Global Diamond Exchange, Inc. (GBDX)

[ORCA]

GBDX.035x.039.Read bold Forward looking events soon.Man now I do believe that this maybe see .50 on of these days.Nice very nice news.Bring on the $$$ GBDX.
NEW YORK, NY -- (MARKET WIRE) -- 09/26/06 -- Global Diamond Exchange (PINKSHEET GBDX) is pleased to announce that it expects its sales office, located in the New York City Diamond District to be fully completed and operational prior to
the 1st of November, with the first diamond shipment expected to arrive around the 3rd of November. Both are timed to coincide with the beginning of the 2006 Holiday season.

The company has recently decided to open its wholesale office at 2 West 46th Street in New York City to take advantage of the increased demand in the United States for fine quality wholesale cut diamonds. Due to a change in Russian law the company has exercised its option to import rough stones
based on a percentage of their cut polished export quota of stones from Russia. The company has contracts with Russian cutters to cut and export these exquisite brilliants from Russia.


The Diamond District, which is located on West 46th, West 47th and West 48th Streets between Fifth Avenue and the Avenue of the Americas (6th Avenue) in midtown Manhattan, is the perfect location for Global Diamond Exchange. The Diamond District is within walking distance of many New York City attractions, one block south of Rockefeller Center, three blocks south
of Radio City Music Hall (along the Avenue of the Americas) and three blocks south of St. Patrick's Cathedral (along Fifth Avenue). It is also just one block east of the Broadway Theater District.
About Global Diamond Exchange:



Global Diamond Exchange originally opened their office on 2 West 46th Street in the heart of the 'New York's Diamond District'. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America.
The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.