NEW YORK, March 1 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC:GBDX) is pleased to announce that management has begun conducting due diligence, setting the stage for the possibility of acquiring a synthetic diamond manufacturing and processing facility in Moscow, Russia. Global's management sees this as an opportunity to expand its operations by purchasing the land, equipment, and business of another company. This is the first stage of a proposed expansion, with the terms and conditions not yet finalized. This is something that will obviously have to occur in the event an acquisition is undertaken and if all parties agree to the terms it is viable that this transaction can be completed within 60 days. The company will continue to keep everyone informed as developments occur. 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 for Global Diamond Exchange Inc., +1-347-813-4664,

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