Blue Diamond Ventures Inc (BLDV)

[Risicare]

#3 PR

This one has the same spiel from the last 2 tacked on to more stuff they have touted and never done 2 years and NADA....

-No audits released
-No uplisting
-No other listings on exchanges

Apr 24, 2006 08:30 ET
Blue Diamond Ventures Inc. Completes Financial Audit and Takes Necessary Steps to File for a Listing on the NASDAQ OTCBB

HOUSTON, TX -- (MARKET WIRE) -- April 24, 2006 -- Blue Diamond Ventures Inc. (OTC: BLDV) announced today the company has completed a financial audit and has engaged SEC attorneys to file paperwork for a listing on the NASDAQ Bulletin Board and other global exchanges.

"This represents another milestone for the company," said Blue Diamond Chairman and CEO John Quincey Moaning. "We have spent significant time building a solid infrastructure and are committed to executing our business plan."

Blue Diamond recently announced plans to build ethanol and bio-diesel facilities in Oklahoma and Belize. The company has been in discussion with large refining and supply companies offering to purchase its energy futures.

Blue Diamond plans to initially construct a 3.5 million gallon per year (MGY) ethanol facility and a 5 million gallon per year (MGY) bio-diesel facility in Belize. The company anticipates using sugar cane and molasses as the main feed stock for the ethanol. The bio-diesel will be manufactured from vegetable oils such as soy beans, canola and palm and from animal fats processed at Blue Diamond's facilities. Moaning envisions expanding the facility to 50 million (MGY), as Belizean farmers grow more sugar cane in anticipation of selling it to the ethanol facility.

Blue Diamond will utilize 3,000 acres in Belize and 1,200 acres in Oklahoma for a goat ranch, research center and processing facility. "The goat market has been growing at a 30 percent annual rate since 1990," Moaning said. Breaking ground this year on the million dollar processing facility in Belize, Blue Diamond will aggressively market the world's most eaten meat and its value-added products of milk and cheese throughout the U.S., Mexico, Central America and the Caribbean.

About Blue Diamond Venutres, Inc.:

Blue Diamond Ventures, Inc. is an agriculture, bio-fuels and commercial development company with operations in Belize and the U.S. The company recently announced plans to break ground this year on a million dollar goat processing facility in Belize and aggressively market the world's most eaten meat throughout the U.S., Central America and the Caribbean. Blue Diamond will utilize 3,000 acres in Belize and 1,200 acres in Oklahoma for a goat ranch, research center and processing facility. Local farmers in Belize and Oklahoma, under a cooperative agreement with Blue Diamond Ventures, will raise the goats and process them at the company's facilities. Blue Diamond's business plan includes ethanol production, tilapia and shrimp aqua farming and raising thousands of acres of soybeans. The company is currently completing an audit to get listed on the NASDAQ Bulletin Board.