Abazias Q1 Profits up 165%

Abazias has announced that sales for the first quarter ended March 30, 2006, sales were $1,103,424 with gross profit up 165 percent to $175,624. Twelve month sales up until this period were approximately $3,800,000.

In a release, the company said that although Abazias.com incurred a net loss of $49,608, including non cash items, this was primarily due to an investment in expanding operations with additional employees, marketing expenditures, and strengthening the infrastructure enabling website operations to capitalize on future business.

"Abazias has geared up for the next level of success and we are making an investment in infrastructure in order to capitalize on the expected blockbuster fourth quarter holiday season," states CEO Oscar Rodriguez. "We are continuously improving the front and back ends of www.Abazias.com, now showcasing over 80,000 diamonds. These advancements combined with our expanded jewelry line act as catalysts for success. Our goal was to create a leveled playing field with enough momentum to make people sit up and notice Abazias the way they do Blue Nile and it is happening."

Activities for 2006 include investor relations through professional associations including SmallCapVoice.com. 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."