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To: rkc who wrote (8621)	4/23/1999 3:01:00 PM
From: LANCE B	Read Replies (1) \| Respond to of 13776

DMEC- AS FAR AS WHAT..THIS IS GREAT NEWS..THIS IS WHAT WE ARE WAITING FOR... (COMTEX) B: Diamond Entertainment Announced an Update On the E-commer B: Diamond Entertainment Announced an Update On the E-commerce Server Installation CERRITOS, CALIF. (April 23) 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. -0- RH/da* CONTACT: Marketex, Kilgore Gary Swancey, 903/984-7660 marketex.net KEYWORD: CALIFORNIA INDUSTRY KEYWORD: ENTERTAINMENT RETAIL 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 *