Global Diamond Exchange Inc. Changes Location, Appoints New President
October 14 2008 - 11:03AM
Marketwired
Global Diamond Exchange Inc. (PINKSHEETS: GBDX) has closed its
office on 2 West 46th Street. The poor performance by the United
States economy in recent months and the lack of disposable income
has necessitated a change in offices. The company will concentrate
on the wholesale and the processing business exclusively. The new
office is located in Tshipise, South Africa. The phone number is
+27 76 176 8592.
Additionally, Sib Almaz is considering divesting their
controlling interest to a South African Group. A new president has
been appointed due to Mr. Lava Beurikov's failing health and
constant hospitalization. Dr. Didier Debonggo has replaced Mr.
Beurikov. The company had received a subpoena from the SEC and had
responded through counsel. Dr. Debonggo is in the process of
acquiring new counsel as Mr. Beurikov's health issues have made it
unclear at the present stage of the responses. A complete
shareholder update is forthcoming.
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.
Contact: Darby Uguma +27 76 176 8592 Email:
globaldiamondexchange@safe-mail.net
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