EX-5 7 dii_ex5.htm OPINION OF LEGAL COUNSEL (STOECKLEIN LAW GROUP), DATED MAY 15, 2008

STOECKLEIN LAW GROUP, A PROFESSIONAL CORPORATION

PRACTICE LIMITED TO FEDERAL SECURITIES

 

 

EMERALD PLAZA

 

402 WEST BROADWAY

4695 MACARTHUR COURT

SUITE 400

ELEVENTH FLOOR

SAN DIEGO, CALIFORNIA 92101

NEWPORT BEACH, CALIFORNIA 92660

TELEPHONE:   (619) 595-4882

TELEPHONE: (949) 798-5541

FACSIMILE:     (619) 595-4883

FACSIMILE:  (949) 258-5112

EMAIL:          djs@slgseclaw.com

 

WEB:            www.slgseclaw.com

 

 

 

May 15, 2008

 

Board of Directors

Diamond Information Institute, Inc.

12 Daniel Road East

Fairfield, New Jersey 07004

 

Gentlemen:

 

We have acted as counsel to Diamond Information Institute, Inc., a New Jersey corporation (“the Company”), in connection with a Registration Statement on Form S-1 to be filed by the Company with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the “Act”). The Registration relates to the proposed registration of 1,818,100 shares (the “Shares”) of common stock, $0.001 par value per share (the “Common Stock”) of the Company.

 

In that connection, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates and other documents as we have deemed necessary or appropriate for the purposes of this opinion, including the following: (a) Certificate of Incorporation and Bylaws of the Company, as amended; (b) resolutions adopted by the Board of Directors of the Company, (c) the Registration Statement, together with the Exhibits filed as a part thereof; and (d) New Jersey law including the statutory provisions, all applicable provisions of the New Jersey Constitution and reported judicial decisions interpreting those laws.

 

For purposes of this opinion, we have assumed the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies, and the authenticity of the originals of all documents submitted to us as copies. We have also assumed the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto other than the Company, and due authorization, execution and delivery of all documents by the parties thereto other than the Company.

 


Diamond Information Institute Registration

Opinion Letter

Page 2

 

 

Based on such foregoing, I am of the opinion that the Company is a corporation duly authorized and validly existing and in good standing under the laws of the State of New Jersey and that the Shares, upon issuance under the terms of the S-1, are presently authorized, validly issued, fully paid, and non-assessable.

 

This opinion letter has been prepared for your use in connection with the Registration Statement and includes my opinion on New Jersey law including the New Jersey Constitution, all applicable provisions of New Jersey statutes, and reported judicial decisions interpreting those laws.

 

We hereby consent to the filing of this opinion, or copies thereof, as an exhibit to the Registration Statement and to the statement made regarding our firm under the caption “Legal Matters” in the prospectus included in the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act of 1933 or the rules and regulations of the Securities and Exchange Commission thereunder.

 

 

Yours truly,

 

 

/s/ Donald J. Stoecklein

Donald J. Stoecklein

On behalf of

Stoecklein Law Group