July 8th, 2008
High Volume of Unsolicited Registration Inquiries Accelerates
July 8, 2008 — Diamond I, Inc. (DMOI), a fully-reporting company
trading on the OTCBB that is to change its name to “US BioFuels
Exchange, Inc.”, announced that it has opened its USBiofuelsExchange.com
web site to pre-registration by Producers, Resellers and Buyers of
Biofuels (Biodiesel and Ethanol) and other biofuel products. The
determination to open the pre-registration process ahead of schedule was
made in response to the high volume of inquiries seeking to register for
participation on the US-BX.
“The response to the US-BX has been greater than even our most
optimistic projections,” said Tom Gray, DMOI’s newest director. “We are
very happy with the biofuel industry’s initial reception of our exchange
and look forward to announcing more exciting developments in this
important project,” added Mr. Gray.
Link to US-BX Pre-Registration:
More about the US-BX:
The US-BX, the vision of DMOI’s newest director, Tom Gray, brings to the
chaotic biofuels marketplace an orderly and efficient matching of
producers and other sellers with buyers, using the Internet, in a manner
similar to the model currently employed by Ebay.com. It is intended that
the US-BX will charge a fee on every transaction between sellers and
buyers. The US-BX expects that it will, in the long-term, assist in
bringing market order to a large, fast-growing and chaotic marketplace,
by offering a venue that will facilitate national pricing, among other
things, for biofuels and biofuel products. The US-BX will be dynamic.
Biofuels producers and other sellers will be able to update, in real
time, their available quantities, as well as pricing, as often as desired.
About Diamond I, Inc.
The establishment of USBiofuelsExchange.com represents DMOI’s initial
step in diversifying its business interests.
Safe Harbor Statement
This press release contains statements that may constitute
forward-looking statements, including the company’s ability to enter
successfully the alternative fuel industry and to expand its
Internet-based business. These statements are based on current
expectations and assumptions and involve a number of uncertainties and
risks that could cause actual results to differ materially from those
currently expected. For additional information about Diamond I’s future
business and financial results, refer to Diamond I’s Annual Report on
Form 10-KSB for the year ended December 31, 2007. Diamond I undertakes
no obligation to update any forward-looking statements that may be made
from time to time by or on behalf of the company, whether as a result of
new information, future events or otherwise.
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