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Diamant Art Corporation : Diamant Art Corporation Announces New Food Film Status Rating With the Canadian Food Inspection Agenc

^{Published on 2008-12-17 10:39:38 - Market Wire}
 

TORONTO--(Marketwire - December 17, 2008) - Diamant Art Corporation (OTCBB: [ DIAAF ]) is pleased to announce that through its wholly owned subsidiary, Bio-Plastics Film Inc., that the Company has received notification that the Canadian Food Inspection Agency has granted Non-Objection status to its food cling film. This designation means that Diamant's cling film has been tested and found safe to be utilized in food applications.

A letter from CFIA to this effect is expected in the next few weeks. The Company anticipates that this will continue to enable the Company to open doors to those companies involved in the food industry.

Diamant has recently announced shipments of millions of feet of the Company's biodegradable pallet wrap, and that the Company has achieved substantial production capabilities boosting our ability to meet growing demand. The Company production capacity will allow us to deliver enough of our proprietary BIO-PLAS additive to produce up to 25 billion grocery bags a year, or an average of 137,000,000,000 square feet of film, which is equal to approximately 275,000,000 rolls at 5,000 feet in length respectively.

The Company seeks to utilize this extensive level of inventory to participate in the paradigm shift guiding the direction of our ecological future. These factors considered, we would like to remain focused on the fact that regardless of the volatility of the financial markets, our vision remains fixed on the fact that our fundamentals improve daily.

In an effort to ease uncertainty in regards to our company and its operations, we intend to keep our Shareholders fully informed as these developments evolve. We want our investors to understand that despite the negative pressure in the stock market, Diamant's biodegradable products are continuously gaining acceptance in their market segments.

Diamant Art Corporation (OTCBB: [ DIAAF ]), through its wholly owned subsidiary Diamant Film Inc. ([ www.diamantfilm.com ]), is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant™ Film has recently received the ECO logo certified by the Environmental Choice™ Program. The Environmental Choice™ Program is North America's leading benchmark of environmentally responsible products and services.

Bio-Plastics Film Inc. Diamant's Bio-Products contain Totally Degradable Plastic Additive. Unlike other plastic, once biodegrading is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC. Further Diamant Art Corporation and its wholly owned subsidiaries, Diamant Film Inc. and Bio-Plastics Film Inc. do not condone or participate in spam activities, e-mail and fax programs of any manner.

Contact: For more information visit our FILM division website of Diamant Art Corporation at [ http://www.diamantfilm.com ] or contact Investor Relations: Gibraltan Financial (407) 834-9777