TORONTO, March 7, 2005 (PRIMEZONE) -- Diamant Art Corporation (OTCBB:DIAAF) is pleased to announce that it has, through its wholly owned subsidiary Diamant Film Inc., signed a Letter of Intent for an exclusive distribution agreement with Presidential Holdings, Inc. based out of Coral Springs, Florida. The Letter of Intent is for the exclusive distribution rights of Diamant(tm) film to the United States military market throughout the U.S. and wherever their bases and facilities might be worldwide.
Diamant Film Inc. (www.diamantfilm.com) CEO Stefan Gudmundsson states, "I am very pleased to be working with a company that I believe has the former military and marketing personnel that can introduce our Diamant film to a unique and very lucrative market as the U.S. military at which point we believe our product will speak for itself. Due to the expressed interest of Presidential Holdings in our Diamant film, we anticipate signing a definitive agreement in the near future."
Presidential Holdings (www.presidentialholdings.com) is comprised of a number of professional military and private sector consultants that have the ability and experience to guide companies in obtaining governmental cooperative research and development agreements with the military. To date, they have been successful with a number of companies in achieving their goals.
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, Mexico and Canada to Diamant film, a non-PVC food stretch film. Diamant 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 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.
Safe Harbor
This release may contain forward-looking statements that involve uncertainties and risks. Actual results may differ materially from the results predicted. Important factors which could cause actual results to differ materially from those expected or implied in the forward-looking statements are detailed in filings with the Securities and Exchange Commission made from time to time by DIAMANT ART CORPORATION including its periodic reports on Form 20F and 6-K. All funds are quoted in Canadian Funds unless stated otherwise. DIAMANT ART CORPORATION undertakes no obligation to release publicly any revision to any forward-looking statements to reflect events or circumstances arising after the date hereof.