Diamond I, Inc. Symbol Change to DMOI Complete in Preparation to Combine Operations with NewMarket Technology, Inc.

16 January 2007

BATON ROUGE, La., BUSINESS WIRE Diamond I, Inc. (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 document.write('');

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 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 is being prepared. Significantly, the company signed a letter of intent with The Palms Resort and Casino, a premier Las Vegas 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 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 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 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), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). 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 STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT 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.

Contacts:

LC Group Rick Lutz,

404-261-1196

dmnnewswire

All trademarks and copyrighted information contained herein are the property of their respective owners.

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Diamond I, Inc. Symbol Change to DMOI Complete in Preparation to Combine Operations with NewMarket Technology, Inc.

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