SAN DIEGO, Feb. 6, 2009 (GLOBE NEWSWIRE) -- Diamond I, Inc. (OTCBB:DMOI), a reporting company trading on the OTCBB, announced today that its corporate name has been changed to ubroadcast, inc. and that the company's new trading symbol will be "UBCI", effective on Monday, February 9, 2009. The new trading symbol was assigned to reflect the company's change in corporate name and its one-for-thirty-two reverse stock split.
About ubroadcast, inc. (formerly Diamond I, Inc.)
During the first quarter of 2009, ubroadcast plans to launch "ubroadcast TV", which will allow users to produce live and On Demand television and movies in up to HD quality in some cases. With ubroadcast, anyone can host a live and interactive, or On Demand radio or television show on the internet. By blending this user generated content and our own original programming in a single application, ubroadcast bridges the gap between Internet video and traditional network radio and television.
Rolling Stone magazine, About.com, TechCrunch.com, and ABC News have all given ubroadcast media attention, and The San Diego Business Journal headline stated that the market for ubroadcast programs could be "Larger than MySpace(r) and YouTube(r)."
Please visit www.ubroadcast.com for more information and to listen to original programming, and to get FREE ubroadcast software.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about ubroadcast, inc.'s future business and financial results, refer to the company's Annual Report on Form 10-KSB for the year ended December 31, 2007. ubroadcast, inc. undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.