Abazias Announces Increased Diamond Sales

GAINESVILLE, FL -- (MARKET WIRE) -- 08/17/04 -- Abazias ( ABZS - news ) is pleased to announce a record quarter for the period ending June 30, 2004. "Abazias.com has enjoyed increased diamond sales," states Oscar Rodriguez, CEO of Abazias.com. "Our figures show our sales 33% higher as compared to the same quarter in 2003. Combined with future marketing plans, scheduled media promotions and website upgrades, these figures are indicative of a very promising holiday season."

Abazias.com celebrates second quarter sales at record levels of $389,991. In addition, the company''s net loss, excluding one time non cash charges was a minimal $20,417 for the three months ended June 30, 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. Almost 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.

"This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future sales, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements."

Other articles of interest:

• Abazias Raises 300 000 in Funding
• The Three Main Diamond Grading Labs
• Diamonds Fund Healthcare Development
• Pearls and Diamond Accessories
• A Man’s Diamond Ring