Abazias.com Ends Quarter with 89% Increase in Sales and Cash Flow Positive

GAINESVILLE, Fla.--(BUSINESS WIRE)--Aug. 16, 2005--Abazias ( ABZS - news ) is pleased to announce a record quarter for the period ending ended June 30, 2005. "Our sales increased 89% to $735,683 while we reduced General and Administrative expenses by 78% over last year. At the same time, our Gross Profit has increased significantly over 205% to over $117,000 dollars over the same period a year ago." states Oscar Rodriguez, CEO of Abazias.com. All indications point to profitability and excluding non cash items we are profitable now, and expect a lucrative end to the year."

In addition, the Gross Margin also increased significantly by almost 60% from the same period last year. Just as important, this was also the first quarter that Abazias showed a positive cash flow, as a public company, by over $43,000. "These significant results indicate that profitability is within reach since we posted a meager loss of only $25,933 for the quarter of which almost $66,000 dollars was a stock expense. Had it not been for such expense, we would be profitable today," Rodriguez commented further. For more information regarding the results, please review the most recent 10Q filing available online.

Activities for 2005 include investor relations through professional associations including SmallCapVoice.com, and investor relations with road show luncheons in key markets through Friedland Capital. Additionally, Abazias continues to promote the company through consumer public relations and strategic marketing alliances including promotional giveaways on national television game shows like, The Price is Right.

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®" 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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