LAS VEGAS, Oct. 24, 2007 (PRIME NEWSWIRE) -- Diamond I, Inc. (OTCBB:DMOI) announced today that it has opened its free Texas Hold 'em web site to online players at www.islandbluecasino.net. Island Blue Casino, DMOI's free Poker site, is a for-entertainment-only site and is legal for users in the United States. DMOI also announced that its Poker website has been designed to create a revenue stream for the company, through the use of click-through advertising program, Amazon.com. DMOI indicated that its Island Blue Casino website is the first of many sites to be launched in the near future.
"Poker continues to be the most popular online gaming destination and we anticipate success as we attempt to generate revenues through our click-through ad links by capturing online poker traffic," said DMOI's CEO David Loflin. "We use this and future web sites to showcase our software and gaming platforms," added Mr. Loflin.
About Diamond I, Inc. (www.wificasino.net)
Voice-Print and Finger-Print Technologies. 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(tm), which includes the GS3(tm), 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.