Diamond I, Inc. reported that its board of directors had approved a move to diversify the company's business. The board found that diversification would best serve DMOI's shareholders. The decision to diversify first into the oil and gas industry was made following a period during which DMOI's management has received numerous business propositions from oil and gas industry participants.
"The number of oil and gas opportunities that have been pitched to us during the last few months has convinced us that this move into oil and gas will yield positive results for us," said DMOI's CEO David Loflin. "We are close to adding a business development officer to our management team and expect to be able to make an announcement about that soon."
DMOI continues to operate its free online Poker site, IslandBlueCasino.net, a for-entertainment-only site, and to finalize its "GS3" hand-held gaming unit that is the key facet of its WifiCasino GS gaming system.
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