BSNS WIRE) Diamond Entertainment Announced an Update On the E-commerce
Diamond Entertainment Announced an Update On the E-commerce Server Installation
Business Editors & Technology Writers
CERRITOS, Calif.--(BUSINESS WIRE)--April 23, 1999--Diamond
Entertainment Corporation, (OTC BB:DMEC) working with its contracted
communication company, is proud to announce the T1 connection is
completed. Final testing of all components is underway by the
communication company with the local exchange carriers to ensure the
communication link to the Internet has no latency problems, pit errors
or packet loss. (Burning the network in) Immediately, upon completion
of the testing, the server will be registered with the Internet.
Presently, Diamond Entertainment is in negotiations for strategic
alliances and partnerships to diversify and expand on its e-commerce
services and products. In order to generate superior returns to
shareholders' equity, Diamond Entertainment is committed to delivering
significant long-term revenue growth by providing outstanding products
and services while lowering the company's costs and expediting
products to market.
"The Internet is our destiny and the launching of our e-commerce
server will greatly enhance our ability to rapidly grow a list of
e-commerce merchants," said James Lu, Diamond Entertainment's
President and CEO. "We are expecting revenues this year to be
generated by Internet commerce."
The e-commerce presence will be located on the Internet at
e-dmec.com in the very near future once all the
registrations and domain transfers are completed.
Diamond Entertainment is in the business of distributing and
selling videocassettes, general merchandise, a patented flying toy
"Zoombie," furniture, and Cine-Chrome gift cards, with a temporary Web
site presence at diamond-entertainment.com.
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 usually spelled with an asterisk
rather than a hyphen.
--30--RH/da*
CONTACT: Marketex, Kilgore
Gary Swancey, 903/984-7660
marketex.net
KEYWORD: CALIFORNIA |
