NEW YORK, July 11 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC:GBDX) is announcing that CEO Alexey Cherbekov has resigned and that he has been replaced as of today by Mr. Slava Beurikov. Furthermore, Global would like to announce a second addition of Ms. Elena Voushva as Corporate Secretary. Both Mr. Beurikov and Ms. Voushva come to Global after spending considerable time in the diamond industry. Mr. Beuikov has over 23 years experience in the diamond industry. He has held various positions from buying, sales, and corporate management. Ms. Vousheva has over 20 years of experience in the diamond industry at the corporate and administration levels. Their appointments can be viewed on the official State of Nevada Secretary of State's website. Mr. Beurikov and Ms. Vousheva we chosen from a list of candidates presented by Sib Almaz for new management. Sib Almaz has been identified as the potential merger/takeover candidate and Global agreed upon new management as part of the ongoing due diligence process. 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 Inc. CONTACT: Alex Livak, +1-347-813-4664, , for Global Diamond Exchange Inc. Web site: http://www.fortuneir.com/

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