TORONTO, Feb. 13, 2005 (PRIMEZONE) -- Diamant Art Corporation, (Formerly Art International Corporation) (OTCBB:DIAAF) announced that, as of the end of its fiscal year on November 30, 2004, it was a "foreign private issuer" since it was organized under the laws of Ontario, Canada and approximately 80% of its outstanding voting securities are held of record by persons who are not residents of the United States. As a "foreign private issuer", the Company has elected to file its annual report on Form 20-F, which must be filed on or before May 31, 2005. Due to this transition, shareholders and other interested persons should be aware that the Company will not be filing an annual report on Form 10-K, which would have been filed on or before February 28, 2005. All future reports will be filed by the Company consistent with its status as a "foreign private issuer."
About Diamant Art Corporation
Diamant Art Corporation, formerly Art International Corporation, is engaged in both the distribution of its patented(tm) ARTAGRAPHS and DIAMANT FILM through its subsidiary. The Company's reproductions on canvas are marketed using the Artagraph Editions trademark. Artagraph Editions replicates both the color and brush stroke texture so that the resulting works of art are almost indistinguishable by the average person.
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 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 wrapping film that is environmentally friendly and recyclable.
For more information please visit our website, http://www.diamantfilm.com.
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, formerly ART International Corporation, including its periodic reports on Form 10-K, 10-Q and 8-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.