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To: dale berman who wrote (12600)	6/18/1999 9:24:00 AM
From: 2MAR$	Respond to of 13776

DDEQ news; (COMTEX) B: GoProfit.com Previews the World's Financial Search Engine B: GoProfit.com Previews the World's Financial Search Engine; Diamond Equities Subsidiary to Connect e-World Financial Community TEMPE, Ariz., Jun 18, 1999 (BUSINESS WIRE via COMTEX) -- GoProfit.com, a subsidiary of Diamond Equities Inc. (OTC BB:DDEQ), announced today that it has launched a preview version of its proprietary multi-language financial search engine/Web portal site on the World Wide Web at goprofit.com. The GoProfit financial search site currently features next generation search technology, as well as proprietary financial directory tools designed to produce more focused and refined search results across worldwide market and financial news fields. Using Inktomi's (Nasdaq:INKT) new customizable and automated Directory Engine, GoProfit provides a seamless, intuitive financial search solution in a fast, easy-to-use multi-language environment. The scalable nature of Inktomi's software will accommodate the rapid expansion of GoProfit's list of features. In anticipation of increasing traffic demands, GoProfit has signed a comprehensive Web hosting and content distribution agreement with Frontier Corporation's (NYSE:FRO) data and Internet division, Frontier GlobalCenter. This agreement provides GoProfit with the additional bandwidth necessary to introduce the company's proprietary visual and audio Due Diligence tools, as well as other first-to-market features soon to be announced. "Over the next 60 days our technical team will implement a full array of advanced features such as proprietary inter-active charting applications and an advanced Universal search function. Additionally, we will be launching mirror sites designed to meet both the cultural and language needs of Internet users around the world," said David Holifield, senior vice president and director of creative development for GoProfit. Holifield continued, "The GoProfit team of Internet developers includes some of the brightest and most creative minds cultivating tomorrow's Internet landscape. We have designed GoProfit with an open architecture that allows for continuous growth to constantly meet the changing demands of a fluid financial market place. "As part of our commitment to research and development, we are actively seeking comments and suggestions for improvements from our users and visitors. Please make any suggestions through our online 'welcome box' located on our home page. Help us create your financial Internet tool of choice." About GoProfit.com GoProfit, The World's Financial Search Engine, is a subsidiary of Diamond Equities Inc., an emerging Internet developer focused on providing industry-specific Web facilities. Diamond seeks to provide tomorrow's technology to today's growing Internet community. From time to time, the company may issue forward-looking statements that 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 beconsideredaccordingly. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Diamond Equities Inc. David Westfere, 602/921-2760 WEB PAGE: businesswire.com GEOGRAPHY: ARIZONA INDUSTRY CODE: INTERACTIVE/MULTIMEDIA/INTERNET COMED BANKING PRODUCT