Diamond I Completes Acquisition of U.K. Gaming Software Company, Touchdev Limited and Verizon Wireless Customers Celebrate 1-Year Anniversary of Ringb

Wireless Communication industry news provided by Financial News USA (OTC: FNWU). Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, including the WifiCasino GS(TM) wireless hand-held gaming system, recently announced that it has completed its acquisition of Touchdev Limited. The acquisition was made solely for Diamond I stock. In addition to its proprietary wireless-PDA and cellular-phone-based compatible gaming software, Touchdev Limited, a private U.K. company, operates www.touchpoker.com, a Texas Hold'em play-money Internet site where visitors can play poker for entertainment only. UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, has now deployed over one million IP DSLAM (Internet Protocol Digital Subscriber Line Access Multiplexer) ports in Europe - one of the largest and fastest growing DSL markets in the world. UTStarcom's iAN8000 B1000 IP DSLAM is a carrier-class DSL access solution tailored to meet customer requirements for high-speed remote access and subscriber aggregation.

Just one year after the national availability of Ringback Tones from Verizon Wireless, a joint venture of Verizon Communications and Vodafone (NYSE: VOD), -- a cool music must-have phone accessory -- the company is introducing new features that allow customers to play their favorite tunes and to entertain their family and friends with music they'll enjoy. Verizon Wireless' new VZW Tones Deluxe gives music fans the freedom to make changes to their Ringback Tones on the go, allowing music-savvy customers to browse, preview, select and manage Ringback Tones in the palms of their hands. Open Joint Stock Company "Vimpel-Communications" (NYSE: VIP), a leading provider of wireless telecommunications services in Russia and Kazakhstan, with newly acquired operations in Ukraine, Uzbekistan and Tajikistan, recently announced its financial and operating results for the first quarter ended March 31, 2006. During the first quarter of 2006 the Company reported continued growth in new subscribers and improved financial results.

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