July 17th, 2008
Online Biofuels Exchange Set to Prove “If the Industry Needs It, It Will
Baton Rouge – July 17, 2008 — Diamond I, Inc. (DMOI), a reporting company trading on
the OTCBB that is to change its name to “US BioFuels Exchange, Inc.”,
advised today that its online biofuels exchange, USBiofuelsExhange.com
(the “US-BX”), was featured in an article in the July 10, 2008, edition
of the “Platts Oilgram News”. In the article, a spokesman for the
ethanol lobbyist Renewable Fuels Association stated that “if the
[ethanol] industry needs it [the US-BX], it will take off”.
“Based on our monetary support from petroleum and biofuels marketing
veterans and petroleum and biofuels marketing companies, it sure seems
that the biofuels industry is saying in a loud voice, ‘we need US-BX,
now’,” said Tom Gray, DMOI’s newest director. “With our recent first
round of funding, the US-BX is close to being reality and we are anxious
to announce the first trade.”
The US-BX also advised that its Pre-Registration continues at:
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.
For Media Contact:
888-541-5874 ext 87
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