CORRECTION AGREEMENT

     This Correction Agreement (this "Correction  Agreement") is entered into as
of this 11th day of June, 1999 by and between GoProfit.com, a Nevada corporation
("GoProfit"),  the  undersigned  shareholders  of  GoProfit  (collectively,  the
"Shareholders"),  and Diamond  Equities,  Inc., a Nevada  corporation  ("Diamond
Equities).

                                    RECITALS

     A.  GoProfit,  the  Shareholders  and Diamond  Equities are parties to that
certain  Stock  Purchase  Agreement,  dated April 5, 1999 (the  "Stock  Purchase
Agreement"), pursuant to which all of the Shareholders exchanged their shares of
GoProfit for 600 shares of non-voting  Class B Preferred  Stock (the  "Preferred
Stock") of Diamond Equities.

     B. The 600 shares of Preferred Stock are convertible into 600,000 shares of
common stock of Diamond Equities.

     C. The Stock Purchase Agreement  explicitly states, and it has at all times
been the  intention  of all parties to the Stock  Purchase  Agreement,  that the
exchange by the  Shareholders  of their shares of GoProfit for shares of Class B
Preferred Stock of Diamond Equities was to be a tax-free reorganization.

     D.  Since  the date of the  Stock  Purchase  Agreement,  the  parties  have
determined that one of the requirements of a tax-free reorganization is that the
shares  issued in such and  exchange  consist  solely  of  voting  shares of the
acquiring corporation.

     E. Diamond Equities  mistakenly  issued non-voting share of Preferred Stock
to the undersigned Shareholders, which issuance will cause the transaction to be
in  violation  of  one  of  the  requirements  of  the  tax-free  reorganization
provisions of the Internal Revenue Code.

     F. As a result of the  mistake  made by the  parties to the Stock  Purchase
Agreement, the parties to the Stock Purchase Agreement now desire to correct the
Stock Purchase Agreement and the transaction  effected thereby,  effective as of
the original date of the Stock purchase Agreement.


                                    AGREEMENT

     NOW, THEREFORE,  in consideration of the representations,  warranties,  and
agreements  made  herein,  and for other good and  valuable  consideration,  the
receipt  and  sufficiency  of  which  are  hereby  acknowledged,  GoProfit,  the
Shareholders and Diamond Equities hereby agree as follows:

                                       1
<PAGE>
     1.  Correction of Stock Purchase  Agreement.  The parties hereto agree that
the Stock Purchase  Agreement is hereby  corrected and amended,  effective as of
April 5,  1999,  to change to 600  shares of  Preferred  Stock  received  by the
Shareholders from Diamond Equities  pursuant to the Stock Purchase  Agreement to
600,000 shares of voting common stock of Diamond  Equities.  Each of the parties
hereto further agrees to hereafter  treat the exchange  effected under the Stock
Purchase  Agreement,  for  all  purposes,   including  tax  reporting  purposes,
financial  accounting  purposes,  and SEC and OTC Bulleting  Board reporting and
public disclosure  purposes,  as an exchange of GoProfit common stock for common
stock of Diamond  Equities.  In addition,  the parties  hereto agree to promptly
take all steps necessary and proper to correct the  transaction  effected by the
Stock Purchase Agreement,  including without limitation,  the following: (A) The
Shareholders  agree to return all  certificates  of Preferred  Stock received by
each of them  under  the  Stock  Purchase  Agreement  to  Diamond  Equities  for
cancellation;  (B) Diamond  Equities agrees to (I) execute,  deliver and/or file
any and all instruments,  documents, notices or other agreements that reflect or
evidence  the  correction  of the  Stock  Purchase  Agreement,  (ii)  issue  new
certificates to the Shareholders representing 600,000 shares of Diamond Equities
common  stock,  which  certificates  shall be dated as of April 5,  1999,  (iii)
notify its transfer agent, and any other appropriate  organization or agency, of
the correction of the Stock Purchase Agreement.

     2. GoProfit and  Shareholder  Representation  and  Warranties.  Each of the
Shareholders hereby severally  represents and warrants to Diamond Equities as to
itself,  that it still is the owner of all the shares of Preferred Stock that it
received pursuant to the Stock Purchase Agreement, and that such Shareholder has
not sold, transferred or pledged any of the shares of such Preferred Stock since
April 5, 1999.

     3. Diamond Representations and Warranties.  Diamond Equities represents and
warrants to each of GoProfit and the Shareholders as follows:

          a. Corporate  Existence and Power.  Diamond  Equities is a corporation
duly  incorporated,  validly existing and in good standing under the laws of the
State of  Nevada  and has  corporate  power  and  authority  to enter  into this
Correction  Agreement  and the  other  documents  to which it is a party  and to
consummate the transactions contemplated hereby and thereby.

                                       2
<PAGE>
          b.  Corporate   Authorization  of  Diamond  Equities.  The  execution,
delivery and performance by Diamond  Equities of this  correction  Agreement and
any other documents delivered in connection with this correction Agreement,  and
the consummation by Diamond Equities of the transactions contemplated hereby and
thereby  have been duly  authorized  by all  necessary  corporate  action.  This
Correction  Agreement,  and each of the  other  transaction  documents  to which
Diamond  Equities  is a party,  have been duly and  validly  executed by Diamond
Equities  and  constitutes  the legal,  valid and binding  agreement  of Diamond
Equities,  enforceable  against each  Diamond  Equities in  accordance  with its
terms,  except  as  may  be  limited  by  applicable   bankruptcy,   insolvency,
reorganization,   moratorium  or  similar  laws  affecting   creditors'   rights
generally.

          c.  Non-Contravention.  The  execution,  delivery and  performance  by
Diamond  Equities  of  this  Correction  Agreement  and  the  other  transaction
documents  to  which  Diamond  Equities  is a  party,  and  consummation  of the
transactions contemplated hereby and thereby, do not and will not (a) contravene
or conflict with the certificate of incorporation or bylaws of Diamond Equities,
or (b)  contravene  or conflict  with or  constitute a violation of any material
provision of any applicable law binding upon or applicable to Diamond Equities.

          d. Governmental Authorization. The execution, delivery and performance
by  diamond  Equities  of  this  Correction  Agreement  and  any  of  the  other
transaction  documents  requires no action by, consent or approval of, or filing
with, any governmental authority.

          e. Stock  Issuance.  All of the  600,000  shares of Diamond  Equities'
common  stock  issued  to  the  Shareholders  pursuant  to  the  Stock  Purchase
Agreement,  as  corrected,  are  validly  issued,  outstanding,  fully  paid and
nonassessable shares of Diamond Equities common stock.

     4. Public Announcements. Each party hereto agrees that, without the consent
of the other party,  it will not,  except as may be required by applicable  law,
issue any press  release  or make any  public  statement  with  respect  to this
Correction Agreement or the transactions contemplated hereby. The parties hereto
acknowledge that Diamond Equities is a public company and, accordingly,  that it
may have to issue a press release  regarding the  Correction  Agreement.  In the
event that Diamond  Equities does issue such a press release,  Diamond  Equities
hereby agrees to provide GoProfit with a copy of any such press release prior to
its issuance and, in good faith, to take into account any comments  GoProfit may
reasonably have regarding the disclosure made in any such press release.

                                       3
<PAGE>
     5. Specific Performance. The parties hereto recognize and agree that in the
event of a breach  by one  party  hereto  of this  Correction  Agreement,  money
damages would not be an adequate  remedy to the other party for such breach and,
even if money  damages were  adequate,  it would be  impossible  to ascertain or
measure with any degree of accuracy the damages  sustained by the  non-breaching
party therefrom.  Accordingly,  if there should be a breach or threatened breach
by one party of provisions of this Correction Agreement, the non-breaching party
or parties shall be entitled to an injunction  restraining  the breaching  party
from any breach  without  showing  or proving  actual  damage  sustained  by the
non-breaching party.

     6.  Further  Assurances.  Subject  to the  terms  and  conditions  of  this
Correction  Agreement,  each party will use all reasonable good faith efforts to
take,  or cause to be taken,  all  actions  and to do, or cause to be done,  all
things necessary or reasonably  desirable under applicable law to consummate the
transactions  contemplated  by this Correction  Agreement.  The parties agree to
execute and deliver such other  documents,  certificates,  agreements  and other
writings  and to take such  other  actions  as may be  reasonably  necessary  or
desirable in order to consummate  or implement  expeditiously  the  transactions
contemplated by this Correction Agreement.

     7. Counterparts.  This Correction  Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.

     8. Cumulative Remedies. The rights, remedies,  powers and privileges herein
provided are  cumulative and not exclusive of any rights,  remedies,  powers and
privileges provided by law.

     9. Third Party  Beneficiaries.  No provision of this  Correction  Agreement
shall create any third party  beneficiary  rights in any person,  other than the
parties hereto.

                                       4
<PAGE>
     IN  WITNESS  WHEREOF,  the  parties  hereto  have  caused  this  Correction
Agreement to be duly executed by them or by their respective authorized officers
as of the day and year first above written.


GP:                                       Diamond:
GOPROFIT                                  DIAMOND EQUITIES, INC.
a Nevada corporation                      a Nevada corporation



By: /s/ David Firestone                 By: /s/ David D. Westfere
   -------------------------------         ----------------------------------
    David Firestone, President             David D. Westfere, President & CEO



By: /s/ Louis Torres                    By: /s/ Todd D. Chisholm
   -------------------------------         ----------------------------------
    Louis Torres, Secretary/Treasurer      Todd D. Chisholm, Secretary/Treasurer


                                  Page 12 of 18
<PAGE>
--------------------------------------------------------------------------------
Seller:
SHAREHOLDERS OF GOPROFIT




By: /s/                                      By: /s/ David Firestone
   -------------------------------              --------------------------------
   GlobalVest Financial, Inc. (400,000)         David Firestone (400,000)


        For and on behalf of
By: /s/ VICKERY LIMITED-Director             By: /s/ Jeff Dalton
   -------------------------------              --------------------------------
     Hane Development LTD (400,000)             Jeff Dalton (400,000)



By: /s/ Louis Torres                         By: /s/ David Holifield
   -------------------------------              --------------------------------
     Louis Torres (400,000)                     David Holifield (400,000)


By: /s/
   -------------------------------
     For and on behalf of
       WOODWARD LIMITED-Director