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Diamond I Outlines Potential Uses, 'Value' of Technology Underlying Pending Patent Application and Verizon Wireless Ranks Highest in Call Quality in J

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Diamond I, Inc. (OTC BB: DMOI), a developer of wireless gaming products, including the GS2(TM) wireless hand-held gaming unit and the WifiCasino(TM) wireless gaming system, today discussed the "value" and potential uses for the technology embodied in its "Biometrically-Secured Portable Wireless Entertainment, Shopping & Gaming System" pending patent application.

Verizon Wireless, a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE: VOD), ranked highest among the top five national wireless providers nationally and scored significantly above the industry average in the J.D. Power and Associates Wireless Call Quality Performance Study Volume 2, issued today. The J.D. Power and Associates Wireless Call Quality Performance Study employs a call quality index based on criteria that impact overall carrier performance. UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, is to make its debut in the Middle East at next week's GSM>3G Middle East and Gulf conference and exhibition, taking place at the Dubai International Convention Centre on 11-12 September 2006. UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. Open Joint Stock Company "Vimpel-Communications" (NYSE: VIP) today announced that the Court of Appeals affirmed the June 26, 2006 ruling by the Moscow Arbitration Court in favor of VimpelCom in one of the three lawsuits filed by Telenor East Invest AS. VimpelCom is pleased with the ruling, which once again denies Telenor's claim to invalidate the decision of VimpelCom's CEO to complete the acquisition of CJSC "Ukrainian Radio Systems" ("URS").

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