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Pinnacle Digest: Securities Purchase with NewMarket Technology Fails to Close: Progressive Review

Jun 11, 2007 (M2 PRESSWIRE via COMTEX) -- To read this article in its entirety, visit us at www.pinnacledigest.com.
Diamond I Inc. (OTCBB: DMOI) experienced a plunge in share value Friday falling 42.86% combined with 5,547,187 shares traded. On June 11th they announced that no closing had occurred under its previously announced securities purchase agreement with NewMarket Technology, Inc. and that the agreement had expired by its terms. This has caught the attention of our researchers at PinnacleDigest and we have since begun evaluating this company in respect to their position within the market. We have repeatedly stated how the market loves to overreact to positive or negative news. We are focused on this company's immediate future objectives and will be reviewing them further. To read this article in full and to learn more about our expanding, multi-purpose online financial magazine, visit us at www.pinnacledigest.com.

The TSX Composite Index experienced its largest weekly decline in three months dropping 2.3%. The financial sector had its worst week in five years, led by The Royal Bank of Canada. The Royal Bank of Canada has retreated three weeks straight, which is its longest losing streak in a year.

The TSX and Venture exchanges are heavily weighted in the mining and resource based industries. Gold fell to a 12 week low Friday amid fears that higher global interest rates will reduce the appeal of this precious metal as an alternative investment. Gold closed Friday at US$656 an ounce. Copper also declined Friday following expectations that rising borrowing costs will slow economic growth. We believe this sentiment will be short-lived. Copper futures have experienced their largest decline in two weeks.

The mining industry will be a major focus at PinnacleDigest over the coming months as their main season takes full swing. There are many mining and resources based companies we are continually following and updating our review upon. To learn more about the company's featured on our site; don't hesitate to visit us and reap the benefits of our multi-purpose online magazine.

Let's turn our focus back to Diamond I Inc. and learn more about this company's recent news, current objectives and direction moving forward. It should be noted that Diamond I owns the rights to patent-pending voice-recognition and fingerprint biometric security technologies. We are awaiting future corporate developments and will be monitoring this company throughout the summer. To follow up with Diamond I Inc. and to learn how our informative and easy access online financial magazine can benefit you, visit us at www.pinnacledigest.com.

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