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To: CIMA who wrote (10783)	3/31/1999 8:49:00 AM
From: bigbuk	Read Replies (2) \| Respond to of 15987

DMEC March 31, 1999 08:16 Diamond Entertainment Announces Its Roll Out Program With Sam's Club Jump to first matched term 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 marketex.net