PureDepth Inc, a world-leading developer of display technologies and the developer of Multi-Layer Display technology, announced that it has completed a merger transaction with Diamond One Inc, a publicly traded company, which buy & sells coins, jewelry and many more based in Greenwood Village, CO.
At the closing of the merger, PureDepth shareholders received shares of Diamond One capital stock representing approximately 90 percent of the outstanding securities and voting power of Diamond One. In addition, former PureDepth directors and officers have become the directors and officers of Diamond One.
Diamond One stated that it intends to seek shareholder approval to change the name of the company to PureDepth Inc. Pending the name change, shares of Diamond One will continue to trade under the OTC bulletin board symbol "DMDO.OB."
PureDepth is an innovative technology company transforming the visual display experience by delivering award-winning MLD technology. Backed by 34 approved patents, this breakthrough in visualization is the first display technology that provides actual depth.
The company has, among others, a manufacturing license agreement with DRS Technologies, and business in medical, financial and consumer markets. Founded in 1999, the company is headquartered in Redwood Shores, California, with an engineering center located in New Zealand.
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