Diamond I Comments on Future of Hand-Held Gambling Devices in Nevada; Company's Proprietary, Embedded Biometric Security System Could Provide Desired Protections.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). : DMOIE), a developer of wireless gaming products, in response to numerous inquiries and recently published articles, discussed the operational features of its WifiCasino GS(TM) hand-held wireless gaming system, as those features relate to recently-passed legislation (AB471) in the State of Nevada. AB471, which authorizes the use of mobile communication devices, such as the company's WifiCasino GS wireless gaming system, for gaming in public areas in Nevada casinos that have 100 or more slot machines and offer at least one other game, has been sent to the Nevada governor for his signature. Each of Diamond I's WifiCasino GS hand-held units contains a proprietary, embedded biometric security system that reads a WifiCasino GS user's thumb print, as a means of limiting usage to a single, authorized casino customer. This feature is, in Diamond I's view, vital to preventing minors from using its WifiCasino GS. Diamond I has pending patent applications that relate to its biometric security technology. David Loflin, Diamond I's president stated, "Assuming that 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. makes the required findings, this bill will enable Nevada casinos to utilize recent advancements in mobile technology to enhance their customers' gaming experience, as they compete against casinos in other jurisdictions and Internet gaming operations. One of the required findings is that mobile gaming systems 'provide reasonable assurance that players will be of lawful age the age when the law recognizes one's right of independent action; majority; - generally the age of twenty-one years. Also called legal age ltname> or age of majority ltname>. See also: Lawful ... .' We believe that our proprietary biometric technology will assist the Commission in making that finding." The WifiCasino GS Gaming System Diamond I's WifiCasino GS is a secure wireless PDA-based gambling and media network designed for Las Vegas-style casinos and resorts, as well as cruise ships This is a list of cruise ships, both those in service and those that have since ceased to operate. Both cruise ships and cruiseferries are included in this list. (Ocean liners are not included on this list, see List of ocean liners. and race tracks. The WifiCasino GS is designed to allow patrons to gamble anywhere on a casino's, ship's or track's premises (as permitted by regulatory bodies), including in restaurants, pool-side and at the bar. Using unique, patent-pending proprietary technologies, Diamond I's system offers a highly secure and consumer friendly gambling solution. In addition, Diamond I's system is capable of extending beyond gambling applications, to include providing Internet access See how to access the Internet. , obtaining resort information, ordering meals and drinks, accessing concierge services, etc. With future applications in mind, WifiCasino GS's modular design In the context of systems engineering, modular design — or "modularity in design" — is an approach aiming to subdivide a system into smaller parts (modules) that can be independently created and then used in different systems to drive multiple functionalities. will accommodate future plug-in modules that provide additional functionality, thereby permitting the host resort to provide its patrons with new forms of services and experiences. An online interactive WifiCasino GS system preview is available to all interested persons at http://www.diamonditech.com. About Diamond I, Inc. Diamond I, Inc. is a development-stage company that focuses on bringing new Wi-Fi-based products to market, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino GS Concierge and Gaming System"(TM). The company also provides Wi-Fi Internet access in Louisiana, Arizona, Maryland, Pennsylvania, Nebraska and Washington, D.C. The term "Wi-Fi" (wireless fidelity See Wi-Fi. ) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz. Diamond I seeks to secure a 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. hotel/casino to serve as the demonstration site for its WifiCasino GS, in conjunction with its application for a gaming license in Nevada. Currently, Diamond I is in negotiations with a nationally-known Las Vegas casino to serve as the demonstration facility for its system. Also, Diamond I is working to secure one or more cruise ships on which to implement a WifiCasino GS system; Diamond I has had preliminary discussions with the owners of one or more cruise ships. Diamond I has also had preliminary discussions with the owners of one or more 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 facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and dog and horse racing facilities outside the United States, with respect to its establishing a WifiCasino GS system on such a facility. 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. Certain statements in these interviews and news releases may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. Certain statements contained in the interviews are "forward-looking statements" within the meaning of 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. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to development of Diamond I's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although Diamond I believes the statements are reasonable, it can give no assurance that such expectations will prove correct. Diamond I cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially. |
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