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Diamond I to Take WifiCasino GS to Jamaica

2 May 2006

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Diamond I, Inc. (OTC BB: DMOI), a developer of wireless gaming products, today announced that it has entered into a strategic alliance with Viking Productions, a Jamaica-based marketing and promotions firm, to bring Diamond I's WifiCasino GS to venues within the Jamaican hotel and tourism industries. Viking Productions is best known for its representation of the Jamaican Bobsled Team. A final agreement is expected to be completed by the middle of May 2006.

"We are extremely excited to have formed this business relationship with Viking," said David Loflin, Diamond I's CEO. "We believe our video gaming products, including our wireless, hand-held WifiCasino GS, will have great appeal on the Island," Mr. Loflin added.

Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino GS Concierge and Gaming System"™. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.

With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino GS, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino GS and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino GS system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.

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