Diamond Bay Holdings -Pink Sheets: DBHD- Announces Exclusive License Deal; Company Acquires Rights to Market Security Tracking Product in North America.FALLS CHURCH Falls Church, independent city (1990 pop. 9,578), NE Va., a residential suburb of Washington, D.C.; inc. as a town 1875, as a city 1948. There is diverse light manufacturing, including telecommunications equipment. , Va. -- Diamond Bay Holdings, Inc. (Pink Sheets: DBHD), a holding company with subsidiary operations that include international telecommunications, fractional real estate ownership operations, Internet marketing See Internet advertising. and career services, announced today that it has acquired an exclusive license from Tagnet International A/S, a subsidiary of Maximum Dynamics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MXDY), to market the company's Tagnet product in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. and Canada. The Tagnet "Asset Tracking System" utilizes tag readers, computing modules and tags to provide a full mobile logistics system. It delivers a unique technology approach to address the problem of real-time management of mobile assets by embracing the latest in radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) technology, cellular communications and electronic tagging Electronic tagging is a form of non-surreptitious surveillance consisting of an electronic device attached to a person or vehicle, especially certain criminals, allowing their whereabouts to be monitored. in order to create real-time tracking and networked administrative capabilities. Tagnet solutions enable customers to track vehicles, cargo and other mobile assets, as well as remotely perform all related administrative functions in order to minimize the cost of inventory and invoice management as well as cut down on inefficiencies due to human error. While the Tagnet solution can be customized for virtually any business, the primary targets for Tagnet are the mobile logistics, security, and fleet management sectors. "Companies engaged in international commerce can now easily and effectively track the shipment of their goods at any time during the shipping cycle -- beginning at the warehouse and continuing through their travel by truck, rail, air or sea until they reach their final destination," said Johannes Clausen, Managing Director of Tagnet International. This exclusive license acquisition will enable Diamond Bay Holdings to enter a highly active industry sector (logistics asset tracking systems) with a proven product and technology. The company purchased the licensing rights in a cash transaction; further financial terms were not disclosed. Diamond Bay Holdings plans to develop a sales and marketing operation based in the metropolitan Washington, DC area to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its convenient access to both Northeast and Midwest companies in the manufacturing sector. About Tagnet Tagnet International A/S is a technology company that specializes in wireless tracking solutions. Tagnet's revolutionary solutions are attracting the attention of several large multinational and government agencies in the U.S., Mexico, Africa and the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community . Current customers of Tagnet's solutions include major transport organizations in the E.U., and Tagnet International is currently completing the installation of a reference site and pilot in Africa at the request of a major international logistics The negotiating, planning, and implementation of supporting logistic arrangements between nations, their forces, and agencies. It includes furnishing logistic support (major end items, materiel, and/or services) to, or receiving logistic support from, one or more friendly foreign corporation. For more information, please visit the company website at www.Tagnet-International.com. About Diamond Bay Diamond Bay Holdings, Inc. (Pink Sheets: DBHD) operates four wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. operations that include international telecommunications, fractional ownership resorts opportunities, E-commerce Internet marketing and career services. For additional information on the company, please visit www.diamondbayholdings.com. Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Diamond Bay disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies. |
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