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| [X]                  | QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2010 |
|----------------------|------------------------------------------------------------------------------------------------------------------------------------|
| OR                   |
| [   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                           |

|   | Large Accelerated Filer                     | [   ] |   | Accelerated Filer         | [  ] |
|--------|---------------------------------------------|----------------------|--------|---------------------------|----------------|
|   | Non-accelerated Filer                       | [   ] |   | Smaller Reporting Company | [X]            |
|   | (Do not check if smaller reporting company) |                 |   |                      |

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| DIAMOND TECHNOLOGIES, INC.          |
|-------------------------------------|
| (A DEVELOPMENT STAGE COMPANY)  |
| INDEX                               |

|                                                | PAGE            |
|-----------------------------------------------------|-----------------|
|                                                |            |
| BALANCE SHEETS                                      | F-2             |
|                                                |            |
| STATEMENTS OF OPERATIONS                            | F-3             |
|                                                |            |
| STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY | F-4             |
|                                                |            |
| NOTES TO FINANCIAL STATEMENTS                       | F-5 – F-8 |

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| DIAMOND TECHNOLOGIES, INC.(A Development Stage Company)                   |   |
|---------------------------------------------------------------------------|--------|
| Consolidated Balance Sheets (Unaudited)                                   |   |
|                                                                      |   |
|                                                                      |   |   |   |   |   |   |
|                                                                      |   | March 31,2010 |   |   | December 31, 2009 |   |
| ASSETS                                                                    |   |   |   |   |
| Current asset:                                                            |   |   |   |   |   |   |
| Cash and cash equivalents                                                 |   | $ | 4,566 |   |   | $ | 2,969 |   |
| Total Current Asset                                                       |   |   | 4,566 |   |   |   | 2,969 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Copyrights                                                                |   |   | 865,000 |   |   |   | 865,000 |   |
| Fixed assets, net                                                         |   |   | 5,744 |   |   |   | 6,531 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                              |   | $ | 875,310 |   |   | $ | 874,500 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS' DEFICIENCY                                  |   |   |   |   |   |
| Current liabilities:                                                      |   |   |   |   |   |   |   |   |
| Accrued liabilities - other                                               |   | $ | 25,561 |   |   | $ | 23,217 |   |
| Due to officers and directors                                             |   |   | 240,000 |   |   |   | 240,000 |   |
| Acquisition cost payable                                                  |   |   | 66,502 |   |   |   | 100,000 |   |
| Due to shareholder                                                        |   |   | 267,742 |   |   |   | 308,054 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Total Current liabilities                                                 |   |   | 599,805 |   |   |   | 671,271 |   |
|                                                                      |   |   |   |   |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Shareholders' Equity                                                      |   |   |   |   |   |   |   |   |
| Preferred Stock, $0.00001 par value,                                      |   |   |   |   |   |   |   |   |
|  none issued and outstanding                                         |   |   | - |   |   |   | - |   |
| Common Stock, $0.00001 par value, 100,000,000 shares authorized           |   |   |   |   |   |   |   |   |
| 24,005,166 and 22,871,502 and  shares issued and outstanding at |   |   |   |   |   |   |   |   |
| March 31, 2010 and  December 31, 2009                           |   |   | 241 |   |   |   | 229 |   |
| Paid-In-Capital                                                           |   |   | 1,130,284 |   |   |   | 960,246 |   |
| Deficit Accumulated during the Development Stage                          |   |   | (855,020 | ) |   |   | (757,246 | ) |
|                                                                      |   |   |   |   |   |   |   |   |
| Total Shareholders' Equity                                                |   |   | 275,505 |   |   |   | 203,229 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                |   | $ | 875,310 |   |   | $ | 874,500 |   |

----

|                                        |   |           |       |   |           |   |       | December 12    |   |
|---------------------------------------------|--------|----------------|------------|--------|----------------|--------|------------|----------------|--------|
|                                        |   |           |       |   |           |   |       | 2006           |   |
|                                        |   | Three Month    |       |   | Three Month    |   |       | (inception) to |   |
|                                        |   | Ended          |       |   | Ended          |   |       |           |   |
|                                        |   | March 31, 2010 |       |   | March 31, 2009 |   |       | March 31,2010  |   |
|                                        |   |           |       |   |           |   |       |           |   |
| Revenue:                                    |   | $              | -          |   |           | $      | -          |           |   | $ | 15,887 |   |
|                                        |   |           |       |   |           |   |       |           |   |   |   |   |
| Cost of Sales:                              |   |           |       |   |           |   |       |           |   |   |   |   |
| Inventory - beginning of period             |   |           | -          |   |           |   | -          |           |   |   | 5,245 |   |
| Purchases                                   |   |           | -          |   |           |   | -          |           |   |   | 12,840 |   |
| Inventory - end of period                   |   |           | -          |   |           |   | -          |           |   |   | (5,245 | ) |
|                                        |   |           | -          |   |           |   | -          |           |   |   | 12,840 |   |
| Gross Profit                                |   |           | -          |   |           |   | -          |           |   |   | 3,047 |   |
|                                        |   |           |       |   |           |   |       |           |   |   |   |   |
|                                        |   |           |       |   |           |   |       |           |   |   |   |   |
| Expenses:                                   |   |           |       |   |           |   |       |           |   |   |   |   |
| Compensation office and directors           |   |           | -          |   |           |   | -          |           |   |   | 330,000 |   |
| Stock Compensation                          |   |           |       |   |           |   |       |           |   |   | 7,500 |   |
| Consulting fees                             |   |           | 27,360     |   |           |   | -          |           |   |   | 27,360 |   |
| Professional Fees                           |   |           | 65,111     |   |           |   | -          |           |   |   | 398,513 |   |
| Travel                                      |   |           | -          |   |           |   | 13,760     |           |   |   | 22,850 |   |
| Rent                                        |   |           | -          |   |           |   | 1,590      |           |   |   | 17,607 |   |
| Meals and entertainment                     |   |           | -          |   |           |   | -          |           |   |   | 11,506 |   |
| Bad debts                                   |   |           | -          |   |           |   | -          |           |   |   | 8,555 |   |
| Office                                      |   |           | 1,416      |   |           |   | 97         |           |   |   | 9,304 |   |
| Misc Expenses                               |   |           | 300        |   |           |   |       |           |   |   | 300 |   |
| Depreciation                                |   |           | 786        |   |           |   | 786        |           |   |   | 6,386 |   |
| Web page design                             |   |           | 1,420      |   |           |   | -          |           |   |   | 9,912 |   |
| Registration fees                           |   |           | -          |   |           |   | -          |           |   |   | 4,298 |   |
| Bank charges                                |   |           | 364        |   |           |   | 151        |           |   |   | 2,020 |   |
| Exchange                                    |   |           | 1,016      |   |           |   | 66         |           |   |   | 1,956 |   |
|                                        |   |           | 97,773     |   |           |   | 16,450     |           |   |   | 858,067 |   |
|                                        |   |           |       |   |           |   |       |           |   |   |   |   |
| Net Loss                                    |   | $              | (97,773    | )      |           | $      | (16,450    | )              |   | $ | (855,020 | ) |
|                                        |   |           |       |   |           |   |       |           |   |   |   |   |
| Basic and diluted net income per share      |   | $              | -          |   |           | $      | -          |           |   |   |   |   |
|                                        |   |           |       |   |           |   |       |           |   |   |   |   |
| Weighted average shares used in calculating |   |
| Basic and diluted net loss per share        |   |           | 24,005,166 |   |           |   | 16,721,502 |           |   |   |   |   |

----

|                                                               |   | Three Month    |     |   | Three Month    |   |    | December 12, 2006 |   |
|--------------------------------------------------------------------|--------|----------------|----------|--------|----------------|--------|---------|-------------------|--------|
|                                                               |   | Ended          |     |   | Ended          |   |    | (inception) to    |   |
|                                                               |   | March 31, 2010 |     |   | March 31, 2009 |   |    | March 31, 2010    |   |
|                                                               |   |           |     |   |           |   |    |              |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                              |   |           |     |   |           |   |    |              |   |
| Net loss                                                           |   | $              | (97,773  | )      |           | $      | (16,450 | )                 |   | $ | (855,020 | ) |
| Adjustments to reconcile net income to cash used                   |   |           |     |   |           |   |    |              |   |   |   |   |
| By operating activities                                            |   |           |     |   |           |   |    |              |   |   |   |   |
| Depreciation                                                       |   |           | 786      |   |           |   | 786     |              |   |   | 8,674 |   |
| Stock Compensation                                                 |   |           | -        |   |           |   |    |              |   |   | 7,500 |   |
| Changes in operating assets and liabilities                        |   |           |     |   |           |   |    |              |   |   |   |   |
| Decrease in accounts receivable                                    |   |           | -        |   |           |   | -       |              |   |   | - |   |
| Increase/(decrease) in accrued liabilities - other                 |   |           | 2,345    |   |           |   | 8,711   |              |   |   | 277,849 |   |
| Decrease/(increase) in acquisition costs payable                   |   |           | (33,499  | )      |           |   | -       |              |   |   | (33,499 | ) |
| NET CASH USED BY OPERATING ACTIVITIES                              |   |           | (128,141 | )      |           |   | (6,951  | )                 |   |   | (594,496 | ) |
|                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                              |   |           |     |   |           |   |    |              |   |   |   |   |
| Asset acquisition                                                  |   |           |     |   |           |   |    |              |   |   | 300 |   |
| Purchase of fixed assets                                           |   |           | -        |   |           |   | -       |              |   |   | (14,418 | ) |
| CASH USED BY INVESTING ACTIVITIES                                  |   |           | -        |   |           |   | -       |              |   |   | (14,118 | ) |
|                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                               |   |           |     |   |           |   |    |              |   |   |   |   |
| Shareholders advances (repayments)                                 |   |           | (40,312  | )      |           |   | 10,799  |              |   |   | 255,454 |   |
| Proceeds from sale of common stock                                 |   |           | 170,050  |   |           |   | -       |              |   |   | 357,726 |   |
| CASH PROVIDED BY FINANCING ACTIVITIES                              |   |           | 129,738  |   |           |   | 10,799  |              |   |   | 613,180 |   |
|                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                    |   |           | 1,597    |   |           |   | 3,848   |              |   |   | 4,566 |   |
|                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| CASH                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| Cash - Beginning of period                                         |   |           | 2,969    |   |           |   | 629     |              |   |   | - |   |
| Cash - End of period                                               |   | $              | 4,566    |   |           | $      | 4,477   |              |   | $ | 4,566 |   |
|                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| Supplemental Disclosure of Cash Flow Information                   |   |           |     |   |           |   |    |              |   |   |   |   |
| Taxes paid                                                         |   | $              | -        |   |           | $      | -       |              |   | $ | - |   |
| Interest paid                                                      |   | $              | -        |   |           | $      | -       |              |   | $ | - |   |
|                                                               |   |           |     |   |           |   |    |              |   |   |   |   |
| Non-cash Investing and Financing Activities:                       |   |           |     |   |           |   |    |              |   |   |   |   |
| Accounts payable as partial consideration for asset acquisition    |   | $              | -        |   |           | $      | -       |              |   | $ | 100,000 |   |
| Common stock issued as partial consideration for asset acquisition |   | $              | -        |   |           | $      | -       |              |   | $ | 765,300 |   |

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| Exhibit No. | Document Description                                                                                 |
|-------------|------------------------------------------------------------------------------------------------------|
| 31.1        | Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |                                                                                                 |
| 31.2        | Certification of Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |                                                                                                 |
| 32.1        | Certification of Chief Executive Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.     |
|        |                                                                                                 |
| 32.2        | Certification of Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.     |

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|   | DIAMOND TECHNOLOGIES INC. |
|--------|---------------------------|
|   |                      |   |
|   | BY:                       | VINCE LEITAO |
|   |                      | Vince LeitaoPresident, Principal Executive Officer, and a member of the Board of Directors. |
|   |                      |   |
|   | BY:                       | LEONARD STEINMETZ |
|   |                      | Leonard SteinmetzTreasurer, Principal Financial Officer, Principal Accounting Officer and a member of the Board of Directors. |

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| Exhibit No. | Document Description                                                                                 |
|-------------|------------------------------------------------------------------------------------------------------|
| 31.1        | Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |                                                                                                 |
| 31.2        | Certification of Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |                                                                                                 |
| 32.1        | Certification of Chief Executive Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.     |
|        |                                                                                                 |
| 32.2        | Certification of Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.     |

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