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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?

To: last1out who wrote (4545)	6/10/1999 3:58:00 PM
From: Sprintcar	Respond to of 6957

(BSNS WIRE) Diamond Entertainment Announced Today, the Conversion to Res Diamond Entertainment Announced Today, the Conversion to Restricted Equity, $1.9 Million in Current Liabilities Owed to Two of Its Largest Creditors Business Editors CERRITOS, Calif.--(BUSINESS WIRE)--June 10, 1999-- Diamond Entertainment (OTC:DMEC) is in the business of distributing and selling videocassettes, general merchandise, a patented flying toy "Zoombie", furniture, and Cine-Chrome gift cards, and in the process of becoming its own web-host is pleased to announce the successful arrangement to reduce its current liabilities by entering into agreements with its two largest business creditors to convert their remaining loan balances totaling $1.9 million into one-year restricted Common Stock of Diamond Entertainment Corporation. "The elimination of these liabilities will provide added flexibility and strengths to introduce Diamond's new products which are planned for the second half of 1999," stated James Lu, CEO of Diamond Entertainment. "Diamond will be doing business as e - DMEC and together with its new strategic alliance partners, to be announced later, aggressively pursue the major retail chains, as well as, feature current and new products on our upcoming e-commerce site e-dmec.com." Presently the internet server is being tested for traffic restrictions and security. As further development occurs, the financial community will be updated in a timely manner. 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

To: last1out who wrote (4545)	6/10/1999 3:58:00 PM
From: EZ ED	Respond to of 6957

(BSNS WIRE) Diamond Entertainment Announced Today, the Conversion to Res Diamond Entertainment Announced Today, the Conversion to Restricted Equity, $1.9 Million in Current Liabilities Owed to Two of Its Largest Creditors Business Editors CERRITOS, Calif.--(BUSINESS WIRE)--June 10, 1999-- Diamond Entertainment (OTC:DMEC) is in the business of distributing and selling videocassettes, general merchandise, a patented flying toy "Zoombie", furniture, and Cine-Chrome gift cards, and in the process of becoming its own web-host is pleased to announce the successful arrangement to reduce its current liabilities by entering into agreements with its two largest business creditors to convert their remaining loan balances totaling $1.9 million into one-year restricted Common Stock of Diamond Entertainment Corporation. "The elimination of these liabilities will provide added flexibility and strengths to introduce Diamond's new products which are planned for the second half of 1999," stated James Lu, CEO of Diamond Entertainment. "Diamond will be doing business as e - DMEC and together with its new strategic alliance partners, to be announced later, aggressively pursue the major retail chains, as well as, feature current and new products on our upcoming e-commerce site e-dmec.com." Presently the internet server is being tested for traffic restrictions and security. As further development occurs, the financial community will be updated in a timely manner. 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, Atlanta Gary Swancey, 770/389-5645 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED ENTERTAINMENT PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *

To: last1out who wrote (4545)	6/10/1999 3:58:00 PM
From: madmax_4473	Respond to of 6957

* Here is some real NEWS * Looks like they might be close to a peace deal in Kosovo. Well what did you expect.

To: last1out who wrote (4545)	6/10/1999 3:59:00 PM
From: KevinMark	Read Replies (2) \| Respond to of 6957

No..Mulla is right! Read Below. (COMTEX) B: Diamond Entertainment Announced Today, the Conversion to B: Diamond Entertainment Announced Today, the Conversion to Restricted Equity, $1.9 Million in Current Liabilities Owed to Two of Its Largest Creditors CERRITOS, Calif., Jun 10, 1999 (BUSINESS WIRE via COMTEX) -- DiamondEntertainment (OTC:DMEC) is in the business of distributing and selling videocassettes, general merchandise, a patented flying toy "Zoombie", furniture, and Cine-Chrome gift cards, and in the process of becoming its own web-host is pleased to announce the successful arrangement to reduce its current liabilities by entering into agreements with its two largest business creditors to convert their remaining loan balances totaling $1.9 million into one-year restricted Common Stock of Diamond Entertainment Corporation. "The elimination of these liabilities will provide added flexibility and strengths to introduce Diamond's new products which are planned for the second half of 1999," stated James Lu, CEO of Diamond Entertainment. "Diamond will be doing business as e - DMEC and together with its new strategic alliance partners, to be announced later, aggressively pursue the major retail chains, as well as, feature current and new products on our upcoming e-commerce site e-dmec.com." Presently the internet server is being tested for traffic restrictions and security. As further development occurs, the financial community will be updated in a timely manner. 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 uponfinancing, 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. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Marketex, Atlanta Gary Swancey, 770/389-5645 WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: COMPUTERS/ELECTRONICS COMED ENTERTAINMENT PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *