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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (13572)	3/23/1999 9:29:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 25711

DMEC news.... First JoeDimaggio memoribilia, then Barbie, now Zoombie to generate nearly $5 MILLION in sales next couple years (see below).... Not bad for a 10 cent stock (COMTEX) B: Diamond Entertainment Announces Signing of an Exclusive D B: Diamond Entertainment Announces Signing of an Exclusive Distribution and Marketing Agreement for Its ''Zoombie'' Product Line CERRITOS, CALIF. (March 23) BUSINESS WIRE -March 23, 1999--Diamond Entertainment Corporation, (OTC BB: DMEC) announced today that it has signed an Exclusive Distribution and Marketing Agreement for its "Zoombie(R)" product line and any of its ancillary products with a large toy distributor headquartered in Las Vegas, Nevada. Diamond, through its subsidiary, Jewel Products International, manufactures its patented Zoombie(R) - Double Wing Flier which is a most unique, radically designed, aerodynamically engineered, dual winged, new flying toy, specifically targeted for kids of the New Millenium. "The Internationally patented dual winged aerodynamic design of the Zoombie(R) makes it one the most advanced flying toys ever invented. Zoombie's(R) fantastic flight quality and ease of throwing and catching makes it the hands down choice over its competitors such as Frisbee(R), Aerobie(R) and Whoosh(TM)", said James Lu, President of Diamond Entertainment. The signing of this new Exclusive Distribution and Marketing Agreement grants world wide exclusive distribution, marketing and sales rights of the Zoombie(R) product line and is subject to a minimum sales performance requirements by the exclusive distributor to generate annual minimum sales of $400,000, $2,000,000 and $2,200,000 for the periods ending February 28, 2000, February 28, 2001 and February 28, 2002, respectively. 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 on the internet and under construction. 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. -0- LS/na* CONTACT: Marketex Gary Swancey, 903/984-7660 marketex.net KEYWORD: CALIFORNIA INDUSTRY KEYWORD: ENTERTAINMENT RETAIL 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 *