MARKHAM, Ontario, Nov. 8, 2004 (PRIMEZONE) -- ART International Corporation (OTCBB:ARIOF) announces that its wholly owned subsidiary, Diamant Film Inc., the exclusive North American distributor of a revolutionary non-PVC stretch wrap film, has delivered its first shipment of stretch wrap film to Victory Packaging. This shipment reflects the next step in conjunction with a Letter of Intent between Diamant Film Inc. and Victory Packaging for the distribution rights of Diamant(TM) film to the industrial, supermarket, institutional and catering markets throughout North America.
Victory Packaging, founded in 1976 and based in Houston, Texas, has sales of $350 million and is a full service packaging company. Victory Packaging has 50 warehouses throughout North America with 4 million square feet of warehouse space and 350 trucks making daily deliveries.
About ART International Corporation
ART International Corporation, through its wholly owned subsidiary, Diamant Film Inc., has secured a ten-year agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights in the United States and Canada to Diamant(TM) film, a non-PVC food stretch film. Diamant(TM) film is the world's first plasticizer-free stretch film based on polystyrene and the first food wrap film that is environmentally friendly and recyclable. Diamant(TM) film has recently been certified by the Environmental Choice(M) Program as it has successfully met the criteria for both the environmental and performance standards. The Environmental Choice Program is North America's leading benchmark of environmentally responsible products and services.
For more information, please visit our website, www.diamantfilm.com.
For further information contact Mr. David Zazoff, Investor Relations for ART International Corporation, at (800) 596-8388 or (212) 505-5976.
Safe Harbor
This release may contain forward-looking statements that involve uncertainties and risks. Actual results may differ materially from the results predicted. Important factors which could cause actual results to differ materially from those expected or implied in the forward-looking statements are detailed in filings with the Securities and Exchange Commission made from time to time by ART International Corporation including its periodic reports on Form 10-K, 10-Q and 8-K. ART International Corporation undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof.