March 18, 2008 12:11 ET

Diamond I's Free Poker Web Site Providing Bridge to Company's GS3™ Wireless Handheld Gaming Unit

Company's IslandBlueCasino.net Generates Revenues and Serves as Marketing Research Tool for Future WifiCasino Installations

BATON ROUGE, LA--(Marketwire - March 18, 2008) - Diamond I, Inc. (OTCBB: DMOI) announced today that, with the success of its first virtual casino, IslandBlueCasino.net, it has been able to begin the process of refining its game offerings, not only for the IslandBlueCasino.net players, but also for future users of DMOI's GS3 wireless handheld gaming unit in casinos.

"Due to the volume of IslandBlueCasino.net's players, especially the volume of registered players, we have determined that the game-usage sample sizes are large enough to use in creating and evaluating our future game offerings at IslandBlueCasino.net and future online casinos," said DMOI's CEO, David Loflin. IslandBlueCasino.net not only brings revenues to our company through our click-through advertising program, it also provides us direct access to important consumer preference information. This consumer preference information will be most useful when we begin to market our WifiCasino wireless gaming system, which includes the GS3 handheld unit, to casinos and other gaming-friendly venues," added Mr. Loflin.

DMOI recently announced that IslandBlueCasino.net experienced an increase of over 50% in registered players at the casino's virtual tables from December 2007 to February 2008 and 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 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, 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.