Diamond I, Inc (DMOI.OB) announced that the company has entered into an agreement with a private Texas company to acquire six oil and gas properties. Currently, DMOI has completed a short period of due diligence for this agreement; and as a result, intends to complete the acquisition within the next sixty days.
David Loflin, DMOI’s CEO, stated, “We believe this agreement puts us on the right track with our oil and gas program. Our first oil and gas acquisitions are being carefully made for near-term production, with an eye on our long-term success.”
DMOI continues to operate their free online Poker site, IslandBlueCasino.net. Island Blue Casino was designed to create a revenue stream for the company through the use of click-through advertising programs. Such advertising programs are witnessed on sites such as Amazon.com.
In addition, DMOI also owns the rights to patent-pending voice-recognition and fingerprint biometric security technologies. These security technologies will be incorporated into DMOI’s WifiCasino GS wireless hand-held gaming system.
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