI) announced today that its free Poker web site, www.islandbluecasino.com, continues to experience high traffic and player sign-ups. In response to the continuing high volume of sign-ups, Island Blue Casino has opened additional Texas Hold'em and Stud Poker tables for online players to enjoy.

Island Blue Casino, DMOI's first free online Poker site, is a for-entertainment-only site and is legal for users in the United States. This Poker web site, as well as planned future web sites, has been designed to create a revenue stream for the company through the use of a click-through advertising program offered by Amazon.com.

"We are certainly extremely encouraged by the volume of traffic to our Island Blue Casino free Poker web site," said DMOI's CEO David Loflin. "We expect that our click-through advertising programs embedded in the Island Blue Casino site will serve as an effective conduit for generating revenues."

About Diamond I, Inc. (www.islandbluecasino.com)

Recently, DMOI opened its first free online Poker 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 as that offered by 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.

DMOI is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as WifiCasino™, which includes the GS3™, the user-friendly wireless hand-held unit. The term Wi-Fi (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.

With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, DMOI seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to DMOI's WifiCasino and, assuming DMOI continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with DMOI. DMOI continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. DMOI has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.

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.
    Baton Rouge
    David Loflin
    225-341-4004