From DW web page.
Statement & Media Advisory
As a public company with hundreds of international
shareholders, and whose shares trade on the Toronto Stock
Exchange, DiamondWorks is held to the highest standards of
accuracy and must satisfy broad requirements for disclosure in
reporting on its affairs.
DiamondWorks understands the information-gathering process
followed by media and respects the fact that most writers and
editors are committed to accurate and fair reporting.
Nonetheless, there have been a number of serious mistakes that
have been made in some published and broadcast accounts that
have purported to describe our business activities and our
present and former ownership structure. Most of these mistakes
could have been avoided by routine fact checking.
Unfortunately, the ease with which false information now finds its
way around the world has meant that many databases regularly
accessed by writers, researchers and editors are now
contaminated by erroneous information about DiamondWorks
and its wholly-owned subsidiary, Branch Energy Ltd.
Unquestioning reliance on these databases can be a trap for the
unwary, who can unwittingly perpetuate flawed information.
DiamondWorks has a policy of correcting false information when
it comes to our attention and we have found that responsible
media usually cooperate to correct the records they create. As
part of our contribution toward establishing an accurate record,
and as a caution to others, we have assembled below some
selected common, and not so common, mistakes and
corrections. We have also reproduced some of the articles where
serious errors of fact have been reported, as well as the
accompanying corrections.
In addition, we strongly urge researchers, writers and editors to
check all their facts concerning DiamondWorks and Branch
Energy Ltd. directly with Bill Trenaman, Vice-President,
Corporate Development, at ,DiamondWorks' corporate office in
Vancouver, Canada, tel. +1-604-669-8871; fax
+1-604-682-2060; email bill@diamondworks.com. Additional
information on DiamondWorks' operations can be found
elsewhere on this website, as well as on the SEDAR website at
sedar.com.
1.Branch Energy Ltd. is sometimes confused with the
separate and distinct Branch group of companies. Branch
Energy Ltd.'s only commercial interests are diamond
concessions in Angola and Sierra Leone. It does not have
any assets or interests in any other country.
2.At no time has Branch Energy Ltd. bought, or otherwise
obtained, mining concessions in Sierra Leone, Angola, or
elsewhere from Executive Outcomes or any of its related
companies.
3.Neither Executive Outcomes, nor any of its related
companies, is a shareholder of DiamondWorks, or of our
wholly-owned subsidiary, Branch Energy Ltd.
4.There is no relationship, corporate or otherwise, between
DiamondWorks and and Executive Outcomes or Sandline
International. Furthermore, there is no relationship,
corporate or otherwise, between Branch Energy Ltd. and
Executive Outcomes or Sandline International. Executive
Outcomes does not have an interest in Branch Energy
Ltd.'s diamond concessions in Sierra Leone, or elsewhere.
5.Neither DiamondWorks nor Branch Energy Ltd. have ever
contracted with Executive Outcomes.
6.Teleservices, the firm that DiamondWorks and many other
international companies employ to provide security at its
operations in Angola, is not a subsidiary or sister company
of Executive Outcomes.
7.Tony Buckingham does not run or control Branch Energy
Ltd. Mr. Buckingham is a shareholder in DiamondWorks
and has voting control over approximately 13.2% of
DiamondWorks outstanding shares (as of June 11, 1999).
He resigned as a director of DiamondWorks on October 7,
1998 (See News Releases). He has no executive
management role with DiamondWorks or Branch Energy
Ltd.
8.Mr. Buckingham introduced the services of Executive
Outcomes to the governments of Angola and Sierra Leone,
but neither he nor any companies he is associated with,
including Branch Energy Ltd., paid for, or otherwise
sponsored, the provision of these services.
9.Neither Robert Friedland nor Eric Friedland control
DiamondWorks. Robert Friedland is a shareholder in
DiamondWorks (he indirectly owns approximately 4.5% of
DiamondWorks shares), but has no involvement in the
management of the company. Eric Friedland is one of the
company's non-executive directors.
10.Raxesh Saxena is not, and never has been, a director or
officer of DiamondWorks. Furthermore, Mr. Saxena has
never been involved in any management capacity
whatsoever with DiamondWorks or its operations. |
