posted
Diamant Art Corporation Enters Korea's Food Wrap Market. 12/2/05
TORONTO, Dec 02, 2005 (MARKET WIRE via COMTEX) -- Diamant Art Corporation (OTC BB: DIAAF) is pleased to announce today that, through its wholly owned subsidiary, Diamant Film Inc., it has secured an agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights to South Korea for Diamant stretch film, a non-PVC food wrap. Diamant Art Corporation has already secured the rights to the U.S.A., Canada, Mexico, Bahamas, the Territory of People's Republic of China, and now with the addition of South Korea gives the Company exclusive marketing and distribution rights for Diamant stretch film to a greater Asian market and a $700 million North American market.
Diamant stretch film is an excellent alternative to PVC film as it does not allow for the migration of harmful agents between the film and the food. Currently, stretch film food wrap products contain Poly Vinyl Chloride (PVC), a compound found to be harmful for human consumption and to the environment. In North America, legislation is being considered to limit the use of PVC products. The State of New York has already introduced restrictions on the use of PVC in the food wrap industry. The Company believes they possess the only economically viable polystyrene alternative to PVC stretch film for the North American food wrap industry.
Diamant stretch film has been approved by the Canadian Health Protection Branch for food contact and qualifies for the United States Food and Drug Administration non-objection status.
Diamant Film Inc. has been authorized to use Canada's Environmental Choice Program (ECP). The ECP is North America's leading benchmark of environmentally responsible products and services. The mission of the ECP is to reduce the stress on the environment by encouraging the demand for and supply of environmentally responsible products and services. Canada's environmental Choice Program and its EcoLogo are internationally renowned because of the program's stringent certification process. Diamant stretch film has successfully met the criteria for both 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.
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. 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.
Stefan Gudmundsson CEO and President Diamant Film Inc. (905) 752-0220 www.diamantfilm.com.
posted
looks like a little short squeeze to me..... looking good over the past ten minutes. a little more volume and we may take off. Watch how they will try to keep it under .012.
IP: Logged |
posted
This is not the expected PR....the real PR I believe and imo is in the process of being editted so both parties are in agreement of the content.
posted
It is good news. They bid on marketing rights and a company wouldn't shell out the money if the film didn't have some potential. Just gives the stock more upside by one more country.
posted
Quest--I believe you said INTL is the one you think is diluting for the co? Everytime it starts to go, he comes on the ask
I don't think the mms have to hold anything down right now, people are just deciding to get out...475k & 239k sales at .101???
but interesting, wonder if the last buy couldn't get filled by intl....filled above the ask by 2
as far as the chart goes, we keep experiencing lower highs and lower lows...technically this looks like crap. I hope the news comes out this week.
IP: Logged |
posted
Yeah ... I'm looking at the chart and seeing that the MACD is about to cross well above zero, but I don't know if the last 4 red days is enough to count as a trend. If not, then this could mark a reversal from the huge shot up to .014, 2 weeks ago.
posted
akira--I think the problem here is the massive dilution over the past week. The good news is we haven't gone through .01 yet. I think that would signal the reversal.
IP: Logged |
posted
True Kat. That's been another thing making me wonder about the patterns ... the fact that it hasn't fallen through does speak to enough buying pressure.
IP: Logged |
posted
Regardless, we're not going to get any news until this dumping stops, imo.
AT BEST, this is a transfer of shares from the company to some new owners in an attempt to get shares before a PR would rocket it.
The fact that the dumping has been huge, what are we looking at, somewhere around 200 mil (?), and the price hasn't plummeted means someone is buying, which is good.
But I would doubt any pr coming out until this ends.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Mad]](mad.gif)
