billy, 10:07 am NSDM & Wells Fargo
BELLINGHAM, WA, Jul 14, 2004 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM), announces the engagement of Wells Fargo
as the merchant to provide online banking and credit card facilities. North Star
is now able to provide consumers with a safe and totally secure payment system
for the sale of their premium diamonds over the internet.
Wells Fargo (NYSE: WFC) is North America's No. 1 Corporate Institutional
Internet Bank and is rated "Aaa" by Moody's, the only bank in the U.S. with this
top rating. Today Wells Fargo (www.wellsfargo.com) is recognized as the nation's
premier Internet bank with over 40,000 Internet business customers. According to
Forbes, Wells Fargo is the 12th largest U.S. corporation, as determined by a
composite ranking of revenue, profit, assets, and market value. The bank has a
long and successful 25-year history in the credit card payments business, and
since 1995, has been very active in the Internet payments business.
Alec Peck - Vice President Corporate Development comments "North Star chose
Wells Fargo based on their position as a leader in secure online payment
processing. They provide the depth of data that is used to approve, reject or
otherwise manage each transaction and thus drive down the risk, cost and
complexity of accepting online payments. This choice of merchant is an important
part of our business plan to offer North Star Preferred Diamonds by the
internet, with a safe and secure payment system for both customers and
ourselves."
Walter Stunder: "It is important to understand that we are comfortably funded,
and no additional capital is necessary for our Internet Diamond Marketing
Program. We are very pleased about engaging Wells Fargo as our merchant for our
online marketing activities. We are dedicated to providing the very best premium
diamonds, service and utmost security to our Internet consumers. The
commencement of our retailing activities is testament to our goal of maximizing
share valuations for our loyal investors through high cash flow and strong
profitability. North Star's future looks extremely bright."
For further information on NSDM, visit www.northstardiamonds.net
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995
for all public news releases. Statements, which are not historical facts, are
forward-looking statements. The Company, through its management, makes
forward-looking public statements concerning its expected future operations,
performance and other developments. Such forward-looking statements are
necessarily estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and there can be no
assurance that other factors will not affect the accuracy of such
forward-looking statements. It is impossible to identify all such factors.
Factors which could cause actual results to differ materially from those
estimated by the Company include, but are not limited to, government regulation,
managing and maintaining growth, the effect of adverse publicity, litigation,
competition and other factors which may be identified from time to time in the
Company's public announcements.
CONTACT: Toll Free: 1-877-454-7872, or Email:
contact@northstardiamonds.net
Walter Stunder, President
SOURCE North Star Diamonds Inc.
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