Mr. Robert Luiten

HOUSTON, TX (MARKET WIRE) Blue Diamond Ventures, Inc., (PINKSHEETS: BLDV) announced today that Robert Luiten, a former chief operating officer and vice president of a division of one of the largest ethanol producing companies in Europe and the world's third largest chemical company, with sales of about EUR 33 billion, has joined the company in a consulting capacity and will assist in developing the company's biofuels trading division.

HOUSTON, TX -- (MARKET WIRE) -- August 03, 2006 -- Blue Diamond Ventures, Inc., (PINKSHEETS: BLDV) announced today that Robert Luiten, a former chief operating officer and vice president of a division of one of the largest ethanol producing companies in Europe and the world's third largest chemical company, with sales of about EUR 33 billion, has joined the company in a consulting capacity and will assist in developing the company's biofuels trading division.

"I very much look forward to providing my expertise and serving as a biofuels trading partner with Blue Diamond Ventures, Inc., until the company begins its own production," said Luiten, now CEO of Zenergy International, and formerly chief operating officer of INEOS Phenol, a division of INEOS Americas LLC.

Luiten, who was responsible for the daily operations of the $800 million division, recently led and concluded an acquisition of a $400 million materials plant for INEOS.Luiten was also credited with expanding the business by more than 30 percent, while reducing fixed cost (division wide) by 20 percent without downsizing.

Luiten, who holds a bachelor's degree in analytical chemistry and master's degree in organic chemistry, also served as board member and president for the INEOS US Investment Holding Company.

"We welcome Mr. Luiten's expertise," said Blue Diamond Ventures CEO John Quincey Moaning.

Former INEOS Executive, Robert Luiten, Announces Launch of Zenergy International, Inc.

PRESS RELEASE Former INEOS Executive, Robert Luiten, Announces Launch of Zenergy International, Inc.
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Former INEOS Executive, Robert Luiten, Announces Launch of Zenergy International, Inc.

MOBILE, AL -- (MARKET WIRE) -- August 23, 2006 -- Former INEOS executive, Robert Luiten, today formally announced the launching of Zenergy International, Inc., a new global biofuel solutions provider.

Zenergy International, Inc. endeavors to deliver biofuels at a competitive price, focusing on sustainable resources, safe practices, and compliance with all environmental laws, striving to minimize overall environmental impact.

Luiten holds a Master of Science in Chemistry and a Bachelor of Science in Analytical Chemistry.Formerly the COO of INEOS, Luiten was responsible for the daily operations and was schooled in lean manufacturing and fixed and variable cost optimization.These vital insights will lead Luiten to successfully produce and market a commodity like biofuel.His extensive experience, knowledge, relationships, and strategic thinking ensure his success as the CEO of Zenergy International, Inc.
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Robert Luiten, CEO Zenergy International, Inc. toll free 800.585.4407 inside/outside US 312.281.2907 Robert.Luiten@ZenergyIntl.com www.zenergyinternationalinc.com

Zenergy envisions supplying biofuels at the lowest possible cost to the consumer, and ChemConnect's Exchange will be one of the tools to deliver on this promise," said Robert Luiten, CEO of Zenergy International, Inc.

The experience of Robert Luiten, formerly with giant INEOS, is invaluable to a Company like Blue Diamond.His assistance can open doors for Blue Diamond to some of the best sources in the ethanol and biodiesel fuel markets.
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HOUSTON, TX, Aug 03, 2006 (MARKET WIRE via COMTEX) -- Blue Diamond Ventures, Inc., (PINKSHEETS: BLDV) announced today that Robert Luiten, a former chief operating officer and vice president of a division of one of the largest ethanol producing companies in Europe and the world's third largest chemical company, with sales of about EUR 33 billion, has joined the company in a consulting capacity and will assist in developing the company's biofuels trading division.

"I very much look forward to providing my expertise and serving as a biofuels trading partner with Blue Diamond Ventures, Inc., until the company begins its own production," said Luiten, now CEO of Zenergy International, and formerly chief operating officer of INEOS Phenol, a division of INEOS Americas LLC.

Luiten, who was responsible for the daily operations of the $800 million division, recently led and concluded an acquisition of a $400 million materials plant for INEOS.Luiten was also credited with expanding the business by more than 30 percent, while reducing fixed cost (division wide) by 20 percent without downsizing.

Luiten, who holds a bachelor's degree in analytical chemistry and master's degree in organic chemistry, also served as board member and president for the INEOS US Investment Holding Company.

"We welcome Mr. Luiten's expertise," said Blue Diamond Ventures CEO John Quincey Moaning.

Our understanding was that former INEOS executive Robert Luiten would assist the Company in developing a biofuels trading division.We are anxiously awaiting more information as to why this announcement was made at the beginning of August.