Wednesday, May 03, 2006

Diamond I, Inc., 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"T. 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.