Diamond Entertainment Corporation Announces That Its Client/Auditor Relationship With Stonefield Josephson, Inc. Has Ceased.Business Editors WALNUT, Calif.--(BUSINESS WIRE)--July 22, 2003 Diamond Entertainment Corporation (the "Company"), dba e-DMEC, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMEC DMEC Developed Market-Economy Countries (United Nations Conference on Trade and Development) DMEC Dry Mateable Electric Connection ), a distributor of videocassette A removable magnetic tape module for storing video data. The cassette contains supply and takeup reel (hubs) in the same housing. See VCR. and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. titles to the budget home video & DVD markets, announced today that it has received written confirmation that the client/auditor relationship between Diamond Entertainment Corporation (Commission File No. 0-17953) and Stonefield Josephson, Inc. has ceased. About Diamond Entertainment Corporation Diamond Entertainment Corporation develops, markets, and distributes multiple lines of high-quality products. Diamond markets & sells videocassette and DVD (Digital Video Disc See DVD. Digital Video Disc - Digital Versatile Disc ) titles to the budget home video & DVD markets through national & regional mass merchandisers, department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , drug stores, supermarkets, and other similar retail outlets. Diamond's other products and services include sundry and general merchandise and contract Replication & Duplication Services. To add to its traditional distribution-focused businesses, Diamond is placing a major emphasis on Internet e-focused business strategies through its website, www.e-dmec.com, by introducing new video titles and promotional programs. Safe-Harbor Statement This news announcement contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company that are based on the beliefs of the Company or management as well as assumptions made by and information currently available to the Company or management. When used in this news announcement, the words "anticipate," "believe," "expect," "estimate" and "intend" and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties in this announcement and in the Company's Forms 10-KSB for the year ended March 31, 2002, filed July 16, 2002, Form 10-QSB for the quarters ended June 30, 2002, September 30, 2002, December 31, 2002 and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein noted or in its SEC filings. |
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