August 03, 2007 08:30 ET

Blue Diamond Ventures Selects BEI Engineering to Design and Build Biodiesel Pilot Plant in Belize

HOUSTON, TX--(Marketwire - August 3, 2007) - Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV) Blue Diamond Ventures, Inc., announced today it has selected BEI Engineers of Pasadena, Texas, to design and build a three to six million gallons per year (MGY) biodiesel pilot production plant in Belize, with immediate plans to expand capacity up to 100 million (MGY), following construction of the commercial demonstration facility in the Stann Creek District.

"BEI's experience of handling large projects, its safety record and overall attitude toward service and excellence led to our selection of the company," said Blue Diamond Chief Executive Officer John Quincey Moaning. "We look forward to a productive relationship."

BEI is currently performing the engineering for a biodiesel facility in Texas. It is also doing the front-end studies for a biodiesel facility on the Gulf Coast. With over 2.3 million safe hours worked, BEI has never had an OSHA recordable accident nor any lost time due to an accident.

"I am very impressed with the efforts Blue Diamond Ventures has made to develop this project for the benefit of the economy of Belize and the environment," said Fred D. Bandini, BEI Engineers Chief Executive Officer. " I am pleased and excited BEI has been selected for this opportunity to provide our services for the project and look forward to working with the Blue Diamond team."

In Belize, BEI's involvement will include process engineering, civil structural engineering, electrical engineering and design, instrumentation and control systems and project management.

The selection of BEI comes weeks after Moaning and Belize Prime Minister Said Musa signed the sales agreement giving the company acquisition of 180 acres of land, forming part of the Old Lynam College in the Stann Creek District, which will serve as a headquarters for the company's bio-fuels, goat and research and development operation.

The company will issue a separate press release explaining the upcoming episode featuring Blue Diamond Ventures on World Business Review hosted by General Norman Schwarzkopf, which will be aired on CBNC August 26TH at 2 p.m. Central Standard Time.

About Blue Diamond Ventures, Inc.: Blue Diamond Ventures, Inc. (www.bluediamondventures.com) is an agriculture, biofuels and commercial development company with operations in Belize and the U.S.

DISCLOSURES:

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Blue Diamond Ventures, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Blue Diamond Ventures, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Blue Diamond Ventures, Inc.