Scio Diamond Announces Documentary and Production Status

Scio Diamond Announces Documentary and Production Status


GREENVILLE, SC, April 18, 2013 /PRNewswire/ - Scio Diamond Technology
Corporation (OTCBB: SCIO.OB) (hereinafter "Scio" or the "company")
today announced that it has been selected to be featured on the Fox
Business News show "Built in America". Scio also announced fiscal year
ending production status.



Scio, in concert with Studio 1080 Inc., is proud to announce that it
will be featured on the premier airing of "Built In America" on the Fox
Business Network on April 28 at 2:30 PM. "This is a very exciting time
for Scio", said Michael McMahon, Scio's CEO. "To be selected as a
featured article on the premier showing of Built in America is a great
opportunity for Scio Diamond to show Fox's 68 million-viewer audience
our one-of-a-kind technology".



"While filming the Scio Diamond feature, we were truly amazed at this
diamond making technology and impact it will have in the future to all
of us", said Mr. Collin Williams, Executive Producer / Director of
Studio 1080. It was astounding to actually watch diamond growing and
learn the many, many uses of diamond".



March 31, 2013 ended Scio Diamond's first complete year of operation and
fiscal year.  During that year Scio designed and built its new
production facility in Greenville, SC and relocated all production
equipment from Massachusetts to Greenville. Production began in earnest
in July and over the last nine months Scio has produced over 15,000
carats of lab grown single crystal rough diamond. Scio has been
shipping product and have been earning  revenue since September of
2012.



"It has been an exciting first year of operation", says Michael McMahon.
"Our staff has worked endless hours, 7 days a week to bring our
facility to this point". Scio produced 275 carats of single crystal lab
grown diamond per week in its first quarter of operation (July -
September 2012). Its average production in the last quarter (January-
March 2013) exceeded 600 rough carats of single crystal diamond per
week.



In addition to the production of diamond, Scio has an operational
diamond laser fabrication operation, which allows it to self-sustain
its seed production and customize product for both industrial and
gemstone customers.



"The demand of product continues to be very high in both the gemstone
and industrial market segments", says McMahon. "Even though we are
convinced that our one of kind technology produces more diamond per
reactor than any other technology, we are far from our ultimate
production levels".


About Scio


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,
single-crystal colorless, near colorless and fancy colored diamonds.



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.


Cautionary Note Regarding Forward-Looking Statements


This press release contains forward-looking statements that may involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Scio to be
materially different from future results, performance or achievements
expressed or implied by any forward-looking statements. Forward-looking
statements, which involve assumptions and describe future plans,
strategies and expectations of the company, are generally identifiable
by use of the words "may," "will," "should," "could," "would,"
"forecast," "potential," "continue," "contemplate," "expect,"
"anticipate," "estimate," "believe," "intend," "or "project" or the
negative of these words or other variations on these words or
comparable terminology. These forward-looking statements are based on
assumptions that may be incorrect, and there can be no assurance that
these projections included in these forward-looking statements will
come to pass. Actual results of the company could differ materially
from those expressed or implied by the forward-looking statements as a
result of various factors. Except as required by applicable laws, the
company has no obligation to update publicly any forward-looking
statements for any reason, even if new information becomes available or
other events occur in the future.


SOURCE Scio Diamond

Scio Diamond

CONTACT: Scio Diamond Technology Corporation, Michael McMahon - mmcmahon@sciodiamond.com


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