Diamant Art Corp. announced that through Bio-Plastics Film Inc., its wholly owned subsidiary, the company has made recent progress with various companies that have considered its plastic packaging and additive products. Diamant Art is working on increasing interest in the various products that it distributes, such as the shrink and pallet wrap, both nationally and internationally.

To gain and maintain momentum on orders of ranging sizes, the company is in contact with companies around the world to widen its scope of potential clients in this challenging economy. There are a number of companies that will be completing testing of Diamant Art’s products. The company plans to update shareholders regularly as these results begin to materialize.

Recently, Diamant Art reported that Bio-Plastics Film received official notification that the Canadian Food Inspection Agency has granted Non-Objection status to its food cling film products. By receiving this designation, Diamant Art’s cling film

NutraCea, a world leader in stabilized rice bran, has signed a definitive agreement with the Bright Food Investment Group, a subsidiary of Bright Food Group, to build the world’s largest rice bran oil refinery. The new refinery will process an estimated 500,000 metric tons of raw rice bran annually to produce rice bran oil, new patent-pending defatted rice bran, and stabilized rice bran, all of which will be used in a wide range of food applications.

The facility is estimated to be completed in 2010 and will be the world’s largest rice bran oil manufacturing plant, with the capacity to produce in excess of $200 million in annual gross revenues based on today’s market prices. Both companies are also anticipating future projects together, including constructing additional facilities of similar size.

According to the terms of the agreement, NutraCea will provide 80 percent of the capital and retain 72 percent of