Global Diamond's Next Order Estimated at $2.1 Million In Wholesale Value

NEW YORK, April 2  /PRNewswire-FirstCall/ -- Global Diamond Exchange (OTC:GBDX) is pleased to announce that the next order has been graded and is being shipped over to the United States for sale.  Pursuant to the Rappaport Sheets, the leading authority of wholesale diamond prices and demand, it is estimated that the third shipment's wholesale value is US$2,146,000.

Also, due to misconceptions over the wholesale office and several angry calls to the sales offices at 2 West 46th Street in New York City, the company would like to reiterate that this is not a retail store and does not sell individual pieces.  This is strictly a wholesale operation and the company sells lots to other well-known wholesalers', not individual buyers or shoppers.

Regarding the potential takeover/merger - corporate attorneys are currently conducting their due diligence.  Once the company has the approval of its legal department, it will give a full public update.  We expect this to happen very shortly.

About Global Diamond Exchange:

Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the 'New York's Diamond District'. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America.  The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations.  The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. 

DATASOURCE: Global Diamond Exchange



CONTACT:  Alex Livak for Global Diamond Exchange, [phone],

 



Web site:  http://www.fortuneir.com/

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