ABZS Abazias.com Investor Update
Business Wire - March 14, 2006 9:00 AM (EDT)
GAINESVILLE, Fla., Mar 14, 2006 (BUSINESS WIRE) -- Abazias (OTCBB:ABZS) is pleased to update investors on the status of sales for the quarter and report on the upcoming 10-K. Based on significant sales figures, Abazias estimates another record-breaking quarter, with first quarter sales expected to exceed $1 million. If these expectations are realized, Abazias will have increased sales over 141% over last year's $413,000 in sales for the first quarter of 2004.
"These figures are quite remarkable, since the first quarter is historically not very strong due to the seasonality of diamond purchases," stated Oscar Rodriguez, CEO of Abazias.com. "Our focus over the past six months has been on improving the infrastructure, and we have made several technological improvements to the site that should be unveiled by next quarter," Rodriguez continued. "These advancements will affect our growth curve in a significant way. We appear to be finally taking business away from Blue Nile (NILE), a company that now shows signs of anemic growth."
In addition to the overwhelming sales figures, Abazias.com also would like to advise that the 10-K audited numbers are being finalized now for 2005, and are expected to be released on or about April 2, 2006. These figures will confirm significant growth from the previous year.
Activities for 2006 include investor relations through professional associations, including SmallCapVoice.com. Additionally, Abazias continues to promote the company through consumer public relations and strategic marketing alliances with Paris Hilton Limited Edition Watches.
Abazias.com has created a strong customer following based on customer service and site innovations that let shoppers create their own jewelry. In addition to delivering quality diamonds at wholesale prices, Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased.
Abazias.com showcases over 70,000 diamonds, valued at over $350 million on its site at www.abazias.com. Most of Abazias.com diamonds are GIA, AGS or EGL certified. Abazias.com offers the "Couples Diamond(R)," which is required to meet even higher standards for cut, clarity and dimensions. Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased. For more information about Abazias.com, visit the Company's website at www.abazias.com.
his press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Abazias
IR Contact:
SmallCapVoice.com Investor Relations
Stuart T. Smith, 512-267-2430
SSmith@SmallcapVoice.com
or
PR Contact: Kollaras Communications
Rebecca Kollaras, 305-754-5949
Rebecca@Kollaras.com
Copyright Business Wire 2006
