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DAC: Hot Off the Press

Diamond Advanced Components, Inc., Is Purchased by Mary Ellen Michaels, Former Vice President of Operations.

BOSTON, MA -- November 01, 2003 -- Diamond Advanced Components, Inc., (DAC), a national distributor of electronics, today announced its acquisition by Mary Ellen Michaels, the company's former Vice President of Operations.

The purchase of Diamond Advanced Components by Mary Ellen Michaels bolsters a strong confidence in DACs future and is the most recent development in a company that continues to grow despite a difficult economy.

Mary Ellen Michaels, the new President of Diamond Advance Components stated, "I am looking forward to continuing to develop Diamond Advanced Components and the opportunity to build on DAC's long history of providing outstanding products and solutions to our growing client base. Over the last number of months we have continued to expand our quality line of products and we look forward to a strong future for both Diamond and our clients."

About Diamond Advanced Components

Diamond Advanced Components (DAC) is a national distributor of electronic components. DAC's corporate office is located in Westwood, Massachusetts (Greater Boston area). DAC distributes a wide range of semiconductors, passive components, batteries and battery assemblies, cable assemblies, and enclosures from the top manufacturers in the electronics industry.

For more information on Diamond Advanced Components, the products it distributes, or the solutions it provides please contact:

Mary Ellen Michaels
President
Diamond Advanced Components
781-751-9091
mmichaels@diamond-ac.com



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