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Corporate
Overview
Diamond I, Inc. develops wireless gaming products, including
the “GS2 WifiCasino”, a hand-held Wi-Fi-based gaming system for
on-premises use by casinos.
With the passage of Nevada Law AB471, which authorizes the use of mobile
communication devices for gaming in public areas in Nevada casinos, Diamond I
seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for
its GS2 in conjunction with its application for a gaming license
in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has
agreed to continue to develop a working relationship relating to Diamond I's GS2
and, assuming Diamond I continues to meet certain standards, The Palms stated
that it intends to pursue an opportunity with Diamond I. Diamond I
continues to seek venues in which to establish its GS2 system,
including other U.S.
casinos, cruise ships and horse and dog racing facilities.
The term "Wi-Fi" (wireless fidelity) refers to an industry standard
for wireless equipment that meets published 802.11(x) standards. Wi-Fi
equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.
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