Abazias.com Reports Record Revenues

GAINESVILLE, FL -- (MARKET WIRE) -- 05/24/04 -- Abazias ( ABZS - news ) is pleased to announce a record quarter for the period ending March 31, 2004. "Abazias is enthusiastic that the company is making such dynamic progress, further validating the market," states Oscar Rodriguez, CEO of Abazias.com. "Additionally, Blue Nile's widely successful IPO of last week is great for the industry as a whole."

Abazias.com celebrates first quarter sales at record levels of $528,000. In addition, the company's net loss, excluding one time non cash charges was a minimal $14,861 for the three months ended March 31, 2004. These significant results indicate that profitability is just around the corner. For more information regarding the results, please review the most recent 10Q filing available online.

Abazias also announces the new and exclusive Couples Diamond®, available only on www.abazias.com . The Couples Diamond® replaces the Amore diamond previously sold on behalf of another company. The Couples Diamonds® are certified super ideal cut hearts and arrows diamonds, cut to perfection and with the highest grading of polish and symmetry.

Abazias.com features one of the largest certified loose diamond databases in existence with a database of over 60,000 diamonds, valued at over $50 million. All of the 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, visit www.abazias.com or call 800.603.9940.

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