Diamond Subsidiary GoProfit.com Signs Web Hosting/Bandwidth Agreement With Frontier GlobalCenter

Business Wire, May 14, 1999

TEMPE, Ariz.--(BUSINESS WIRE)--May 14, 1999--

GoProfit.com, a subsidiary of Diamond Equities, Inc. (OTC BB: DDEQ), has signed a comprehensive Web hosting and content distribution agreement with Frontier Communications' data and Internet arm, Frontier GlobalCenter, to ensure that the GoProfit Web site will be able to handle large volume page view demands worldwide.

In addition to Web hosting, Frontier GlobalCenter has the ability to scale GoProfit.com's bandwidth as more Internet users discover GoProfit's financial search engine / Web portal.

Frontier GlobalCenter's ability to meet increase bandwidth demands will enable GoProfit to introduce proprietary visual and audio Due Diligence tools to the Internet. According to David Holifield, Senior Vice President Creative and Technical Development, "The Internet is not something you read, it's something you do."

As a leading digital distribution company, Frontier GlobalCenter currently handles more than 72 billion hits per month, translating into 2 million hits per minute for customers including new media/content providers, software companies and Internet-centric business.

Aside from GoProfit.com, Frontier GlobalCenter counts the world's top Web sites. Its customers include Yahoo!, Quote.com, News Alert, Biztravel.com and MiningCo.com.

Frontier Communications, a unit of Frontier Corporation (NYSE: FRO), is one of the leading providers of integrated communications solutions - including Internet, IP and data applications, long distance, local telephone conferencing - to business customers nationwide.

The self-healing Frontier Optronics Network provides customers with faster transmission speeds, greater bandwidth capacity and unrivaled reliability. For more information, visit the Frontier web site at www.frontiercorp.com or the Frontier GlobalCenter web site at www.globalcenter.net.

To find out more about the Frontier Optronics Network visit www.optronics.net. For more information please call John Sidline at 408/328-4706.

GoProfit, The World's Financial Search Engine, is dedicated to providing the global community with equal access to all pertinent financial information on a timely basis.

From time to time, the company may issue forward-looking statements which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and a forward-looking statement should be considered accordingly.

For more in formation, contact David Westfere, president, Diamond Equities Inc. 602/921-2760.