COLUMBUS, Ohio, October 18, 2016 – Diamant Entertainment Group today announced a restructuring
initiative to accelerate its evolution to becoming a leading entertainment company with a focus on
the production, acquisition and distribution of entertainment content across all media throughout the world.

Diamant will intensify its focus in specific high-growth areas where it is positioned for long-term leadership and
growth, while making the company more efficient and profitable. The initiative focuses on expanding further into
producing and licensing original television programming and driving sales through live event, television,
Internet and other digital outlets. This will also provide more opportunities in our managed clients sector.

The restructuring initiative was outlined in an e-mail from Diamant CEO Robert Williams to Diamant staff.

“The results we anticipate in 2017 will demonstrate that this strategy is a solid foundation for growth,”
said Williams. “Through our newly established relationships in the television production industry, several  
opportunities are  now available  to us to accelerate our momentum and build on our strengths.
“These actions will establish Diamant as a leading independent entertainment company,” he added.
“I am confident that we’ll emerge as a stronger and more productive company with broader reach and sharper
execution.”

Through this comprehensive initiative Diamant plans to increase investments in the development of original
television programming that will fuel revenue growth, and drive more profitable sales and licensing
opportunities for the company.

While we will continue to utilize freelance professionals, this restructuring will also include adding full and
part-time employees in Ohio, Georgia, New York and California by the end of first quarter 2017 and the filling of
certain key positions in Europe by the end of the year. The company also plans to consolidate much of its
administrative and production (music and film) operations into one building in early 2018.
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Diamant Announces Restructuring Initiative to Accelerate Transformation
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