ABAZIAS SALES INCREASE 49% WITH PRELIMINARY FIRST QUARTER RESULTS

GAINESVILLE, FL, (May 15, 2007) -- Abazias (ABZA) is pleased to announce preliminary first quarter sales for 2007 of $1,644,684, a 49% increase over the same period in 2006.
Please note, these are preliminary unaudited figures, subject to revisions based on returns and normal final accounting adjustments by auditors, and do not include any non cash expenses.

Commenting on the expected results, Oscar Rodriguez, CEO of Abazias had this to say, "With this outstanding first quarter, we are confident that 2007 will be off the charts. Abazias recently unveiled new technology on our enhanced website and this innovative infrastructure and aesthetics has obviously impacted our visibility and credibility in the marketplace."
Abazias Diamonds has undergone a recent transformation with a new stock symbol (ABZA); and more attractive price as a result of recent stock split. The online diamond leader was recently featured in an IDEX (International Diamond Exchange) feature about Online Jewelers Gaining Significant Market Share. This article, which paired Abazias with the likes of larger organizations like Blue Nile and Odimo, says online jewelers are not only putting pricing pressure on store-based retailers, but their online financial model is also causing traditional jewelers to re-think their business model.
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 80,000 diamonds, valued at over $400 million on its site at www.abazias.com. Most of Abazias.com's 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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