Diamant Art Corporation to Supply the Only BIO-DEGRADABLE Additive for Polypropylene Plastic Wednesday January 23, 8:30 am ET
TORONTO--(MARKET WIRE)--Jan 23, 2008 -- Diamant Art Corporation (OTC BB:DIAAF.OB - News) announced today that the Company intends to expand their product line to include the marketing of degradable rigid trays. These trays are being utilized to package the vast majority of fresh product (Meat, Fish, Poultry and fresh produce) currently packed for bulk and individual sale. Rigid trays are currently manufactured with the use of a Foamed Polystyrene. ADVERTISEMENT
The most significant aspect of the development in using the Nor-x additive to manufacture a "degradable" Polypropylene tray is that Diamant will be the industry leader in that they will be the exclusive supplier in North America to the only cost effective degradable solution for Polypropylene plastic.
The only competitive degradable tray currently being distributed consists only of organic fiber-based trays, which are also biodegradable, however the cost is considerably higher. With approximately 30 billion trays being manufactured in North America this represents a very sizable market for our technology. There are numerous Rigid tray manufacturers in the United States and Canada, currently making standard non degradable trays that can be contracted to produce "Eco Friendly" Polypropylene Trays using the Nor-X Additive.
Additionally many foods items utilize Foamed polystyrene (Styrofoam) packaged products. Styrofoam represents one of the packaging industry's toughest environmentally challenging products, due to its enormous sustaining longevity, which consequently results in a negative impact on our environment. Although there have been some developments using chemical degradation of Polystyrene materials (Styrofoam trays), there is still exists the problem of a chemical byproduct that will remain behind, which is a noxious deposit know as a "benzene ring." This noxious chemical still exists after the polystyrene (Styrofoam trays) completes its "degradation process."
Reference www.algalita.org for more information on the elimination challenges of traditional Polystyrene-based products.
"This will be a phenomenal addition to Diamant's current Bio-Products which contain Totally Degradable Plastic Additives. We anticipate this will contribute to a very substantial portion of our revenue growth. We will be the Only vendor in the Nation providing this degradable solution to the packaging industry," stated Diamant Film Inc. CEO and President Stefan Gudmundsson.
Unlike other plastic, once degradation is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle. As a result, Diamant(TM) Film has recently received the ECO logo certified by the Environmental Choice(TM) Program. The Environmental Choice(TM) Program is North America's leading benchmark of environmentally responsible products and services.
About Diamant Film Inc.: Diamant Art Corporation (OTC BB:DIAAF.OB - News), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com), is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant's Bio-Products contain Totally Degradable Plastic Additive. Unlike other plastic, once biodegrading is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle. Diamant(TM) Film has recently received the ECO logo certified by the Environmental Choice(TM) Program. The Environmental Choice(TM) Program is North America's leading benchmark of environmentally responsible products and services.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC. Further Diamant Art Corporation and its wholly owned subsidiaries, Diamant Film Inc. and Bio-Plastics Film Inc. do not condone or participate in spam activities, e-mail and fax programs of any manner.
Contact: Contact: For more information visit our FILM division website: http://www.diamantfilm.com Diamant Art Corporation Investor Relations: Gibraltan Financial (407) 834-9777
-------------------------------------------------------------------------------- Source: Diamant Art Corporation
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