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To: Mr Metals who wrote (3638)7/14/1999 9:19:00 AM
From: SSP   of 150070
 
SIDT - AUSTIN, Texas--(BUSINESS WIRE)--July 14, 1999--SI Diamond
Technology Inc.'s (OTC BB:SIDT) wholly owned subsidiary, EBT Inc.
Wednesday announced the creation of a dedicated Web site
(www.ebillboard.net) designed to use the company's proprietary system
and software to benefit the outdoor advertising community.
This Internet service will be demonstrated at the company's
official VERSAtile(TM) electronic billboard product introduction on
July 15 in Austin.
The new Web site will be utilized in the future by enabling
outdoor advertisers to send images over the Internet onto an
electronic billboard of their choice by simply executing a series of
computer commands. Outdoor advertising on the Web will open the
billboard industry to limitless opportunities with regard to the
placement and timing of advertisements across the country.
"I am pleased to be able to offer this Internet capability to our
customers as part of our VERSAtile(TM) electronic billboard package,"
said Marc Eller, chairman and CEO.
SI Diamond Technology is a holding company consisting of two
subsidiaries. The Field Emission Picture Element Technology (FEPET), a
majority owned subsidiary, is developing products for applications
utilizing SIDT's proprietary field emission technology. The Electronic
Billboard Technology (EBT), a wholly owned subsidiary, is geared
toward the commercialization of electronic digitized sign technology.

Safe Harbor Statement

This news release contains forward-looking information within
the meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Act of 1934, and is subject to the safe harbor
created by those sections. The company's actual results could differ
materially from those projected in the forward-looking information.
Future results may be impacted by risk factors listed from time to
time in SIDT's SEC reports. SI Diamond Technology Inc. disclaims any
intent or obligation to update forward-looking information.

--30--JC/np* JP/np

CONTACT: SI Diamond Technology Inc., Austin
Olga Tikhonski, 512/339-5020 (ext. 117)

KEYWORD: TEXAS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET
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