Adamas One Corp. entered into a non-binding Letter of Intent to acquire Flawless Allure Grown Diamonds, LLP.

Adamas One Corp. is a high-tech diamond company. The Company uses its technology to produce single crystal laboratory-grown diamonds (LGD) and diamond materials through a chemical vapor deposition (CVD) process, which it refers to as its Diamond Technology. The Company's lab-grown diamonds have the exact physical, chemical, and optical properties of the mined diamonds. Its lab-grown diamonds are composed of a pure carbon lattice, like mined diamonds, and are not considered synthetic or simulant diamonds like cubic zirconia and moissanite. It uses its Diamond Technology to produce finished diamonds that the Company sell wholesale and focuses to sells at retail for jewelry and rough unfinished diamond materials that it focuses to sell at wholesale and retail for industrial uses. It is engaged in the development of a commercial production model for the manufacture and sale of diamonds and diamond materials, which are suitable for industrial, technology, and consumer applications.