Diamond One, Inc. Announces Letter of Intent to Acquire PureDepth, Inc.
Posted on: Tuesday, 15 November 2005, 12:00 CST
Diamond One, Inc. (OTCBB:DMDO) today announced that it has entered into a Letter of Intent to acquire PureDepth, Inc. Diamond One will issue approximately 60,000,000 shares of its common stock in exchange for all outstanding shares of PureDepth. PureDepth is a privately held technology company which is the developer of the world's only Multi-Layer Display (MLD) technology, with applications in numerous fields, including financial, medical, defense and homeland security, avionics and navigation, gaming and personal computers.
The Letter of Intent is non-binding, and the acquisition of PureDepth, Inc. is subject to a number of conditions, including the approval of the transaction by the directors of Diamond One, and the shareholders of PureDepth, Inc.
For more information on Diamond One, Inc., please contact Troy Fullmer, TEL. 303-858-1177 ; FAX 303-858-1166. More information about PureDepth, Inc. can be found at the company's website, located at http://puredepth.com.
Source: Business Wire
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