TORONTO, Feb. 4, 2005 (PRIMEZONE) -- Diamant Art Corporation (Nasdaq:DIAAF) is pleased to announce that through its wholly owned subsidiary, Diamant Film Inc., and pursuant to a Letter of Intent with Victory Packaging announced on November 3, 2004, Diamant Film Inc. and Victory Packaging have agreed to extend the date for signing a definitive distribution agreement for the right to sell Diamant(TM) film to the industrial, supermarket, institutional and catering markets for North America, until February 28, 2005.
This agreement extension is as a result of very positive testing performed by Diamant Film Inc. with the clients of Victory Packaging for Diamant(TM) stretch film with respect to meat, poultry and fish in the industrial, supermarket, institutional and catering markets and the possible expansion of Diamant(TM) film into the direct consumer market utilizing Diamant's new cutter box packaging solution.
Victory Packaging (www.victorypackaging.com) has been at the forefront of the packaging industry for 25 years. As the only national organization dedicated entirely to providing packaging solutions, Victory offers its clients a complete packaging solution with product lines ranging from paper/cushion packing and strapping to pallets and moving supplies. Its sizeable fleet makes daily deliveries from local warehouses in every major market in the U.S. and Canada.
About Diamant Art Corporation
Diamant Art Corporation, through its wholly owned subsidiary Diamant Film Inc., has secured a ten-year agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights in the United States and Canada to Diamant(TM) film, a non-PVC food stretch film. Diamant(TM) film is the world's first plasticizer-free stretch film based on polystyrene and the first food wrap film that is environmentally friendly and recyclable. Diamant(TM) film has recently received the ECO logo certified by the Environmental Choice(M) Program. The Environmental Choice(M) Program is North America's leading benchmark of environmentally responsible products and services. Diamant has successfully met the criteria for both the environmental and performance standards.
For further information, please contact Stefan Gudmundsson, CEO and President of Diamant Film Inc., at (905) 477-0252, or visit our website at www.diamantfilm.com.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.