Diamond I, Inc. (OTC BB: DMOI), a developerof wireless gaming products, today announced its intention to pursuecellular-gambling opportunities through product offerings that embody itsrecently acquired patent-pending voice-recognition biometric securitytechnology.
"We believe our 'voice-print' technology will make it easier to implementuser-friendly cellular-gambling over cell phones, including the newgeneration of video-enabled cell phones," said David Loflin, Diamond I'sCEO. "We are most excited about how dynamic the application of ourtechnology can be within the vast international cellular-gamblingbusiness," Mr. Loflin added.
Diamond I believes this "voice-print" security technology, and its existingpatent-pending "finger-print" security technology, are valuabletechnologies in the field of biometrically-secured wireless casino,pari-mutual and sportsbook gaming. The company also sees these securitytechnologies as having increased relevance with the adoption last week offinal regulations implementing Nevada Law AB471, which authorizes the useof mobile communication devices for gaming in public areas in Nevadacasinos.
About Diamond I, Inc.
Diamond I, Inc. is a development-stage company that develops wirelessgaming products, including a hand-held Wi-Fi-based gaming system foron-premises use by casinos/resorts, known as "WifiCasino GS Concierge andGaming System™. "The term "Wi-Fi" (wireless fidelity) refers to anindustry standard for wireless equipment that meets published 802.11(x)standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and5.8 Ghz.
With the passage of Nevada Law AB471, which authorizes the use of mobilecommunication devices for gaming in public areas in Nevada casinos, and theimplementing regulations, Diamond I seeks to secure a Las Vegashotel/casino to serve as the demonstration site for its WifiCasino GS, inconjunction with its application for a gaming license in Nevada. To thatend, in a letter of intent, The Palms Resort and Casino has agreed tocontinue to develop a working relationship relating to Diamond I'sWifiCasino GS 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 GSsystem, including other U.S. casinos and horse and dog racing facilities.Diamond I has had preliminary discussions with certain owners of cruiseships, certain owners of horse racing facilities in the United States anddog and horse racing facilities outside the United States.
Forward-Looking Statements
Certain statements in these interviews and news releases may constitute"forward-looking" statements within the meaning of Section 21E of theSecurities Exchange Act of 1934. Such forward-looking statements involverisk, uncertainties, and other factors, which may cause the actual results,performance, or achievement expressed or implied by such forward-lookingstatements to differ materially from the forward-looking statements.Certain statements contained in the interviews are "forward-lookingstatements" within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Such statements involve numerousrisks and uncertainties, including, but not limited to, risks anduncertainties pertaining to development of Diamond I's products andservices and markets for such products and services, the timing and levelof customer orders, competitive products and service, changes in economicconditions and other risks and uncertainties. Although Diamond I believesthe statements are reasonable, it can give no assurance that suchexpectations will prove correct. Diamond I cautions that anyforward-looking statements contained herein are not a guarantee of futureperformance and that actual results may differ materially.
Contact:Diamond I, Inc.Baton RougeDavid Loflin225-341-4004
SOURCE: Diamond I, Inc
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