Abazias Expands Education Pages on Enhanced Website

~Leading Online Diamond Supplier Features Insider Tips, Increased Detail, Invaluable Tricks of the Trade and More~

GAINESVILLE, Fla.--(BUSINESS WIRE)--Aug. 8, 2006--On the heels of successfully launching the beta version of their new website, Abazias Diamonds (OTCBB:ABZS - News) has expanded their online information center. Designed to encourage browsing and return visits, the Diamond Education Guide is a comprehensive resource that offers interactive Q & A and education on beginners, intermediate and advanced levels.

"Abazias strives to not only be the leading online diamond supplier but also the leading resource for diamond education," states Oscar Rodriguez, CEO of Abazias. "We have a unique opportunity to educate, without bias, as our database includes over 80,000 diamonds from hundreds of dealers. This enhanced element of our redesigned website now gives diamond shoppers a way to research and know that their purchase at Abazias is an educated and sound one."

The Diamond Education Guide features several unique options, including insider tips on such topics as saving money, avoiding mistakes, tips on colorless diamonds and more. Abazias plans to develop the site further with a printable pocket diamond guide and diamond trend updates from the C.E.O., time permitting.

After several successful quarters, Abazias reinvested into the operational infrastructure of the company and launched a newly redesigned website. This initial version of the new site features a more refined style and enhanced functionality. The new site offers a variety of new features, designed with customers in mind. The launch of the beta site introduces a personal shopper, the first in the industry; a comprehensive and easy-to-use ring builder; and the elaborate, enhanced diamond education section.

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 $350 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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