CITY OF INDUSTRY, Calif. and BATON ROUGE, La., June 20, 2005 (PRIMEZONE) -- U.S. Biodefense Inc. (OTCBB:UBDE), a Department of Defense central contractor and technology transfer company, and Diamond I Inc. (OTCBB:DMOI), a developer of wireless handheld gaming products, announced today the signing of a patent listing and Tech Transfer alliance agreement.
David Loflin, CEO of Diamond I, stated, "IBM has patent licensing revenues of $1 Billion or a fifth of total profits. Executing this patent listing and alliance agreement with U.S. Biodefense demonstrates another tangible commitment to our shareholders and corporate success through the proliferation of our Intellectual Property. We believe our Patent Pending Biometric Security Technologies are capable of being integrated into many new vertical industries that have the potential for bringing significant revenues and profits. U.S. Biodefense will help us properly package and market new licenses to these niches."
Under the agreement, U.S. BioDefense Inc. will Market the Intellectual Property on its technology transfer exchange web site www.T2X.US . UBDE will focus on assisting Diamond I, Inc. in generating new revenue channels from potential licensees in order to rapidly bring to market its Patent Pending Biometric Security Technology. The goal is to form partnerships with Fortune 500 Companies and Government Agencies for leveraging Diamond I into several new vertical industry fields of use for its inventions.
"U.S. Biodefense is leveraging its current Department of Defense Central Contractor status and powerful Technology Transfer Search Engine and Exchange, "T2X" to commercialize new cutting edge ventures. We are excited about the substantial upside potential in the Biometric Market estimated to be growing at double digit rates annually. We will be assisting Diamond I in generating new revenue streams by locating major licensees for its proprietary technologies," said David Chin, CEO.
T2X is an "Open Source" online Technology Transfer Exchange where Buyers can identify Technology that is available for licensing or partnering from Universities, Research Labs, and Scientists. Technology buyers such as public companies or VC's establish a confidential and secure interest profile describing licensing opportunities of interest to them.
Sellers such as scientists, government agencies, corporations and Universities with technology they wish to out-license provide either an online listing or non-confidential descriptions of their technologies. Each day, buyers can search information online or be matched with confidential opportunities with interests and send complete information to all parties. The site is aggregated so users can freely access VA, SBA, EPA, FEMA, NTTC, and NASA's collection of technologies.
About Diamond I, Inc.
Diamond I, Inc. is a development-stage company that focuses on bringing new Wi-Fi-based products to market, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino GS Concierge and Gaming System"(tm). The company also provides Wi-Fi Internet access in Louisiana, Arizona, Maryland, Pennsylvania, Nebraska and Washington, D.C. 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.
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. Currently, Diamond I is in negotiations with a nationally-known Las Vegas casino to serve as the demonstration facility for its system. Also, Diamond I is working to secure one or more cruise ships on which to implement a WifiCasino GS system; Diamond I has had preliminary discussions with the owners of one or more cruise ships. Diamond I has also had preliminary discussions with the owners of one or more horse racing facilities in the United States and dog and horse racing facilities outside the United States, with respect to its establishing a WifiCasino GS system on such a facility. Other well known biometric and software security stocks include Visage Indentix, RSA Security, Check Point, Verisign and ActivCard to name a few.
About U.S. BioDefense, Inc.
U.S. BioDefense is a Department of Defense central contractor that researches, develops, and commercializes leading-edge bio and biodefense technology. U.S. Biodefense, Inc. is focused on transferring, researching, and commercializing groundbreaking technology from Universities, Research Labs, Fortune 500 Companies, and Government Agencies.
Forward-Looking Statements
Certain statements in these interviews and news releases may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. Certain statements contained in the interviews are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Diamond I's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although the companies believe the statements are reasonable, they can give no assurance that such expectations will prove correct. The companies caution that any forward-looking statements contained herein are not a guarantee of future performance and that actual result may differ materially.