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Diamond I Encouraged by Wireless Review

LAS VEGAS – (PRESS RELEASE) -- Diamond I, Inc. (OTC Bulletin Board: DMOI), a developer of wireless gaming products, today expressed its encouragement following last week's Nevada Gaming Commission review of proposed rules for hand-held, wireless gambling devices, such as Diamond I's WifiCasino GS(TM) wireless gaming system.

Following the review, the Gaming Commission's Chairman, Mr. Peter Bernhard, indicated that the regulations implementing Nevada law AB471 will be discussed February 23rd at the Commission's meeting in Carson City and could be approved at the Commission's March 23rd meeting in Las Vegas.

"We are extremely excited that we now have a target date to work towards," said David Loflin, Diamond I's CEO, "and we fully expect to be ready to file an application for approval of our WifiCasino GS system when the time is right."

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