Diamond State Depository, America`s Newest Precious Metals Depository, Announces Its Opening For Business in Delaware

Delaware Facility Holds Coin and Bullion Assets in Insured Custody Accounts,
Offers Array of Services with Tax Advantages for Personal and Commercial
Customers
WILMINGTON, Del.--(Business Wire)--
Diamond State Depository, LLC, a private precious metals depository, has
formally opened for business in New Castle, Delaware, storing, transferring, and
shipping precious metals bullion and coins, and providing an array of
complementary accounting services to individual and commercial customers across
the nation and worldwide.

"We're set up to meet the insured custody and delivery needs of high-volume
commercial accounts and private individuals alike, with state-of-the-art
security," says Mike Clark, President and General Manager at Diamond State. "Our
depository operates with a secure warehouse and a Class-three vault -- the
highest possible vault rating -- and our facilities are monitored by security
experts twenty-four hours a day."

In addition to gold and silver bullion and coins, the facility holds the
platinum group metals -- including palladium and rhodium -- used in catalytic
converters for vehicles, for example.

Mr. Clark points out that "our depository is strategically located, yet it is a
safe distance from many of the geopolitical threats known to exist today while
being just a two hour ride to Wall Street." Throughout the Northeast in
particular, jewelry and certain other industrial manufacturers are heavy users
of precious metals. But, he says, "They generally lack the means by which to
safely hold a large volume of precious metals, as they lack the security,
facilities and insurance to do so."

Diamond State holds precious metals and certified coins off of its balance
sheet, in insured, custody accounts that are titled in account owners` names, so
that clients have full control over their assets.

Through its internally developed inventory control and account management
system, Diamond State`s services feature expeditious and user-friendly account
reporting. Among other reports, Diamond State provides its customers with:

* Detailed transaction confirmations
* Itemized inventory and collateral holdings reports
* Comprehensive shipping summaries

Diamond State Depository prides itself on their attractive fee schedule. While
all commercial accounts are physically segregated, Diamond State`s individual
investment customers can open a Standard Storage account, where their metals or
coins are stored with those of other customers. Or, for a higher fee, they can
choose the Segregated Storage option, where their assets are separately held.

To meet the requirements of companies like high-volume bullion dealers, Diamond
State provides its commercial accounts with daily transaction confirmations and
either weekly or monthly inventory reports. And for all commercial accounts,
sub-accounting, or participant accounting services are available.

"We always protect our customers` business information, while working with them
to meet their operational needs and investment objectives," Mr. Clark says. "We
realize that protecting our customers` business data is as important as
safeguarding their inventory."

Diamond State offers collateral-custody accounting that is accomplished through
a three-way agreement that includes the borrower who owns the assets in storage,
the lender who has agreed to accept the assets as collateral for the borrower`s
loan, and Diamond State. As a third-party custodian of collateral, under this
arrangement, Diamond State protects the interests of both the lender and the
borrower.

Because of Delaware`s tax advantages, clients can save hundreds, if not
thousands of dollars a year by storing precious metals and coins at Diamond
State, according to Mr. Clark. Breaks that Delaware offers businesses and local
taxpayers include: no state sales tax, no personal property tax, no inventory
tax and no commercial net worth tax. And unlike New York State, Delaware does
not tax payments on depository-storage fees.

Retail coin and bullion purchases in any state in the U.S. can be made free of
sales tax if those assets are shipped by the seller for credit to the buyer`s
custody account at Diamond State, Clark says.

For individual accounts, a depository offers distinct advantages over a bank
safe-deposit box, Mr. Clark says. Most safe deposit boxes are too small to store
metals in quantity and box contents are not insured. Keeping metal and coins in
a bank safety box requires the owner to personally deliver them to, and retrieve
them from the box, exposing the owner to unnecessary security risks, and
requires them to buy insurance to protect against loss in storage.

Instead, many investors store their metals with a non-bank depository. The
benefits of storing at Diamond State include liquidity, personalized custody
accounts, insurance protection and modest storage rates and service fees
compared with other options.

The management and staff of Diamond State have more than 90 years of combined
depository and banking experience. Diamond StatePresident Mike Clark previously
established and managed the depository businesses of both Wilmington Trust
Company and Delaware Depository Service Company. Mr. Clark was the first-ever
recipient of the Industry Council for Tangible Assets Chairman`s Award in year
2008.

Victor Phillips, Diamond State's depository manager, has extensive experience
supervising and running depository operations.

For more information on Diamond State Depository go to
www.diamondstatedepository.com or call 888-322-6150.

MEDIA ADVISORY:

For more information on Diamond State, please see www.diamondstatedepository.com
or call 888-322-6150 in Delaware.

TrizCom
Jo Trizila, 972-247-1369 (o)
214-232-0078 (c)
jo@TrizCom.com

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