Blog Archive – Diamond I Retains Software Engineer for USBiofuelsExchange.com Project

June 23rd, 2008

Diamond I Retains Software Engineer for USBiofuelsExchange.com Project

Internet Biofuels Marketplace Scheduled for Beta Testing this Summer

June 23, 2008 — Diamond I, Inc. (DMOI) announced that it has retained
an experienced software engineer and web development specialist to
expedite the completion of its USBiofuelsExchange.com (the “USBE”) web
site, a web site that will feature real time pricing, quantities and
matching of producers, sellers and buyers. The USBE, DMOI’s planned
Internet biofuels marketplace, is schedule for beta testing beginning
Summer 2008.

“The US Biofuels Exchange platform will address all the inefficiencies
currently plaguing the biofuels industry,” said Tom Gray, DMOI’s newest
director. “Our exchange will address pricing, quantities, locations,
existing and future products, member data, all biofuel production and
quality variables and more. US Biofuels Exchange will be designed by
actual biofuels and petroleum marketing experts and veterans and our
software engineer is the right guy for the job.”

More about the USBE:

The USBE, 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 USBE will charge a fee on every transaction between sellers and
buyers. The USBE 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 USBE 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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