TORONTO, Feb. 7, 2005 (PRIMEZONE) -- Diamant Art Corporation (OTCBB:DIAAF) is pleased to provide a progress report on its wholly owned subsidiary, Diamant Film Inc., to existing shareholders and the general public this morning, amidst a flurry of recent events.
Diamant Art reported that, through its wholly owned subsidiary Diamant Film Inc., has extended the Letter of Intent with Victory Packaging until February 28, 2005, in order to complete very positive testing of Diamant(tm) film with clients of Victory Packaging for meat, poultry and cheese in the United States.
Diamant Film Inc. has also been extensively testing its Diamant(tm) stretch wrap film with respect to the cheese industry in Canada.
Diamant Film Inc. has also been working extensively with Zing Bias Inc. (www.zingbias.com) of Toronto, Canada, with respect to its cutter box design, corporate logo and updated website which is anticipated to be available before the end of February, 2005.
Diamant Film Inc. CEO Stefan Gudmundsson states, "I am confident that the extensive Diamant(tm) film testing, the package design and other corporate initiatives will result in the commencement of commercial orders for Diamant(tm) film stretch wrap in the current month of February, 2005."
Diamant Film Inc. has developed a cutter box which, in the near future, will be introduced to Victory Packaging and other potential clients as a practical and attractive packaging solution for the consumer market.
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 United States and Canada.
About Diamant Art Corporation's Film division
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) 752-0220, 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.