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Diamond Equities to Launch Highly-Competitive Internet Division
TEMPE, Ariz.--(BUSINESS WIRE)--Feb. 26, 1999--Effective immediately, Diamond Equities Inc. (Nasdaq OTC BB:DDEQ - news), will set its business focus on building market share within the financial sector of the Internet Industry.
In keeping with its philosophy of increasing shareholder equity through mergers and acquisitions, Diamond is currently in negotiations with a privately held Internet company to effectively acquire 100% of its issued and outstanding shares.
In acquiring this new company, management believes that it has found a compatible partner to successfully compete in the explosive Internet industry.
Diamond believes that its international approach to Internet development, coupled with first tier strategic partnerships within the industry, will make it possible to establish a foothold in the fast
growth Internet arena.
In recognition of this new growth in the Internet market, Diamond Equities sees an opportunity to create a niche market next-generation search engine. The company understands the need to better organize the growing number of financial Internet Web sites, and render high-demand financial research products to Internet users.
Diamond plans to offset the costs associated with these proprietary financial products through advertising and sponsorship agreements with major corporations.
From time to time, the company may issue forward-looking statements which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Actual results could differ and a forward-looking statement should be considered accordingly.
For further information, contact the company at 602/921-2328. |
