Diamond I, Inc. Symbol Change to DMOI Complete in Preparation to Combine Operations with NewMarket Technology, Inc.Diamond and NewMarket, with $70 Million in Forecasted Annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. Revenue, to Create NewMarket Wi-Fi Subsidiary with Multi Market Solutions Including Voice over IP (VoIP), Gaming, Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and Municipal Utilities BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La. -- Diamond I, Inc. (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :DMOI) today announced their stock symbol has been changed to "DMOI" from "DMOIE" upon filing its Third Quarter financials. The filing and subsequent stock symbol change were necessary steps in finalizing the transaction to combine the company's operations with NewMarket Technology, Inc.'s (OTCBB:NMKT) Wi-Fi operations to create a publicly listed NewMarket Wi-Fi subsidiary. As previously announced, a letter of intent has been signed with NewMarket Technology to combine operations. NewMarket and Diamond I are working diligently through the end of the year to complete the transaction. Wi-Fi Expansion Strategy and NewMarket Contribution The combined companies will consolidate Wi-Fi technology assets and proprietary knowledge and build equity partnerships with other emerging Wi-Fi businesses that can be leveraged to build revenue in a number of market segments. In the reorganization, Diamond I will develop subsidiary companies that concentrate on developing Wi-Fi-specific market segments. Diamond I already has a subsidiary focused on Wi-Fi-enabled gaming targeted for deployment on casino properties. A second subsidiary is to be formed to concentrate on bringing Wi-Fi solutions to city municipalities. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries. Diamond I and Wi-Fi Gaming Diamond I, Inc. has been developing a hand-held wireless gaming system for on-premise use by casinos, resorts and restaurants, known as "WiFiCasino GS". In March 2006, Diamond I, Inc. acquired the rights to pending patents relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc voice-recognition, or "voice-print" security technology. The security provided by the company's proprietary "voice-print" technology, coupled with the company's patent-pending "finger-print" biometric security technology, provides a significant competitive advantage when demonstrating that only eligible users are permitted to gamble. In March 2006, the State of Nevada adopted final regulations implementing Nevada Law AB471, which authorizes the use of mobile communication devices, such as Diamond I's WifiCasino GS wireless gaming system, for gaming in public areas in Nevada casinos. The company completed the final design and three-dimensional model of the first generation of the company's WifiCasino GS that includes proprietary finger-print security technology. In addition, an application for a license for the WifiCasino GS from the Nevada Gaming Commission The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature. is being prepared. Significantly, the company signed a letter of intent with The Palms Resort and Casino, a premier Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. property, wherein The Palms has agreed to continue to develop a working relationship with the WifiCasino GS wireless gaming system. Internationally, the company entered into a strategic alliance with Viking Productions, a marketing and promotions firm with a presence in Jamaica, to introduce the WifiCasino GS to venues associated with the Jamaican hotel and tourism industries. The company is also exploring potential opportunities in the cruise and horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with industries. Diamond I, Inc. also recently executed an agreement to acquire Touchdev Limited, a developer of an array of internally derived and copyrighted gaming software products, with wireless PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). and cellular-phone-based capabilities. Touchdev has created 12 different games, including Texas Hold'em Poker. About Diamond I, Inc. (www.wificasino.net) Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture. Diamond I, Inc. 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 GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I 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 Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing dog racing, trials of speed between dogs. Now contested on oval tracks, the sport developed from the ancient practice of coursing, in which specially trained dogs chase game animals in the open field. facilities. Diamond I 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. About NewMarket Technology, Inc. (www.newmarkettechnology.com) NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Cisco Systems (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), SAP (NYSE NYSE See: New York Stock Exchange :SAP), Siebel (Nasdaq:ORCL ORCL Oracle (stock symbol) ) and Sun Microsystems (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. "SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT" UNDER 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 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion