October 15, 2013

Scio Diamond Provides Business Update

Announces Preliminary Quarterly Revenue and Outlook for Fiscal Year - To Present Tomorrow at the 15TH Annual ICR XChange Conference

GREENVILLE, SC, Jan. 16, 2013 /CNW/ - SCIO Diamond Technology Corporation (OTCBB: SCIO) today announced a business update, including preliminary third quarter fiscal year 2013 (FY13) sales results and its outlook for the fourth quarter. The company will present a company update at the 15th Annual ICR XChange Conference to be held in Miami, Florida at the Fontainebleau Hotel.

Estimated FY13 Financial Results (unaudited) and Outlook

  • Scio expects to report third quarter FY13 revenue of approximately $550,000.
  • Scio expects fourth quarter FY13 revenue of approximately $650,000 to $725,000.
  • Scio expects full-year FY13 revenues of approximately $1,260,000 to $1,330,000.

Conference Presentation

The Company’s presentation at the 15th Annual ICR XChange will begin at 1:10 p.m. Eastern Time on Thursday, January 17, 2013. Chief Executive Officer Steve Kelley will be speaking at the conference in the Glimmer Ballroom 3 & 4. Mr. Kelley will also host two question-and-answer sessions, at 9:15 am EST and 11:30 am EST at Table E4 in the Fontaine Fleur De Lis breakout room. Mr. Kelley will also be available for private meetings throughout the day.

A live webcast of the presentation will be available in the Investor Relations area of the Company’s website at http://www.sciodiamond.com. A replay of the webcast will be accessible at the same location.

The ICR XChange is one of the leading consumer-oriented investment conferences. Over the course of three days, more than 150 companies will present to over 1500 attendees, including buy- and sell-side analysts, the private equity community, the media, select investment banks, law firms and consultants. This event each year sets the tone for industry developments in the coming twelve months.

For updates on the conference follow ICR XChange on Twitter @ICRPR and join the conversation using the #icrxchange hashtag. Additional information can also be found at http://www.icrxchange.com.

About Scio Diamond Technology
Scio employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. These cultivated diamonds have chemical, physical and optical properties identical to mined diamonds. The company’s manufacturing process enables it to produce high-quality, high-purity, and single-crystal diamonds that are colorless, near colorless and fancy colored. Scio’s technology offers the flexibility to produce lab-grown diamonds in size, color and quality combinations that are very rare in nature. Scio produces diamonds for industrial, gemstone, medical and semiconductor applications.

About ICR
Established in 1998, ICR is consistently ranked as one of the top independent financial communications firms in the North America, and in 2011 was ranked as the 8th largest independent communications firm overall. ICR specializes in investor relations, corporate and crisis communications and digital media, and represents more than 350 public and private companies across more than twenty different sectors. The firm maintains offices in Norwalk Connecticut, New York, Los Angeles, San Francisco, Boston and Beijing.
Learn more at http://www.icrinc.com.

SOURCE: Scio Diamond

 

For further information:SCIO Diamond Technology Corporation
Steve Kelley
Chief Executive Officer
864-751-4880
skelley@sciodiamond.com

SCIO Diamond Technology to present at the 15th Annual ICR XChange Conference

GREENVILLE, SC, Jan. 10, 2013 /PRNewswire/ - SCIO Diamond Technology Corporation (SCIO) is pleased to announce that it will be presenting at the 15th Annual ICR XChange Conference to be held in Miami, Florida at the Fontainebleau Hotel.

The Company’s presentation will begin at 1:10 p.m. Eastern Time on Thursday, January 17, 2013. Chief Executive Officer Steve Kelley will be speaking at the conference in the Glimmer Ballroom 3 & 4. Mr. Kelley will also host two question-and-answer sessions, at 9:15 am EST and 11:30 am EST at Table E4 in the Fontaine Fleur De Lis breakout room. Mr. Kelley will also be available for private meetings throughout the day.

A live webcast of the presentation will be available in the Investor Relations area of the Company’s website at http://www.sciodiamond.com. A replay of the webcast will be accessible at the same location.

The ICR XChange is one of the leading consumer-oriented investment conferences. Over the course of three days, more than 150 companies will present to over 1500 attendees, including buy- and sell-side analysts, the private equity community, the media, select investment banks, law firms and consultants. This event each year sets the tone for industry developments in the coming twelve months.

The 15th Annual ICR XChange is pleased to be sponsored by Bank of America Merrill Lynch; Barclays; Canaccord Genuity; Citi; Cowen and Company; Credit Suisse; Goldman, Sachs & Co.; ITG; Janney Montgomery Scott LLC; Jefferies; J.P. Morgan; KeyBanc Capital Markets; Lazard; Nomura Securities International; Piper Jaffray & Co; Raymond James; Robert W. Baird & Co.; Stephens Inc.; Stifel Nicolaus; Wells Fargo Securities; and William Blair.

For updates on the conference follow ICR XChange on Twitter @ICRPR and join the conversation using the #icrxchange hashtag. Additional information can also be found at http://www.icrxchange.com.

About Scio Diamond Technology
Scio employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. These cultivated diamonds have chemical, physical and optical properties identical to mined diamonds. The company’s manufacturing process enables it to produce high-quality, high-purity, and single-crystal diamonds that are colorless, near colorless and fancy colored. Scio’s technology offers the flexibility to produce lab-grown diamonds in size, color and quality combinations that are very rare in nature. Scio produces diamonds for industrial, gemstone, medical and semiconductor applications.

About ICR
Established in 1998, ICR is consistently ranked as one of the top independent financial communications firms in the North America, and in 2011 was ranked as the 8th largest independent communications firm overall. ICR specializes in investor relations, corporate and crisis communications and digital media, and represents more than 350 public and private companies across more than twenty different sectors. The firm maintains offices in Norwalk Connecticut, New York, Los Angeles, San Francisco, Boston and Beijing.

Learn more at http://www.icrinc.com.

SCIO Diamond Technology Recaps Conference Presentation and Elaborates on Distribution Strategy

GREENVILLE, S.C., Jan. 17, 2012 (GLOBE NEWSWIRE) — SCIO Diamond Technology Corporation (OTCBB:SCIO.OB) today recapped the company’s presentation at the 14th Annual ICR XChange investor conference in Miami this week. The recap is for the benefit of shareholders and interested parties unable to attend the event, and is intended to conform to Regulation FD disclosure requirements. The ICR XChange is one of the leading consumer-oriented investment conferences, with over 150 companies presenting to over 1,500 institutional investors and analysts. SCIO Diamond Chief Executive Officer Joseph Lancia presented on the afternoon of Thursday, January 12. A webcast replay of the presentation is available in the Investor Relations section of SCIO’s website: http://www.sciodiamond.com

A key new element of Lancia’s presentation was the recent refinement of the company’s distribution strategy, which is resulting in a significant level of interest among potential distributors and customers. Within the gemstone market, SCIO’s positioning as a supplier of both affordable and sustainable real diamonds is resonating with wholesalers and retailers. In emerging markets where consumers are interested in real diamonds but have less disposable income, the company is actively negotiating with large distributors that can bring SCIO diamonds to retailers in China and India. In more developed markets, interest is growing in sustainable diamonds that avoid the “conflict diamond” issue as well as the environmental degradation associated with natural diamond mining. The company is actively negotiating supply agreements with retailers interested in creating lines of “green” jewelry to fulfill this growing demand in the U.S.

The company is also seeing growing interest for multiple industrial applications for diamonds leading to a number of distribution negotiations with potential industrial partners. For instance, SCIO is pursuing partnerships with companies that produce diamond laser scalpels and diamond semiconductor substrates. While gemstones are an immediate opportunity for SCIO, the company expects multiple industrial applications to drive longer-term growth.

Mr. Lancia’s presentation also covered a brief corporate history, noting that the predecessor company, Apollo Diamond, invested over $40 million over two decades to develop SCIO’s diamond growing technology. He noted that SCIO produces real diamonds—they are not “artificial” or “simulants”—using an advanced Chemical Vapor Deposition (CVD) process that is superior to the most prevalent alternative method, High Temperature High Pressure (HTHP). CVD enables much finer control over key properties of the diamonds, including color. SCIO’s technology is protected by 14 patents, including its first Canadian patent that was announced recently. The company plans to raise $10 million this winter to fund the purchase of an additional ten reactors and infrastructure to fill out the production facility in Greenville, SC. The reactors will be larger six-inch models, substantially enhancing the company’s revenue potential at full production.

“We appreciate the opportunity offered by ICR to tell our story to a large audience of institutional investors,” said Lancia. “As demand grows for our products and we move into volume production later this year, we intend to keep investors fully informed through conference appearances, press releases, and investor conference calls.”

For more information, the company’s presentation is available at the “Download Center” section of the company’s website: http://www.sciodiamond.com/?download=4

About SCIO Diamond

SCIO Diamond employs a patent-protected chemical deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. The diamonds have identical chemical, physical and optical properties of any diamond found in the earth, and the company’s highly controlled manufacturing process enables it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.

SCIO’s technology permits it to produce lab-grown diamonds in size, color, and quality combinations that are rare, if at all present in nature. Diamonds are now being offered in limited quantities as jewelry and in the technology arena as the material operating system of the future.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including the Company’s beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company’s filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.

CONTACT: Investor Relations:
         ICR, LLC
         Gary T. Dvorchak, CFA
         Senior Vice President
         +1 (310) 954-1123
         gary.dvorchak@icrinc.com
         Company:
         SCIO Diamond Technology Corporation
         Joseph D. Lancia
         Chief Executive Officer
         +1 (864) 751-4880
         Jlancia@sciodiamond.com

Scio Diamond Recaps Conference Presentation

GREENVILLE, S.C., Dec. 14, 2011 (GLOBE NEWSWIRE) — Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) today recapped the company’s presentation at the LDMicro small cap growth stock conference in Los Angeles last week. The recap is for the benefit of shareholders and interested parties unable to attend the event, and is intended to conform to Regulation FD disclosure requirements. LDMicro is a premier small cap stock conference in which over 100 companies presented to several hundred institutional and private investors. Scio Diamond Chief Executive Officer Joseph Lancia presented on the afternoon of Wednesday December 7 to a standing-room-only audience. Mr. Lancia began with a brief corporate history, noting that the predecessor company Apollo Diamond invested over $40 million over two decades to develop Scio’s diamond growing technology. He noted that Scio produces real diamonds—they are not “artificial” or “stimulants”—using an advanced Chemical Vapor Deposition (CVD) process that is superior to the most prevalent alternative method, High Temperature High Pressure (HTHP). CVD enables much finer control over key properties of the diamonds, including color. Scio’s technology is protected by 13 patents, with another 40 pending, as well as important trade secrets. Lancia then outlined the market opportunities for Scio, in both gemstones and industrial applications. The rough diamond market is about $13 billion in annual sales, the majority being in industrial. Scio is in the midst of negotiating a number of distribution deals, in both gemstone and industrial applications, for the production volumes it expects to achieve this year. Finally, Lancia outlined the company’s development plan. He explained the economics of individual reactors used to grow diamonds, noting that the return on the capital cost of a reactor can be several hundred percent, based on current market prices and cost estimates. The company intends to raise additional capital to purchase production reactors and fund R&D and other business development. Lancia offered specific milestones the company expects to achieve over the next few months as it ramps into production. “We appreciate the opportunity offered by LDMicro to allow us to tell our story to a much broader audience of sophisticated investors,” said Lancia. “As a newly public company transitioning from R&D to development, we believe we have an exciting story that investors will want to hear. We intend to make additional conference appearances in order for potential investors to evaluate the investment merits of our business.” The company expects its next investment conference appearance to be at the ICR Xchange conference in Miami, Florida, on January 12, 2012. ICR Xchange is one of the largest consumer-oriented investment conferences, with two hundred companies presenting to over one thousand institutional investors. For more information, the company’s presentation is available at the “Download Center” section of the company’s website: http://www.sciodiamond.com/?download=4 About SCIO Diamond Scio Diamond employs a patent-protected chemical deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. The diamonds have the identical chemical, physical and optical properties as any diamond found in the earth, and the company’s highly controlled manufacturing process enables it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds. Scio’s technology permits it to produce lab-grown diamond in size, color, and quality combinations that are rare, if at all present in nature. Diamonds are now being offered in limited quantities as jewelry and in the technology arena as the material operating system of the future. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties, including the Company’s beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company’s filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public. CONTACT: Investor Relations: ICR, LLC Gary T. Dvorchak, CFA Senior Vice President +1 (310) 954-1123 gary.dvorchak@icrinc.com Company: Scio Diamond Technology Corporation Joseph D. Lancia +1 (864) 346-2733 Jlancia@sciodiamond.com Source: SCIO Diamond Technology Corporation

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