TORONTO--(MARKET WIRE)--Jul 24, 2008 -- Diamant Corporation (OTC BB:DIAAF.OB - News) is pleased to announce that according to an Industry Study named "Degradable Plastic to 2010," the demand for degradable plastic in the US is forecasted to expand nearly 17 percent yearly to 500 million pounds in 2010, valued at $610 million, as reported by Freedonia research company, a well known and respected research group. To view an excerpt of this report click here: www.freedoniagroup.com/Degradable-Plastic.html.

These conclusions are based on a more competitive pricing structure, high feedstock costs for petroleum-based polymers, and growing environmental, governmental and consumer initiatives for greater use of sustainable resources. Degradable plastic applications are also being expanded by enhanced performance properties brought about by more sophisticated polymerization and blending techniques. Testing and certification standards have also been established for many types of degradable plastics, with growing pressures to limit packaging waste and further develop a composting infrastructure.

As Diamant's new biodegrading additive nears the completion of their final trials, Diamant nears completion of the evaluation of the market for nationwide distribution. As previously announced, the additive has been successfully tested in Europe and determined that it will render plastic PET bottles biodegradable.

Diamant's revolutionary plastics additive is currently available to plastic bag manufacturers. As that product is beginning to experience demand, the bottling additive will be soon available for distribution in the United States, Canada and Europe. The bottling additive, which is made up of a proprietary material will be blended into polyethylene terephthalate (PET), the plastic used in water bottle manufacturing, has the capability of giving an exceptional glass-like clarity and gloss will now be able to become bio-degradable. PET bio-degradable bottles and containers can now be used to package a range of shelf-stable products, including salsas, pasta and barbecue sauces, tomato ketchups, similar steak and table hot sauces, jams, jellies, juices, and bottled beverages such as sodas and water.

Freedonia is a research company that utilizes a Complete In-House Structure that collaborates together to provide consistency and accuracy. Our team includes: an Economics Group - Specialists in the Economy, which Develop all numbers for economic indicators and ensure accuracy of all forecasts; Industry Research Groups - Specialists in Industry who Understand all the nuances of a specific industry, glean information from numerous resources, analyze and report; Corporate Analysis Group - Watchdogs of Private and Public Companies who are at the forefront of business, reporting on product developments, mergers and acquisitions, and competitive strategies that will change business; Editorial Group - Tireless Spirits of Accuracy. For each study and report, they make sure the data is consistent and all the facts match. This in-house structure not only ensures accuracy and consistency, but it also provides a valuable system of checks and balances and allows research teams to share information from all industries.

About Diamant Film Inc.: Diamant Art Corporation (OTC BB:DIAAF.OB - News), through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc., is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant's Bio-Products contain Totally Degradable Plastic Additive. Unlike other plastic, once biodegrading is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle. Diamant(TM) Film has recently received the ECO logo certified by the Environmental Choice(TM) Program. The Environmental Choice(TM) Program is North America's leading benchmark of environmentally responsible products and services and supplier of bio-degradable additive in North America.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC. Further Diamant Art Corporation and its wholly owned subsidiaries, Diamant Film Inc. and Bio-Plastics Film Inc. do not condone or participate in spam activities, e-mail and fax programs of any manner.

Contact: For more information visit our FILM division website of Diamant Art Corporation at http://www.diamantfilm.com or contact Investor Relations: Gibraltan Financial (407) 834-9777.

     Contact:
     Investor Relations
     Gibraltan Financial
     (407) 834-9777