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Abazias Completes First Traunche of Funding and Blue Nile Announces Launch of United Kingdom Web Site
City of Industry, CA --(www.FinancialNewsUSA.com)-- 10/04/2005 - Diamond industry news provided by Financial News USA (OTC: FNWU) Abazias Diamonds (OTCBB: ABZS) is pleased to announce the completion of the first traunche of an anticipated two traunche private placement in the amount of $500,000. The purchase, with a private investment group Famalom, LLC, concluded the first traunche last week with Abazias receiving $250,000. The first purchase agreement which was concluded at or near market prices for a total of 3.5 million restricted shares that cannot be sold in the open market until either registered, or held for at least one year -at just above 7 cents a share. The agreement also included partial non-registered warrant coverage with various strike prices up to 20 cents. For a complete company profile visit http://www.smallcapvoice.com/abza/index.html
Leading online jeweler Blue Nile (Nasdaq: NILE) today announced the launch of its United Kingdom Web site found at www.bluenile.co.uk. The launch marks Blue Nile's first overseas expansion and second international launch, following a successful deployment in Canada earlier this year. Founded in 1999, Blue Nile has built a reputation for providing the highest quality diamonds and fine jewelry at prices 20 to 40 percent below traditional retail, coupled with in-depth educational materials to help place consumers in control of the jewelry shopping process. Odimo Incorporated (Nasdaq: ODMO), an online retailer that offers high-quality diamonds, fine jewelry, brand-name watches and luxury goods through three websites (Diamond.com, Ashford.com, and WorldofWatches.com), today launched the redesign of Diamond.com, Odimo's premier online property specializing in certified diamonds, fine jewelry and brand-name watches at discounted prices. Tiffany & Co. (NYSE: TIF) said on Wednesday it has tapped internationally renowned designer Frank Gehry to create an exclusive jewelry collection. Dubbed "The Gehry Collection," the designer's work is slated to debut with six distinct jewelry and tabletop items in April 2006.
About Abazias
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®" 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.
This 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.
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