Diamant Art Corporation Announces the Review of House Bills by Senate and House Lawmakers in Rhode Island

Diamant Art Corporation Announces the Review of House Bills by Senate and House Lawmakers in Rhode Island Aimed at Non-Biodegradable Plastic Bags and Bottles

TORONTO -- (MARKET WIRE) -- 05/21/08 -- Diamant Art Corporation (DIAAF) through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc. announced today that Senate and House lawmakers have recently introduced a total of four bills this year aimed at reducing the consumption of non-biodegradable plastic bags and bottles in Rhode Island, and one designed to reduce litter and increase our recycling rate of non-biodegradable beverage containers.


According to the Environmental Council of Rhode Island (www.environmentcouncilri.org/news.html), the ECRI Legislative Agenda for 2008 includes bills written to enforce a reduction of waste created by plastic bags. Plastic bags, while requiring petroleum to produce, consume energy to manufacture, create litter, choke marine life and add to landfill waste. On this basis, ECRI (www.environmentcouncilri.org/news.html) supports legislation that would ban plastic bags (H7444, www.rilin.state.ri.us/billtext08/housetext08/h7444.htm), or discourage their use by mandating a refund for customers who bring reusable bags (H7159, www.rilin.state.ri.us/billtext08/housetext08/h7159.htm) (S2565, www.rilin.state.ri.us/billtext08/senatetext08/s2565.htm), or by taxing them (H7630, www.rilin.state.ri.us/billtext08/housetext08/h7630.htm). ECRI supports beverage container deposit recycling to reduce litter and increase our recycling rate (S2771, www.rilin.state.ri.us/billtext08/senatetext08/s2771.htm).


"We have more than enough garbage at the Central Landfill," said Rep. Amy Rice, D-Portsmouth. "It seems like unnecessary waste."


Rice, the sponsor of a House bill that would require stores to give a 3-cent rebate to customers who bring their own bags, said last week she was going to change the bill to include a 5-cent tax on plastic bags starting in mid-2009 and a phase out of their use by July 1, 2010.


The Rhode Island Resource Recovery Corporation, the independent state agency that runs the Central Landfill in Johnston, estimates that Rhode Islanders consume 192 million plastic grocery bags a year. The number is closer to 300 million when bags from pharmacies, large retailers and produce and deli bags are factored in.


About Diamant Art Corporation Inc. (DIAAF), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc., 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 the biodegrading process is complete, all that will remain is carbon dioxide, water, non toxic mineral salts and biomass, all of which will become part of the normal bio-cycle. Diamant" Film has recently received the ECO logo certified by the Environmental Choice" Program. The Environmental Choice" Program is North America's leading benchmark of environmentally responsible products and services and the sole supplier of the Nor-X "Renutra" additive in North America.


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.


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