Abazias.com Ends Quarter Positioned for Holiday Season Success with 2005 Sales up 8.5%

GAINESVILLE, Fla.--(BUSINESS WIRE)--Nov. 15, 2005--Abazias (OTCBB: ABZS) announces significant positioning for the period ending ended September 30, 2005. Third quarter sales were $520,000 with a net loss of $25,731 excluding non cash items. Although this sales figure is down 15% when compared to the same quarter last year, sales for the nine month period are up over $133,000 or 8.5%, with gross profit up over 172% compared to the nine month period ending in September 2004.

"When we combine these figures and the upcoming holiday season with our balance sheet, which has been greatly strengthened by an increased cash level, we are in a good position for strong 4th quarter numbers," states Oscar Rodriguez, CEO of Abazias. "Although there can be no assurances, we reasonably believe we can achieve 1MM in revenues in the 4th quarter," Rodriguez continues. "This would not only be a significant percentage increase versus last year, but more importantly a much more profitable one with our new gross margin mix compared to last year."

Abazias was also pleased to be covered by The Motley Fool on 11/14/05 in an article titled, "Three Stocks that Blew the Market Away." Find the article at www.fool.com.

In addition, there are several promising initiatives in the works that if successfully concluded in the fourth quarter, would significantly enhance Abazias' stature as a premier leader in the online diamond and jewelry market. Abazias currently has the largest online offerings of diamonds known to exist with over 70,000 available for sale on their site. "Our goal is to create enough momentum to make people sit up and notice Abazias the way they do Blue Nile (Nasdaq: NILE), and it is extremely attainable," Rodriguez states.

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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