Upon closing out our first year as a publicly traded company, listed on the NASDAQ exchange, we wanted to reach out to you, our shareholders, with an update on our business and to thank you for both your support and patience. Being a young company listed in a difficult market has been challenging, but we learned, adjusted and now we are looking forward to a good year ahead.
At
Additionally, we used a portion of our proceeds to update our factory with state of the art equipment, including 12 full-capacity reactors, extensive backup systems, testing equipment, lasers for initial rough cutting and various other essential equipment. In addition, we fine-tuned our recipes to increase the color and clarity of our diamonds in preparation for expanded distribution. We have also increased our staff to meet our production and sales & marketing needs.
In the spring we completed the designs for nearly 200 different pieces of jewelry for our
In the summer we launched our redesigned corporate website - AdamasOne.com with a fresh look aimed at raising our corporate visibility and demonstrating the value we are building for our shareholders. The new site includes a shopping feature for Business-to-Business (B2B) transactions and provides educational materials to help raise awareness of the value and benefits of Adamas’ lab-grown diamonds for our customers.
We also announced our intention to acquire a high-quality diamond cutter to further optimize our diamond manufacturing process and control all aspects of production, as the cut and polish capabilities of this entity will add significant value to the company’s holdings. Furthermore, we intend to acquire a lab-grown diamond wholesaler/retailer with a presence in New York’s diamond district. Combined with our manufacturing, these companies will enable us to complete the cycle from “seed to sale” and become one the most vertically integrated lab grown diamond companies in the world. We have hired
We announced plans to increase our presence in the semiconductor sector space with the launch of our wholly owned subsidiary, Adamas One Technologies™, and put together an experienced team to determine how we can best adapt our diamond substrate for use into new technology opportunities. Over the course of the last year we have worked with a
Awareness of lab-grown diamonds has grown exponentially over the past year, and we believe that now is the right time to increase our PR profile and leverage that awareness to increase the profile of Adamas One. As such, our CEO has been a regular on a handful of talk and morning shows highlighting how the company plans to take advantage of the positive trends and additional focus on the lab-grown diamond industry. Being a top
When Adamas One first started in the industry, lab-grown diamonds represented less than 1% of loose diamond sales in the
We have hired
We are very excited by the rapid development of the market over the past year and continue to work diligently to position the company to thrive. Please follow us at https://ir.adamasone.com/
Not Mined. Not Fake. Just sped up perfection. ™
Forward-Looking Statements
This press release may include “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. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “should”, “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in documents that we file from time to time with the
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For more information contact: Investor Relations CORE IR Scott Arnold, Managing Partner 516 222 2560 ir@adamasone.com Media Relations CORE IR Jules Abraham 917 885 7378
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