DMEC
March 31, 1999 08:16
Diamond Entertainment Announces Its Roll Out Program With Sam's
Club
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CERRITOS--(BUSINESS WIRE)--March 31, 1999--Diamond Entertainment Corporation, (OTC BB:DMEC)
announced today that it has successfully completed its initial test program received from Sam's Club
three weeks ago, for its recently acquired religious video title series the "Testament." Based on the
success of the test, Diamond has implemented its roll out program to 150 of Sam's Club stores for its
"Testament" series of famous Bible stories. Once the program is successful, Diamond will place the
Testament series into all of Sam's Club stores, nationally.
"This roll out program with Sam's Club is a significant move for us and once successful, it will enable
Diamond to regain Sam's as one of our major accounts and I will be glad to have them back as our
customer," stated James Lu, President/CEO of Diamond Entertainment. "Sam's Club can move large
volumes for us, and could contribute between $2 and $3 million in annual revenues for Diamond," added
James Lu.
In reference to the T1 connection being installed on March 17th to connect Diamond Entertainment's
server to the internet as released earlier, due to circumstances beyond Diamond Entertainment's control
the communication company has escalated their request to identify the tracking number for the T1 circuit
ordered to Diamond Entertainment. Once they have been provided the tracking information, they will have
the ability to track the status of the installation with GTE directly. As of last week, the communication
company's network has been configured to accept the T1 circuit and is ready to activate as soon as the
local loop is up.
Diamond Entertainment is in the business of distribution and selling videocassettes, general merchandise,
its patented flying toy, furniture, crystal and Cine-Chrome gift cards, with a web site presence at
diamond-entertainment.com, which is presently being modified to host E-commerce.
Safe Harbor Act Disclaimer: This release may contain forward-looking statements that involve risks and
uncertainties, including, without limitation, continued acceptance of the company's products and services,
increased levels of competition, new products and technological changes, the company's dependence
upon financing, third-party suppliers and intellectual property rights, and other risks detailed from time to
time in the company's federal filings, annual report, offering memorandum, or prospectus.
Note to Editors: Cine-Chrome is spelled with an asterisk between "Cine" and "Chrome."
CONTACT: Marketex
Gary Swancey, 903/984-7660
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