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clothingrep

01/16/07 12:32 PM

#836 RE: wireliner #835

THese were issued back on Nov 30/06
Unregistered Sales of Equity Securities.

On November 30, 2006, Diamant Art Corporation f/k/a ART International Corporation (the "Company") sold 8,250,000 RESTRICTED shares of its Class C Common Stock. As consideration for the sale of these shares, the Company received a total of $ 330,000.00 consisting of $330,000.00 in cash. The proceeds are for the corporation’s normal cash flow needs and day to day expenses.

The Company's sale of the subject restricted shares is exempt from registration in reliance upon the provisions of Regulation S under the Securities Act of 1933, as amended. Each purchaser of the shares of the Company's Class C Common Stock has represented, among other things, that he is not a "U.S. Person" and that the offer and sale of the subject shares was effected through an "Offshore Transaction," all as such terms are defined under Regulation S.

The 8,250,000 issued shares, RESTRICTED under the provisions Regulation S under the Securities Act of 1933, as amended, of the Company's Class C Common Stock which have been sold have a conversion right whereby, at the election of the holder thereof, each share of the Company's Class C Common Stock can be converted into 100 shares of the Company's common stock carrying the same restrictions and provisions of Regulation S under the securities Act of 1933.

clothingrep

01/16/07 1:21 PM

#838 RE: wireliner #835

Do you know anything about the company they are aquiring?
Is it for Manufacturing?
THanks